As you see after i called the top on vechain it dropped %40. Now it is in short area again. And i am going to short again. Nice risk to reward. It should retrace more according to some fundamentals. Follow, like and share for more...
VET/BTC VET closed below the upward trend-line of support and barely holding beside it. VET coin is now due for a longer pullback to consolidate between 0.382 - 0.5 Fib Support. Market structure is still valid bullish as the price is trading above all moving averages especially the 200 Day MA.
Looks identical as for previous golden cross behavior. I think its just shake out, I am very bullish. Not financial advice. Do you own research.
Tracking...
Price action of Vechain / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone. This PRZ area can be used as stop loss point in case the complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 0.006224 to 0.005999 Sell between: 0.006751 to 0.007554 Enjoy your...
Cryptocurrency Practice #2 Confluences: 1. Weekly ATR at lows. 2. Chinese buyers slowly rising for cryptocurrency and Vechain is on their sights thus creating a huge rise in volume from the past weeks. 3. Bounced from monthly oversold area. 4. Confluences with eventual BTCUSD rise. 5. It is looking to break from year long trend-line and CAM R4 breakout levels. 6....
The VeChain chart on the weekly has a nice double bottom. Also a cup form and the handle is forming. When this happens and the neckline breaks. It can run up to double the price at least, or into the next value area, wich might be the previous all time highs. The tech behind VeChain also looks very promising and the adoption is going well also with China.
As you see vechain hit the golden zone, and probably doing some corrective moves. I am gonna watch it. And let you know. If you missed the train wait for the train comes to you, dont jump in to it. If price act like correction i am gonna be shorter. Lets watch together. This is not a financial advice. Follow and share for more.
$VET right at POC that probably will act as resistance. Daily chart vs $USDT
As you can see, buyers on the ACC/DIST Indicator now match patterns set in July 2019, before the dump. However Vechain is in a much stronger position this time round, to avoid this scenario playing out again. Regards EWH
VET/USDT LONG SET UP ENTRY 1 .0060 ENTRY 2 .0030 SL .0003 TP.1 .0098 TP.2 .0120 TP.3 .0180 TP.4 .0220
accumulate pullback for 1st target
I recently posted my 100 day forecast of VET, in this I stated that VET would continue it's downtrend in no great detail. Here is a deeper analysis of why I initially thought this. Based on the facts i see. Now if you look at the one day chart over the past 211 days you will see here I have established the historical trend lines. Please note that the...
ACC/DIST (-152mil 30th July '18, -5.4B today) is a strong indicator that Vechain Thor will continue it's downward trend into the near future. Also moving average against the USD is showing strong volatility. On a positive note, China's big announcement during the week that it will be delving into the blockchain world. Created a positive spike in volume for VET...