A scythe structure on VeChain
These usually result (from my experience) in bullish continuation
As we can already see a breakout is occurring from the also triple bottom on the Fibonacci circle
The bars pattern in green is what we can likely expect from price action in coming weeks
Slightly adapting & analyzing this amazing project/pair.
at the end it's a market, you gotta adapt to the price action.
as shown, a really nice heading upward on the up-trend line.
3 touches so far, might be the last one.
altcoin season. Eth needs to cool off now, BTC dominance at 45%
Trend line is holding up & a nice candle + wick at the moment of this analysis.
looking good & bullish.
can't explain how great this project is! ( QUALITY )
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Since the publication of the previous idea , the price made good +60%.
Also, the VETUSDT price tested the past historical high for strength.
At this stage, it is more likely that it need to make another rollback down before updating the high.
The liquidity zone of $0.0155-0.0175 will act as a magnet for correction.
In previous ideas, we wrote that the...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.01074).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.01074).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
