Hello guys, as you can see in my post we have been rejected by every EMA since the summit highs (160 sat~). Followed by a WXYXZ (Eliott wave theory count) downward trend there is consolation ongoing in an ABCDE triangle formation. We are currently trying to test the 25 EMA (turquoise line). If we keep holding above there are great chances to go for another attempt...
VeChain (VETBTC) is now trading within a falling wedge. This is a bullish pattern and can produce a strong breakout.
We are seeing increasing volume and an attempt to break above EMA10, these are early signals of an upcoming move to the upside.
BUY: 84 - 92
NEXT SUPPORT: 80
STOP: Close weekly below...
We are doing Analysis of VETBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
If we're going to see another cryptocurrency bull run, VeChain is one of those cryptos with a very active community and a strong price support. VET is something I've been accumulating throughout the bear market, and have increased my stack by nearly 500% since I first bought. I continue to occasionally accumulate through redistribution of other coins. In my last...
Quick update on VET. My bullish idea still stands. If the bull market is beginning (hard to ignore that this might be a possibility, for those still on the sidelines), given the strength of the VeChain, as well as its comparable token supply to XRP, I think we could see a really massive move for this coin. This means new highs are even possible. I know I'm being...
VET/BTC has reached its lowest price right now
Buy the dip at this current price level
Two targets, short term at 20% gains, and 90% medium-term gains
Reversal indicated by RSI indicator
Good luck and thanks for the likes and comments
#VET is looking very bullish once again after our call at around 90 sats on May 27 is showing a good progress breaking out of the formed downward channel trend on the daily time frame. For now we might see some downward push downs which might further go down to the area between 98 sats - 100 sats for a testing of the line which was the resistance...
$VET I like how this is looking...
Double bottom at support level around 82sats
Volume looking nice
Massive RSI & MACD divergences can be spotted (both rising aswell)
Really nice room for movements at this level
Pay attention to that descending trendline breaking..