New post on VeChain.
FA = TOP
WALMART CHINA launched the 'Walmart China Blockchain Traceability Platform'.
Running on VeChain, over 50 different product lines are tracked using IoT and blockchain from source to the retail stores (source).
BMW already uses Vechain for their 'BMW Startup Garage...
". There is a possibility of temporary retracement to suggested support line (0362).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. VETBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
XLMBTC Fractal in VETBTC
I spotted an interesting Fractal in VET I remember from the last cycle 2017-2018 of XLM/BTC
Different cycle, different asset and says nothing about the USD values.
Fractals do not always play out at the same rate, scale or even at all.
Posting for future reference.
VeChain seems to be forming a cup & handle pattern on 1hr chart (VETBTC pair). The pattern target is probably at the drawn fibonacci level, 0,00000170BTC.
This is around 32% pump from the top of the handle, and approximately 47% pump from it's current price. If the bitcoin price stays put more or less, that would put VeChain to 0,10$. We would see history in the...
So if you recall i have been following this VETBTC cycle of 15% down then 60% pumps since around the 9th of march. VET is quite consistent with how it climbs, so much so that i picked the last 208 dip to the exact satoshi (ok there was some luck and guessing involved!) but its been a fun pattern to observe.
So many of these have hit targets lately... Almost feels too easy.
Target 151 Sat (+74%)
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Had another look at the VET/BTC pair and we have a cup and handle breakout with a 80% target. VET is an insane rocket ship and didnt even reach its opening BTC price. I project this target to be reached in the next weeks as VET has a lot of gas left and is one of the most bullish alts; it has hype and fundamentals. Perfect.
IMPORTANT: this is not financial...
Vechain will meet the 200 day EMA resistance to Bitcoin before Christmas. If a strong break occurs, and a momentum wave bounce off trend line in market cipher B (bottom half) there is a quarter to third of a year potential for 108% Return no leverage. If it breaks it's current break out to the downside after rejecting off of 200 day EMA, it is very likely that a...