without_worries

VeChain (VET) - parabolic move circa ~2000%

Long
BINANCE:VETBTC   VeChain / Bitcoin
On the above 3-day chart price action has corrected 80% since May of 2021. A number of reasons now exist to be bullish .

1) A number of strong buy signals.

2) RSI resistance breakout.

3) Regular bullish divergence with multiple oscillators.

4) The monthly chart (below). Take time to study the channel price action is trading in and the candle printing. Should the following candle print ‘green’, then the rest is history.

Is it possible price action falls further? Sure.

Is it probable? No.

Action? When price action breaks resistance at ‘Go long here’, then ACT. If history is any teacher price action will top out between 60 and 90 days.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 3 - 6 month
Return: 2000%
Comment:
The monthly chart
Trade active
Trade active:
Price action breakout confirmed

Trade active:
Buy signals popping off on multiple time frames now.
Trade active:
A break of market structure - in a good way, resistance no longer.
Trade active:
Did you see?
Comment:
Very little has changed since publishing this idea, price action is only down 10%. It really is only a matter of being patient.

5-day chart

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

ETH
0x9f9b2d80747ac09d2d7bb63761e10b9a9738df52

Allow 3-6 months on ideas. Not investment advice. DYOR
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