VVV: Trader Maps Three Entries Near $12.07
VVV at $12.07 draws three entry scenarios from @CryptoMichNL as EMA50 at $12.95 caps upside and MACD signals bearish continuation.
SourceAnalysis
VVV price action draws sharp commentary from @CryptoMichNL who labels recent complaints as typical of buyers who entered too high, framing the move as a standard correction within the ongoing bearish structure.
With price sitting at $12.07, the 4h chart shows price trapped below both the EMA50 at $12.95 and EMA200 at $14.53 while MACD remains negative at -0.38 after the death cross; RSI at 43.3 offers neutral momentum yet the position inside the Bollinger Bands between $10.99 support and $14.42 resistance suggests any push toward the upper band will likely meet selling pressure before a retest of the 50-EMA, aligning with the trader’s aggressive flip of $12.20 for a run to $14-15 or deeper dips to $8-9 for short-term positioning. VVV price prediction models now hinge on whether Bitcoin correlation or broader crypto market crash dynamics accelerate the next leg.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast