Said level is a the highest monthly close since the low this year and should be a key level for both bulls and bears. We should see some bullish follow through after a weekly close above that price. Else, market could get into a trading range between 0.0143 and 0.0174 before making a decision to go higher or lower. I still think the bulls still have the edge here...
Entry within the weak uptrend. Looking for another bounce up to break the channel for a second and final time.
VET CUP & HANDLE formed - expect gains!! Should play out in the next week. Market is bullish and so am I. A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with...
Watching out for a second leg down but as long as buyers defend 0.0143, I'd say we are going higher in the near-term.
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should...
Just when you thought this was another fakeout, the market gives you the fake fakeout. :) Sometimes we see stronger moves after a double fake like this. Bulls will want to see a close near the high for today's candle. A probable higher high after that (>.012).
Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another...
Bullish divergence on weekly time frame. Long term buy signal. Daily and shorter time frames are also solid. Extremely bullish on Vechain, Mainnet transactions have seen huge growth recently.
VeChain VET Busting out of Bullish Wedge at 618 Fib Support Weekly timeframe
Letting the chart speak for itself. Target/resistance levels already marked.
Hey friends, hope you are well and welcome to the new update on VeChain Coin. On daily chart the priceline of VET coin was moving in a falling wedge. Finally the price action has broken out the resistance of this pattern. The volume profile is showing very low interest of the traders in the area where the priceline is moving therefore the price action can move...
Last week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern Little choice for the market but to break out. Question is, which direction? :) PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.
My sell zone and target for VeChain. I belive VeChain is putting in a bear flag right now. A break above the resistance would invalid this set up. (Not financial advice)
Here are the structures and levels I am watching. Still in a pullback from that August high. Needless to say 0.01 is key level here and a bounce here would not be unreasonable given how the market has performed against the level in the past 5 weeks. Let's see if the bulls can hold the level in a weekly closing basis. Weekly chart:
My buy zone and target for VET (Not financial advice)
Hey, friends hope you are well and welcome the new update on Vechain coin. On long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction the price action of VET broke out Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well. On daily time period chart the priceline is moving...
Broadening wedge forming and we are about to break out and backtest it as support again !!1