KamiCapitalTA

Vechain/usdt - what you should look out for (1D Binance)

BINANCE:VETUSDT   VeChain / TetherUS
Hello Ladies and Gentlemen!

Today I will share my thoughts on the long term perspective for VET/USDT. (AGAIN :D)

1. As you all can see, we are forming a falling wedge on the 1D chart but all EMA's (300, 200, 100, 50, 25) are still acting as a resistance.

2. We are clearly in a critical price zone, as the last rally pump from feb/march happened in this price region. We had from February until June an increase of 150%. (In usdt terms)

3. Now we are again in this price region and the chances are high that we will see bullish movements from here.

4. If not then our last support zone from 3860-3267 needs to hold or else we will see more bearish action.

5. The golden fib retr. zone (0.5)(@11495) is our final confirmation to "bull mode" if we break above

Hope this was understandable,

greets

KAMI
Trade active: Update:

We are reaching a critical zone once we fall through .3300 USD

Freefall
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