Thread by @TraderLife

1/ $VI / $USD $VI / $ETH Token price analysis @vid_app

$VI has likely bottomed out --› see why --› $VI to $5k+

2/ $VI / $USD $VI / $ETH Token price analysis @vid_app

tradingview.com/x/tvROpQnF

In the short term based on EMA20 and MA50, we are in an uptrend and longterm is still a downtrend. However, the other indicators and recent positive news indicate an uptrend.

3/ $VI / $USD $VI / $ETH Token price analysis @vid_app

tradingview.com/x/wEy95AIZ

In M30 chart we are on a bull run already EMA20 above MA50 and Both above MA200.

4/ $VI / $USD $VI / $ETH Token price analysis @vid_app

tradingview.com/x/5DX3lOnf same with H1 as M30. Recent price development looks excellent. Even though the bottom on Feb 8th wasn’t the lowest in USD, it was lowest in ETH. It very much looks like we can call the bottom.

5/ $VI / $USD $VI / $ETH Token price analysis @vid_app

H12 view the MA200 is currently at around 0.09, so passing that price level should confirm 100% that we are back on the uptrend market entering a new price discovery zone. tradingview.com/x/NN2OHIq2

6/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

tradingview.com/x/Jc6Xweid VI/ETH in H24 chart RSI 14 points oversold. A strong indicator of the bottom is an oversold asset in H24 or longer period with signs of recovery in shorter-term such as RSI above H4 above 60.

7/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

Why is RSI important?
An asset that is oversold is believed to be trading under its true value and has a high probability of rebounding to the upside in the otherwise normal market conditions.

8/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

Now while H24 RSI is recovering from the oversold area the H4 RSI VI/ETH is above 60. 50 and 40 work as support levels in a bull market, while in the bear market 50 to 60 is resistance level. tradingview.com/x/BGIG861T

9/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

That's it for technical analysis today. ”Consider the market price of an asset compared to the fair value of the asset. What are $VI fundamentals?

$VI is poised to go to $5k+ if it hits @tiktok_us turnover of 27 billion.

10/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

Based on what logic? How could one $VI be $5k+? That's insane it would be 85 000 x value growth and MCAP of over $100 billion? So why people believe that?

Let me explain in few bonus tweets for today. #Moonshot

11/ $VI / $USD $VI / $ETH Token price analysis
@vid_app

1/ Tik Tok collected $27 billion in advertising revenues in 2020 alone (CITYAM, 2020). That on VI platform would mean $ 73 million daily volume, that must be paid in $VI.

2/ $VI smart contract burns 90% of tokens paid-for the advertisement and 10% goes to development and maintenance fund for CTO @antekbaranski and founders @JoshSinghVid, @JagSinghVid to manage in a best possible way to achieve roadmap objectives.

3/ Now this @tiktok_uk $73 million daily volume would mean @vid_app $7.3 million daily for app development and $VI tokens $65.7 million daily demand. Yes, you read right, DAILY DEMAND of $65.7 million.

4/ How would $65.7 million daily demand impact on $VI value?

Value = Supply vs demand.

We know the demand, so what is the supply?

$VI circulating supply is 24,090,358.85
+ 7 700 new $VI token is distributed fairly for @vid_app users daily for the next 300 years.

5/ Okay, but how we get the daily supply?

Let's assume all $VI owners purchase $VI to capitalise on its deflationary tokenomics. Therefore, they are hesitant to sell if they think the price will go up. We assume only 10% of supply is sold over a year.

6/ 10% of the $VI supply sold per year would add 2.4 million $VI tokens to market in the sale. Therefore, daily supply from $VI holders would be 6 575 $VI.

Subsequently, total daily supply would be 6 575 + 7 700 = $VI 12 735. Expecting that all app users spend all $VI received.

7/ To meet the daily demand of $65.7 million, 12 735 $VI must equal $65.7 million. Therefore, one $VI with described fundamentals and logic would need to be a minimum of $ 5 159 USD.

$VI is currently trading at 0.06$, which means it has tremendous x85 000 growth potential.

@threadreaderapp unroll