dawn996
Long

Vechain to resume upward trajectory!

BINANCE:VETBTC   VeChain / Bitcoin
After beimg sold off and consolidating for a while, it seem like Vechain is ready to trade higher from here. While I have not completely see a confirm buy, DMI+ crossing over DMI - signalled some form of new trend to emerge. What is not confirming yet is that EMA 8 has not cross over EMA 13 and the downward trendline has not been broken as yet at 0,00000167 level.

Despite so, the general sentiment in Alt coin does make the calculated risk seem worth taking. So I am going to take it at 0.00000162. Buy here for an eventual move up to break above 0.00000167 and with target of 0.00000296.

Comments

That's a high target, any intermittent targets besides that?
Reply
dawn996 FindTheSun
@FindTheSun, Seem like it now given that it is taking quite a while to reach. But as long as it hold above 0.0000015, the uptrend remains intact. If the target seem far, targeting the recent high can be more viable?
+1 Reply
Very detailed analysis!
Reply
dawn996 plancton0618
@plancton0618, that makes me very happy! thank u!
Reply
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