We have rejected off ATH resistance but are still comfortably holding the Top of the FIB retracement, i think we could possibly see some accumulation as we go to try and break the ATH and enter into Price discovery mode. Once we break this ATH we could see a continuation upwards creating new support levels. Stoch RSI is coming back down out of the overbought areas...
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH, but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching...
VET was ascending in a channel before its shoot-up and now it seems to be retracing back for a while,
we can be optimistic about its rally if the specified Green Support Area stands,
Green Support Area has confluences with Fibonacci Golden Zone and top boundary of the same Ascending channel.
The retracement also can be channeled for better understanding and our...
Are the buyers getting back controle?
There is a potential breakout to the upside of the triangle, were looking for a breakout of this giant triangle. Vechain could then see some upside this week. If we repeat this body it would be nice to see 0.075~
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
Hey r tadomaniacs,
Vechain seems to continue its UPTREND and has recently created the next Impulse-Wave.
This could cause nice bullish confluence and so a break of the resistance-zone in order to create the third and extended Wave.
Looking at the Wave-Sctucture, we can expect at least two more Major-Waves upwards in order to complete the entire Impulse.
With...
Hope some people have taken benefit from the 1st analysis on Oct 8th as per below. It has taken longer than expected but has played out exactly as anticipated. Patience is key.
NOW Next target and possible but opportunity.....
Expect price to pullback and...
Key zones to buy VETUSD or VeChain.
0.0085-0.0095 has been historic resistance on many occasions. Expect this level to be respected as a support going forward for the next leg up.
Also, break of the descending channel will confirm the setup and will resume the bull run that started around Apr 2020.
Priceline of VeChain / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.005852 to 0.005795
Sell between: 0.005987 to 0.006190
Regards,
Atif Akbar (moon333)
Price action of Vechain / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.006224 to 0.005999
Sell between: 0.006751 to 0.007554
Enjoy your...
$VET
Didn't react too insanely to $BTC yesterday; very big volume candle coming in too. I think we'll see a move up to R1, POC at yellow from here. A safer place to set some bids would be green box.
