It has been a while. And just wow, VeChainThor and VeThorToken surged massively in such a short timeframe 🔥 $VET with 750% + gains in the last 90 days, and $VTHO with a whopping 2500% + gains in the last 90 days (CoinMarketCap). While $VET was just continuing its uptrend, $VTHO had a cool-down period at the end of March and beginning of April. Since then, it...
Vet has been going sideways in accumulation for a almost a couple weeks now after its huge run up creating new ATH's and support. I believe its just a matter of time before we see VET go on another huge run creating new ATHS and upper supports! All we have in the way is 1 FIB resistance level coming from the ATH! the longer the accumulation goes for the stronger...
VET was selling on March 2020 for 0.0015usd.
On March 2021 the price was 42X higher, 0.063usd.
What made it so valuable during this period to worth $5,409,058,840???
Who is manipulating the price?
What happened last year? Did VET saved the world from cancer?
During March 2020 and February 2021 Covid happened. And people stayed at home and didn`t spent their...
I think 0.055 is all that stands between VET and the new ATH.
Need a daily close above said level to confirm but with the current bullish momentum, I'd take a 4H close as a leading indicator of what's to come ---> new ATH!
If his materializes, a move to 0.073 would be an easy near term measured target.
VeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high.
Clear chance we could see another leg down from here unless we rally back to above 0.052.
We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts...
Looking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action.
I also used a big arrow so the market notices. :)
Have a nice weekend, all!
VET has forged a nice consolidation pattern but is still getting stalled by that 0.057 level. It seems to be a significant resistance level judging from how the market is reacting to it since FEB 13, 2021.
Break that and it becomes a significant support level.
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What. A. Week. Instead of patiently waiting for an altseason , we are experiencing imo; an allseason ! Insane gains for lots of cryptocurrencies, where today a couple of my favorites had great double-digit gains: $VET & $VTHO. Instead of posting another VeChain chart, I thought it was good to highlight VeThor Token for this time, as a lot of $VET investors tend...
Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price).
Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level...
VeChain idea containing four scallops
Some descending some ascending
While in a rising wedge this is a weak indication of a bearish move
Some chart patterns aren't respected as much, or seemingly have different success rates as others
Personally I think this is pretty bullish, fundamentally
After quite some bleeding, VeChain's TA is finally looking good again. Volume is increasing and the negative downtrend has been broken. After waiting patiently and buying more at any significant dip, I expect to see some great bullish momentum in the coming weeks. Other traders are already calling for a Cup and Handle pattern for $VET, where I am mainly focused on...
Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term.
Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that,...