Hello guys,
I hope you have a nice day, thanks for taking a look, lets get right into it.
We have the VET/USDT (Binance Datafeed) displayed and I will explain a few extremely bullish sings that I can see on the chart from my perspective.
1. To measure the right trend we need to take a closer look at the candlestick structures - Once we have done that we can see a very clear "Cup and Handle"formation, which is usually a bullish indicator for a strong trend.
Specifically, I marked the line where the price should stay above to stay in a valid breakout in terms of the C&H. (arrow pointing to the broken important resistance).
2. To have an overview where we are psychologically in this company's cycle it's important to see where the accumulation is ongoing. As you can see we are accumulating in fact, until now in a range between ~ 0,008800 and 0,0034500 USD, to confirm a strong bullish trend, we need to break above the temporary major resistance and hold there to consolidate into new highs.
3. EMA 25 & 50 (green and yellow) are getting closer and closer as time passes by and we are close to a cross which is usually another bullish indicator.
4. Volume: The volume growth is just amazing, you don't need to be an expert to see that.
5. RSI (14): RSI is starting to catch up as well in terms of staying high in demand for the moment
Now that we have all those facts, do your own research and make your own opinion, would love to hear yours!
Greets,
YamiK
I hope you have a nice day, thanks for taking a look, lets get right into it.
We have the VET/USDT (Binance Datafeed) displayed and I will explain a few extremely bullish sings that I can see on the chart from my perspective.
1. To measure the right trend we need to take a closer look at the candlestick structures - Once we have done that we can see a very clear "Cup and Handle"formation, which is usually a bullish indicator for a strong trend.
Specifically, I marked the line where the price should stay above to stay in a valid breakout in terms of the C&H. (arrow pointing to the broken important resistance).
2. To have an overview where we are psychologically in this company's cycle it's important to see where the accumulation is ongoing. As you can see we are accumulating in fact, until now in a range between ~ 0,008800 and 0,0034500 USD, to confirm a strong bullish trend, we need to break above the temporary major resistance and hold there to consolidate into new highs.
3. EMA 25 & 50 (green and yellow) are getting closer and closer as time passes by and we are close to a cross which is usually another bullish indicator.
4. Volume: The volume growth is just amazing, you don't need to be an expert to see that.
5. RSI (14): RSI is starting to catch up as well in terms of staying high in demand for the moment
Now that we have all those facts, do your own research and make your own opinion, would love to hear yours!
Greets,
YamiK
KSC
