VTC/USD - Recovering back to $0.25

VTC tested the major support at 0.14 which held and now we turned the local resistance at 0.16 into support and moved higher. Our next resistance/target is 0.25 which is also a Fibonacci 38.2% level.

If VTC manages to re-claim 0.25 level and push higher, we may see a nice recovery in price after we corrected sharply in late September from 0.4 level.

If we pass 0.25 our next immediate target is 0.37 corresponding to the last top and Fib 78.5% level.