Technical analysis by AlanSantana about Symbol VITE: Buy recommendation (10/9/2024)

As with many Altcoins, the bullish action started after the major early August crash... We are looking at VITEUSDT.After the August low, VITEUSDT went bullish and found resistance near MA200. A correction followed and most of the gains were removed.After producing a major low, we can see a huge increase in trading volume and today a strong bullish breakout, signaling a higher low.➢ We have a high volume higher low, which in turn can lead to a higher high.The first wave just described can be considered the initial bullish breakout and the wave that is starting now the resumption of the bullish move.This pair has potential for growth.You can find VITEBTC by looking at the 'Related publications' below this post.Namaste.