VITE/USDT interesting coinHello traders!
Hope you're killing it!
Some months without posting any idea since my last prediction of the DXY dump.
Now, it's time of VITE .
VITE, which I found some months ago, is one of the most undervaulued coins of the market. However, I waited to a clear breakout to talk about it and It happened.
So, let's talk about the chart.
On the first hand, the period which begins with the historical low on March 2020. After that, most companies experienced big gains and, indeed, VITE did. From an historical low of 0.004 to 0,037, we can englobe the first movement of the coin.
After that, VITE suffered a no volume period with a decrease of price.
Then, is where, in my opinion, starts the new bullish trend of the coin...
This NEW TREND , begans with the breakout of BINANCE ATH at 0,04 approx and rocketing to a new 0.19 USD ATH.
At the moment , the coin is retracing to a 61.8% of retracement converging with the MA9 and MA20 on daily chart. If the markets doesn't collaps on the upcoming weeks, we could see a new bullish movement with 2 clear targets:
Target 1: 0.3 USD (1.20 fibonacci extension)
Target 2: 0.5 USD (2.50 fibonacci extension)
As always, this is my personal opinion.
See you next chart!
