heuveldrie

Idea on vet and bias confirmation.

BINANCE:VETBTC   VeChain / Bitcoin
So,

earlier today we posted a small update with a bearish short term projection for our beloved VET. I wanted to present a small addendum with a different bias, drawn on a larger timeframe.

Why?

We want to consider multiple scenarios to confirm or falsify or bias either up or down. As you can see in above chart, a bullish projection on larger timeframes is still in play as of today. However, it can be observed that we are currently testing the bottom of that channel, and it would require a large move up to stay in around the median trendline . If this doesnt happen, and the price breaks out downwards of the channel, we can invalidate our bullish theory and add it to our bearish argument.

Hope this was helpful!

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out