Vechain has been fighting some heavy resistance at the 23.60% Fibonacci level. From here we were expecting a clear break above this level but since the september crash, Vechain has been consolidating around the 23.60% Fibs and now looks like it is ready to break above this level. Simultaneously, looking at the moving averages, VET looks poised for a big move on...
VET is looking very similar to MATIC, it has inv head & shoulder on daily timeframe and reaching a very strong resistance if flipped we'll see it flying :-)
You can take small entry here or wait for breakout confirmation!
Targets are marked. SL below the last low.
I posted regarding MATIC setup yesterday, it had an inv H&S and was looking very bullish.
We all witnessed the MATIC pump today, it had a GOD candle and it was under the top gainers on Binance.
Now some of the altcoins have very similar structures and mostly looking ready to pump!
VET, QTUM, ZIL and many others are...
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
* VET in 4H time frame appears with Inverted Head and Shoulder pattern and it's neckline as resistance around $0.125.
* Inverted Head and Shoulder is a trend reversal pattern occurs during the bearish market
* If the price breaks the above resistance we expect the bullish move.
If daily resistance at 0.12311 is broken, we will be able to mark out a new daily demand zone in case price retraces, allowing to enter a long trade.
You can also notice I marked out a daily suppply zone turned support. This area corresponds with the imbalance around the same area. Price already tested that zone once and bounce, enter a second time, going a bit...
VET is another ecosystem asset.
The asset is under selling pressure after a strong seller reaction from the $0.154 level.
We should look for purchases based on a possible continuation of the correction of the asset.
The nearest liquidity buffer is the $0.082 - $0.099 range. It's better to buy closer to the lower border of the range - the...
*THIS IS NOT FINANCIAL ADVICE*
Currently, I believe Vet is looking bullish with a possible breakout from the small pennant to finish forming the handle
If that plays out, Vet could surpass .15 and attempt to reach .20 - I expect a lot of resistance from .20 to .25
(might even be just an even larger cup and handle forming!)
$VET broke out from a descending resistance line and now try to confirm it as support, here is another support zone that can hold #VET price above it. if bulls success to break out from the next descending resistance line I think $0.2 will be touched in midterm and $0.32 will be the long term target.
but a break below the support zone and long term...
VET 4H TF:
At 0.5 fib level bounce off , this is interesting, however, the 0.618 is the golden pocket here
It rejected it once and seems like it is trying again.
if we go over 0.12126, we can establish strong support and up from there.
However, with BTCDOM rising, liquidity is currently moving to BTC so i wouldn't count on a pump right now unless btc retraces...
History doesn't repeat but it rhymes.
Mark Twain once said this, and even though he was probably not talking about charts and price movements in particular, the statement is true. Because what he meant then are human behavior patterns and human behavior patterns are reflected in price movements.
Now to business.
Have a look on the chart an let us compare the...
Yes…….. VET is still in its massive Symmetrical Triangle pattern.
VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band.
Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with...