RedArtic

Vechain can start looking up

Long
RedArtic Updated   
BINANCE:VETBTC   VeChain / Bitcoin
Approaching the end of the declining wedge.

Breakout seem "imminent", Target in red.. Let's see.

Also kind of like their fundamentals, anyways... it's cheap right now.


Not an advice.

Weekly view, cleaner. Breakout in September?
Comment:
I am on mobile, but now is the perfect time to buy VET
Comment:
The weekly close will give us a good idea of the direction, but I am expecting up.

-We have a bullish divergence on the RSI
-We have created a double bottom
-We have a hammer as our previous weekly close.

As I said, the next close will give us a good idea of the next direction, as of right now a gravestone doji close would be bad.

Conservative target of 100-115 sats. Still a bear market.

Comment:
A bit more zoomed in.

-The 50 MA will give us trouble around 75-80 sats

Trade closed: target reached:
Target reached. 75 sats,
Second target 100 sats if we get an extended 5th.
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