VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for...
Having a close look at VETUSDT
Long is the price breaks above the blue line.
Short if the price breaks below the white line.
See where BTC takes us
We can see Bitcoin going down to 40k and lower tonight or maybe tomorrow.
Will keep you updated with targets and other jazz if there is a price break!
VETUSD is now one of the most undervalued coins in the market while at the same time having one of the strongest technical supports to start a multi-month rally.
As you see on the chart, the price bounced 10 days ago exactly on the Higher Lows trend-line of the Fibonacci Channel and broke above the 1D MA50 (blue trend-line). The sequence resembles a lot the early...
Pattern: Fibonacci Channel Up on 1D.
Signal: Buy as the 1D MA50 has been supporting an uptrend since December 2020. The RSI rebounded exactly on its Higher Lows trend-line on its own Channel Up.
Target: 0.40 and 0.60 which is where the 4.0 and 4.5 Fibonacci extensions are respectively.
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