VET / USDT A symmetrical triangle has formed under the downtrend secondary trend (as a pair against the dollar is a relatively short time). Which can act as a pennant with much larger target areas than the triangle. A breakthrough of the canvas of the triangle will mean a breakthrough of the downtrend line, and this is the potential for a trend reversal.
Vechain really gave a good profit this year for investor, reaching almost 0,008 usdt per token, and surely we will reach this price again, but not today, before that we will drop again around 0,0047 usdt and so the pattern has forming Vechian will be complete, a falling triangle. After that i expect Vechain will touch again 0,008 usdt and maybe reaching new ATH,...
I've been HODLING my VET several months and it saddened me to dump my bags at near break-even value. I feel VET has a lot to offer long-term. I'll be looking for buys below 60 sats when alt season hits. But BTC dominance seems to be leading supremely, so I've finally abandoned every shitcoin I had (including my ADA position last night). However, I would not be...
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.
Priceline of VeChain / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.005852 to 0.005795
Sell between: 0.005987 to 0.006190
Atif Akbar (moon333)
I touched the support point I talked about.
You must receive support at this point.
It is barely supported by the 200MA and 300MA I talked about.
You must be supported at this point.
Everyone wants to make a lot of money while trading.
It is important to select when to fall out and when to enter.
Check if you can continue to receive support from 50MA.
Check if the price can be maintained at the box interval 0.00000101 ~ 0.00000123.
You should check if you can climb with support at the key support points of 0.006020 and 0.006439.
If it falls without support, you should check if you can get support at 200MA and 300MA.
The primary target is a downward...
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.