#VET (VET/BTC)
Buy : 200-205
Flash Sell : 215
Short Sell : 230
Long Sell : 250-270-300
Stop : 190
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So,
earlier today we posted a small update with a bearish short term projection for our beloved VET. I wanted to present a small addendum with a different bias, drawn on a larger timeframe.
Why?
We want to consider multiple scenarios to confirm or falsify or bias either up or down. As you can see in above chart, a bullish projection on larger timeframes is...
The asset is young, with an ambitious goals to introducing cryptocurrency and blockchain into the real economy.
On the hourly chart, the first sales area is visible at the level of 0.00000208 -0.00000192. There have always been sales on a large volume in this zone. Opening long positions at this level is risky in the long term. The optimal entry points lie in the...
So,
Yesterday we missed a nice opportunity on the bounce. Lessons learned. Looking at the chart on bigger timeframes we still maintain a bearish projection. Levels to watchout for are south of 186, or north of 220.
Trade Safely
So,
VET is looking for support. Clean break towards the 185 area.
Short opened towards 165 area. Set your stop loss around 194 area, or whatever you are comfortable with.
See chart for bearish argument.
So,
small update again, will keep it simple.
RSI @50 (or at neutral, however u would like to interpret it) acted as a support but flipped to resistance around the red circle. Negative buying power just like my wallet.
Macd moving down at accellarated speed, no crossovers to be seen as of yet.
Overall bearish
Short until the next fib line. @ 185
Ps dont...
So,
After a nice 200%+ run, Vechain is looking for some consolidation before gearing up again. Chart says it all. Target @ 207 on the .382 fib line. If you have any comments or questions, feel free to reply!
Cheers and trade safely!
Technical Analysis of VET revealed that there is going to be trend reversal soon. According to various indicator such as MACD and DMI VET will become bullish in the mid term. Nevertheless, Stoch RSI indicates a small price decrease in the short term which will finish very bullish pattern Inverse Head&Shoulders. This scenario is strengthened by revealed hidden...
VET break channel up and perform head and shoulders pattern.
This is reversal pattern and if we have neckline break down, bearish target at 198
Note : This pattern will failed if 270 break up as bullish confirmation line.
We will update this analysis once we reach support or break up bullish confirmation line
VET has a nice ascending channel worth watching. It provides a good trading plan. VET bounced of lower trendline and has just had a price pump towards 260 resistance. Will it breakthrough no one knows, but if it does, next resistance will be at 269 and 278. Once these ones are passed price will pass red trendline which should provide some more volume. At 286 there...
