V-ID Token Round 2 (Chart Fully Mapped)

8 may 2020

Here we have the second round for V-ID Token (VIDTBTC). The gains generated since our last analysis was removed but the chart is pointing towards more growth.

• VIDTBTC is now testing "strong support", this is marked by a confluence of multiple moving averages and also a Fib. level.
  
• Prices moved below the 0.786 Fib. retracement support relative to the Feb. bullish wave, this is an important level.
  
• When VIDTBTC moves above this level, 0.00001231, we can see a quick 70% jump plus additional growth in the weeks that follow.

I wouldn't worry much about the bearish scenario since this chart is bullish, but make sure to have a plan/strategy and use a stop-loss if you decide to trade.

This is not financial advice.

Thanks a lot for reading.

Namaste.