đ VID asset analysis
Let's look at the daily chart of the VID (VIDUSDT) asset on the Binance exchange. It is clear that the asset shows significant movement, which may be interesting for short-term traders and investors.
Key points:
Moving Averages:
MA (7): 0.04025 - The short-term moving average shows a strong uptrend, the price is above this level, which indicates the current bullish trend. đŸ
MA (25): 0.02352 â The long-term moving average is also directed upward, confirming the growth of the asset.
MA (99): 0.02492 - The long-term moving average shows a potential switch to a bullish trend, which increases confidence in continued growth.
Ichimoku Cloud Indicator:
The asset price is above the Ichimoku clouds, indicating strong upward momentum. đ The cloud components and the Kijun-sen and Tenkan-sen lines also support the current bullish trend.
SAR indicator (Parabolic SAR):
The SAR parabolic is located below the current price, which confirms the uptrend and indicates a continuation of the upward movement.
Resistance and support levels:
In the near future, the asset may face resistance in the 0.05566 zone, which is a level where sellers have been very active in the past. đâđŠș If this level is broken, the price may continue to rise to the next target.
Support levels are located in the areas of 0.03397 and 0.03210, where the asset may find support in case of a correction.
Conclusion:
VID is showing a strong uptrend đ¶ and is likely to continue rising if it can overcome the nearest resistance. Investors and traders should pay attention to support and resistance levels, as they can serve as important reference points for trading decisions. đđ It is also worth considering possible corrections and using risk management strategies to minimize potential losses.
It is recommended to monitor further developments and confirmations of signals to make more informed decisions on trading the VID asset. đŸ
