Formed Falling Wedge In Daily Timeframe
Incase Of Breakout Expecting 200 to 220% Bulish Move
Entry Would Be Only Valid After Breakout (Keep In mind Vet will Remain Bearish Until Its Breaks Falling Wedge)
Safe Stoploss Area Would Be Below Falling Wedge
I think this one's out there but so interesting...
A cup and handle that's proved to have happened inside a much bigger cup & handle that's setting out to happen in the next bull run. Time-wise the PA must reach close to ATH this year and then it's game on.
There's so much going in the chart. The target for the cup & handle falls on the backwards 0.618 fib...
VeChain is Breaking out of Falling Wedge in HTF Chart.
Seems like Correction phase almost Done & Ready for Bounce Back..📈
I have Already Bought a Heavy Bag of $VET for the Midterm..
Expecting 3x Bullish Rally Soon.
Patience is KEY and will be Rewarded. ✍️
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It's amazing how Vechain price charts line up! It appears that these indicators may be telling us a $3 Vechain price by New Year 2023.. and a possible $12 Vechain mid-year 2023!!! Let's wait and see 👀
Don't forget to BUY!!!!
There are so many reversal signals here that it is hard to choose where to start...
Ok. Late December VeChain (VETUSDT) printed a DragonFly Doji candlestick.
This is the one with a small real body and a long lower wick/shadow.
When this candle shows up at new lows/support, it can be read as a strong reversal signal.
The fact that it is followed by a full green...
the wave that is mentioned as "1" is a significant break of structure. 18541 percent move is telling many things; however, in order to avoid any emotional trade, waiting for a good correction is necessary. R/R ratio is not satisfactory in current prices.
IT IS NOT A FINANCIAL ADVICE
- As you can see previously VET did a 15,000% increase within 2 years!
- IF you were to invest £500 by dollar cost averaging in at around £0.02 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 25,000 VET coins!
- Now if you ware to divide your 25,000 VET into 3 sections you would have 8,333 coins split into 3!
Here we have the weekly timeframe chart of Vechain where we can cleary see what's coming up next. Market moves in impulsive and corrective phases. We are now near the end of the corrective phase and anticipating the next impulse, which we believe will tag the $1 mark.
See previous chart for lower timeframe analysis and what to look out for when entering LONGS...
Same thing happened twice before. There is a possibility that it will happen a third time. made an upward attack on every trend break. It is educational work. It does not contain any investment advice. just my own thoughts.
From looking at Vechain on a log chart, we can see that we're still within the ABC correction, held down by the red descending trend line.
in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic.
We are now in wave 5 and we're expecting to see 5 clear waves down.
An important thing to note is that in Elliott waves, wave...
VET has been accumulating since the 17th in the region between 0.01704 and 0.01624. As soon as it manages to pass through the reddish cloudiness of the Ichimoku Cloud, it will go in search of MM200, following the supports and resistances.
S: 0.01662 / 0.01626
R: 0.01699 / 0.01804
VETUSD looks mega bearish.
The price got rejected from the resistance multiple times.
To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold.
In case of playing short position , we recommend taking profits at support levels (red lines).
Probably many persons will think...