On the above 3-day chart price action has corrected 80% since May of 2021. A number of reasons now exist to be bullish.
1) A number of strong buy signals.
2) RSI resistance breakout.
3) Regular bullish divergence with multiple oscillators.
4) The monthly chart (below). Take time to study the channel price action is trading in and the candle printing. Should...
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.
Local trend. Time frame 1 day. Expanding triangle.
Coinmarketcap: VeChain
Price squeeze during “market doubt”.
A zone of price squeezing in a narrow range at the moment of uncertainty (doubt) of the market in general.
Clamped by large orders in the required buy/sell range on liquid exchanges. The range is spammed with orders, basically a bot is triggered...
As you can see, VET in comparison to BTC is moving above the support zone, which has already defended the price against further declines.
We are currently moving in a local sideways trend channel, which can be used for short-term plays.
If the price starts to rise, it has a strong resistance zone from 181 to 237 satoshi on its way.
VETBTC looks HOT HOT HOT!
RSI & MACD are on our side.
The horizontal trendline should hold as support.
We might consolidate a little longer before mooning.
took a position on #VET 2D Buying signal
attempting to perform an R/S flip above untested levels since May
If succeeds and volume keeps coming in, it might try a longer run.
The comparison with Vechain against Bitcoin lets us know if this harmonic trend continues, then we should see a break out of the ascending triangle into new all rime high around December-January 2023. The exchange Mt.Gox, and the distribution of their lost 200,000 Bitcoin back to their customers will begin in August with the ETH 2.0 Merger late September! These 2...
VET looks like it'll be one of the first to run after touching the long term trend line. I don't expect it to get to ATH with macro events but definitely approaching possible buy zone
BINANCE
