VeChain is Breaking out of Falling Wedge in HTF Chart. Seems like Correction phase almost Done & Ready for Bounce Back..📈 I have Already Bought a Heavy Bag of $VET for the Midterm.. Expecting 3x Bullish Rally Soon. Patience is KEY and will be Rewarded. ✍️ Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts...
VET / USDT - VeChain Thor blockchain token programmed price $1
Previous post about VET long didn’t happen. BTC dropped, taking market with it, and dropping vet into a new fib channel. Luckily, vet bounced off previous resistance of .185, but we need to see it get over that 20 ema line if it wants to continue upward. Bearish until we can get over that hump.
Been stuck in this channel for a few weeks now. If it bounces off support again we’re looking at a good 20% gain up to that golden resistance line.
We see a piercing line pattern has formed on the 4h timeline, and a engulfing pattern is potentially forming in the current candlestick. Both signs of reversal into an uptrend.
Is my charting correct? I am just a newbie please guide me.
$VET Confluent zone at around 100 sats. I expect a 30-40% move to the blue box. Falls between the daily 55ema and 200ema. Also is the bottom of the cloud. All indicators point to a retest of this level.