Context:
In its renewed form, Virtual confirms the return of agent Ia. This trend must now be maintained in May.
Virtual has increased by almost 30 % over the last 24 hours and secured the best assets of the day. At present, it is gone to continue its procedure, especially because institutional interest is growing.
Wise investors feed virtual rally
Virtual launched its ascending trend 22 April and constantly reached new daily peaks. As its price rises, the presence of smart money (SMII) is also confirmed.
The SMI indicator is governed by the business activities of institutional investors, often called “smart money”. It analyzes movements in prices in order to focus on the first and last hours of trading.
When SMI increases with the price of assets, he tells us that large investors will expand their positions. The current increase in virtual SMI suggests that institutional actors actively accumulate token. In short, the latter most likely focuses on other profits.
Another element that supports this ascending perspective is the increase in the flow of money Chaikin (CMF) token. At the time of writing, this momentum shows 0.25 and remains in the trend turned towards the rise.
The CMF indicator measures the flow of incoming capital and leaves the asset. Increasing CMF, as you can see at the moment, reflects an increase in incoming capital flows. This feeling is therefore positive on the side of traders and other investors.
As a result, reading virtual CMF strengthens the recent outbreaks of prices and suggests the possibility to continue the short -term assembly.
The development of the course indicates a further increase
The three digit rally of the virtuals, which began on April 22, powered active in a parallel ascending channel. This price scheme is formed when the price of the asset constantly reaches cavities and higher and higher peaks. The price of the asset is therefore evolving between two lines of parallel and ascending trends.
In the meantime, everything has indicated an ascending trend with a price that could continue to rise if you stay in the channel. If the application for part is strengthened, the token could be negotiated for $ 2.26.
However, strong profits could slow this bull projection. If sales begin, virtual can lose part of its very impressive profits, drop below $ 1.55 and find refuge for $ 0.96.
The Moral of the story: The token that rises is always happier than the falling token.
Notification of irresponsibility
Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.
