VTHO TIME

VTHO has been in a descending channel for a while now, and recently got rejected on the top of the channel. Facing huge selling pressure, we expect VTHO to retrace back down to $0.013 to test the bottom of the channel and form a W pattern before taking off again. If it breaks the support level , then expect a drop back to retest strong support near the $0. 01 mark.

That said, RSI still looks pretty healthy, so VTHO might just go up from here off the support level at $0.0156. If we break the channel, expect to face strong resistance around the $0.02 levels.

Note: This is not financial advice and is merely my opinion.