Past month there were few signals and analyses due to market conditions and we had to post them in Premium channel only. Recent successful series of signals show that market seems to start recovering. Number of strong trading ideas grew significantly past week. Today we start sharing some of analysis with public here on TradingView again :)
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It has been noticed that BTC gains power and slowly crawls upward while Alts demonstrate times faster growth. Vechain seems to lag behind in this rally, however it reached Fib 1 retracement level and global bottom. The most important is that we see a third breakout from descending crossed . The price is above EMA50 (Blue line) confirms the reverse. is in overbought area, however goes up, while is .
VET broke a large that lasted almost a month. The price crossed red cloud resistance. EMA20 holds a dynamic support, is in uptrend.
Overall: indicators shows possibility of a large growth we recommend to hold VET for several weeks
The next important resistance is around 0.00000126, then long term consolidation will finish and bull run will start
Buy zone: 0.00000103-112
Potential profit if you sold around our 1st target is 16.8%