Hello guys, as you can see in my post we have been rejected by every EMA since the summit highs (160 sat~). Followed by a WXYXZ (Eliott wave theory count) downward trend there is consolation ongoing in an ABCDE triangle formation. We are currently trying to test the 25 EMA (turquoise line). If we keep holding above there are great chances to go for another attempt to the 200 EMA (Orange line). If we bull this time above the 200 EMA chances are high that we will perform more bullish movements and trends. Also we have bullish divergence in the RSI(14) displayed.
Keep the Fibonacci zones in mind (based on ATH and ATL) to take profits & make an entry decision.
1. = 338 Sat
0.786 = 283 Sat
0.618 = 240 Sat
0.5 = 210 Sat
0.382 = 179 Sat
0.236 = 142 Sat
Stoploss 80 Sat
Best of luck and stay stafe!
(Im no financial advisor) =)
Keep the Fibonacci zones in mind (based on ATH and ATL) to take profits & make an entry decision.
1. = 338 Sat
0.786 = 283 Sat
0.618 = 240 Sat
0.5 = 210 Sat
0.382 = 179 Sat
0.236 = 142 Sat
Stoploss 80 Sat
Best of luck and stay stafe!
(Im no financial advisor) =)
Trade active:
Wave E incomming
Comment:
Remember, VeChain is a swing game. Reactions take time because of the huge supply, but once it does, it will be shocking how fast VET will move.
Trade active:
We are holding the current support zone
Trade active:
Stoploss got hit, but I wont sell ATM. BTC is rising fast as fuck. Hard to catch up for alts. I will give it some time before I decide to sell my position. Next update will be tomorrow and hopefully BTC dominance is decreasing so money can go back into alts. While VET/BTC is getting ripped through the rise of BTC, I would recomend to take a look at the VET/USDT chart. In my opinion its wiser to take a look at this chart until BTC will cool down.
Comment:
P.S: The triangle cosidolation is currently out of our triangle. So for the moment its invalid. But we will see if price will get into there
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