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RedArtic
Aug 19, 2019 7:46 AM

Vechain can start looking up Long

VeChain / BitcoinBinance

Description

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.
Comments
Mikelikescrypto
Excellent Analysis
UfukDogan
Hey mate,

So you are expecting around 150 sats end of this year?
RedArtic
@UfukDogan, Hey I think it is looking for 100 sats right now. Let's see!
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