This crypto space has become very toxic over the last year and a half. I wanna distance myself from all the drama going around here, cryptotwitter, the rollercoasters of others, the pump and dumps, the boring price action, the sleepness nights of alarms going off, hurting people, lying to people, being cocky and trolling.
I mean, all those things haven't done me...
With VET dropping almost 70% since July 27th, things are becoming really interesting to step in at a discounted price. As you can see VET is forming a bullish wedge and is oversold since August 2. MACD is indecisive though. I expect VET to drop a little bit more towards the 90-100 area before breakout. But it's also dependent on BTC of course. What kind of worries...
4Hour
Looking t our trend timeframe we see price is remming in its downtrend, stochastic rsi showing momentum has yet to peak. A 4hour close above 150 satoshis activates our trade, if rejected at this level expecting price to continue to fall towards 50 satoshis.
Wave 3 is an extended wave (4.25 × wave 1) and should end around 150 sato
Wave 4 =0,236 or 0,382 or 0.5 retrace of wave 3 .(182 or 218 or 240 sato)
Wave 5 have to be 1 or 1,618 or 2.618 × wave 1.
