Total madness with $VIC , pay attention because we see a brutal upward growth, look at this analysis:
NOTE: This is my analysis, always prioritize your strategy. I will inform and provide a broad overview.
Recent Growth (Last Weeks):
After finding an apparent bottom around $0.15-$0.20, the last few weeks (the last 2-3 weekly candles) show a clear and strong upward movement. The price has risen from those lows to the current level of $0.3556.
Trading Volume:
The initial rally and correction saw high volumes.
Most relevant to the current growth: the last bullish weekly candles are accompanied by a very significant increase in buying volume. This is a very positive sign, as the volume validates the price movements.
Moving Averages (Purple and Yellow Lines):
During the correction, the moving averages were above the price and declining.
Currently, the price has crossed above both moving averages, and the faster moving average (yellow) has crossed above the slower moving average (purple). In addition, both moving averages are starting to point upward. This is a bullish moving average crossover.
Bullish or Bearish?
Based exclusively on technical analysis of this weekly chart:
Although the asset is coming off a deep correction from its peak, the recent growth you're seeing looks very good and is clearly bullish in the short to medium term.
CM.