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JamesWillert
Feb 1, 2021 7:36 PM

Just looking... Long

VeChain / BitcoinBinance

Description

VET-BTC appears to have a lot of energy stored up in its chart and while it has some resistance at the 95 - 100 sats level, it looks to be in an uptrend since late December. And while the 7MA has crossed above the 77MA, they're both still under the 231MA which typically means price action will be relatively slow moving. But once those MA's get air, VET will likely see a blast up to the 0.382 fib line where it might encounter resistance at around 140 sats and with enough volume, it could even go to the 0.618 fib line.

This is purely TA, I know nothing about this project.

Comment

Price action sure does appear to respect those Fib ratios...

*clarification: 0.618 line sits at 168 sats... happy trades!
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