ANALYSIS
On the VET/BTC we are in a potential inverse head and shoulders pattern on the daily timeframe. The final shoulder has yet to be confirmed so this pattern could fail to complete. Interesting VET has landed on a support trend line formed since early February.
TARGET
Target would be 0.00000637.
Disclaimer: Not financial advice, just amateur observation....
While Bitcoin dominance is pumping! alt bitcoin starts to look weak for the short term.
Do u see the similarity?
Hold 0.00000325 sat as the support we could give another try to break the downtrend resistance, below low the resistance be careful
Next best Support are 0.00000303 - 0.00000281
Key resistance at the moment 0.00000253 - 371.
USDT value should...
Trading suggestion:
". 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."
Technical analysis:
. 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...
There is the possibility, even if weak, that it will quickly return to 242 sats, however it is, in our opinion the SIA price will appreciate against the king.
The Idea is based on fibonacci( we are on 0.618) gann fun, time cycle, MACD and william %.
We believe the price can reach easily the area between 445-469sats.
Enjoy it.
VET is following that lead and forming its own version of ascending triangle just like most the altcoins at this moment, so those trend lines provide potential trade setups. Eyes on 354 sat flip this as the support we have a nice trend change.
Local support 329 sat.
Based on my previous idea about btcusdt situation i see vet is going to move hard, the resistance line is an old strong resistance plus as i see there is a massive triangle
Wait for btcusdt then you can apply your setting on vet for greater rewards, however u need to consider the failure of your chosen assumption on direction cuases big losse so go by little...
Im taking a long here on VETBTC pair, as a small speculative position that I hope I can build into a larger hodl position if markets start to recover. Otherwise, I will be happy to treat it as a scalp and take whatever profits the markets offer. The reason Im taking this long trade is because VETBTC broke above the neckline of the inverse head and shoulders...
VETBTC lookin very bullish and cant hide its potential hidden bullish divergence on the daily any longer. To me its lookin like reaccumulation at very high price levels, with a sell wall at 400 sats. If VET can manage to break the resistance, it will most likely go straight to the previous ATH and hopefully break it. Im in this trade shown above right now and just...
Hi,
New post on VeChain.
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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...
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.
