This is the scenario i am expeting for VET BTC pair, as the green box is untested liquidity that is needed for another move up, if this parabolic run is "organic".
CROSS indicator catched a nice signal with a result of 270% profit long, you simple long the yellow candle and sell red or when you have your TP.
VeChain (VET) has now broken out of the symmetrical triandgle and now growing for more targets up above. The price action is moving above the major moving averages which is a very bullish sign and 21 MA is acting as a strong support indeed.
VETBTC has successfully broken out of the long term resistance trend line on the daily charts. On the weekly charts the closing is awaited for confirmation of the same by post closing on 31st May 2020.
In the meantime, our initial position has already yielded around 30% returns and more returns are possible in the coming days if the chart structure remains...
In the #VETBTC daily chart; We observe that the T3 curve and Vortex form the BUY signal, we can say that these two indicators work well together from past to present in #VETBTC.. Ma50 is important resistance, must be followed carefully.. For those who love risk, I think # VETBTC is worth watching..
Disclaimer: What I wrote is not investment advice.. Please do...
VETBTC is holding 45 sats level for now. If it manages to hold, an immediate target of 53-55 sats is achievable.
It also has potential to break out beyond 53-55 sats with a closing above 58 - 60 sats. Watch out VETBTC for some action in coming weeks. This pair could generate some good returns with a long term target of around 110 Sats.
We will update the chart...
VET/BTC is inside a clear downtrend channel, every bulls attempt to push price up is stop on this resistance line, so we will only look for long position in this asset if we break this line, and the objective is the next important resistance level.
For now we seeing a possible bullish acummulation but next to the resistance, we will wait to enter...
I can see a bearish pattern here if VET is unable to break this downward resistance and previous High at 86 sats. If VET closes below the important support level at 70 sats it will trigger bearish pressure to retest the 200 Day MA just below the golden Fib 0.618 level before rising back again.
VeChain has had a massive bull run since late October. Since there, VETBTC has generated over 100% profit.
Now the price has approached to the bull trend line.
There will be a good entry zone with low risk.
Trade instruction are shown in the chart, Please follow them.
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