Since BTC decided to do a nice little drop last night, basically knocking “most” alts down with it, I thought I’d review my watchlists to see what coins I follow were is primo position for positive movement.
As you can see I use a custom “MacD” I got off the TradingView list, and the Stochastic RSI for determining potential energy levels is my way of describing it.
VET has been active the last few weeks following a nice parallel channel from around .08 to .11. BTC’s latest antics kicked it in the nuts and its staggered back to .12 but I believe thats the bottom. It’s just been too solid the last couple months and I believe its ready to go.
The MacD and RSI energy are in perfect positions for this type of analysis to suggest an upward projection soon. Upward to where you ask?
If it respects the top of the parallel channel I’d say around .25 range.
I have posted a repetitive history analysis recently for VET where I estimate a rise to the .80 range by year end.
I have posted an analysis using the “Log” function which showed a rise to $1.71 up to 5.89.