VET Ranging In Falling Wedge, Building Bullish Momentum Long

VeChain / BitcoinBinance

Description

⋅ Jun 17, 2019 3:35 PM

Long signals: falling wedge, golden cross on macd.

Short signal: hidden bear div.

Being a large cap, VET doesn't respond so much to Bitcoin's volatility. It's likely do its own thing and keep ranging within the falling wedge for a while.

It will bounce back to mid 90s, where it will come up against resistance, which will eventually break out. The break out will likely be spurred by news, strong FA and rising activity on the mainnet.

Comment

⋅ Jun 17, 2019 7:20 PM

Targets: the SR lines at 102 and 127 sats.

Comment

⋅ Jun 20, 2019 12:02 PM

Just fell through support. Will have to get back in there soon to prevent invalidation.

Comment

⋅ Jun 21, 2019 12:49 PM

Idea invalidated.

I will await the formation of a new pattern and then chart it again.

Comment

⋅ Jun 25, 2019 1:27 PM

Popped right back into the triangle.

Might continue as if nothing even happened.

Technical Indicators Trend Analysis

Comments

ribi

⋅ Jun 20, 2019 7:24 PM

are we going to the moon or sub zero?

nginx

⋅ Jun 22, 2019 6:14 AM

@ribi, Sub zero most likely. BTC is the only thing going to the moon.

BtcBlackthorne

⋅ Jun 22, 2019 7:47 PM

@ribi, This will moon, eventually.

BtcBlackthorne

⋅ Jun 22, 2019 7:49 PM

In order for alts to pump, new money must come in.

Most laymen are not yet aware of Bitcoin's recent rise. Soon, the media will let them know.

Newbies will look for the next Bitcoin. It's got to be cheap, so they can own many. Market cap be damned.

Alts always pump delayed. But when they do... hold onto your jetpacks.