Well whatever it is, this is definitely not a cup nor a handle, let’s break it down. We sure got one thing and that’s the trend, all vet needs at this point is a trend reversal and what marks the continuation of a trend, Well bingo! Yeah right! Symmetrical triangles.
Now let’s break this beauty down:
1. We got a established trend, well in crypto things are a bit...
VET has just come off the rebranding of VEN on it's own blockchain. Binance announce news of a 100 million VTHO airdrop for VET holders on August first. As a result, a bull flag has formed. The pole is roughly 70 sats in length so on a break out, 400-410 sats is possible. I would set my buys at the 50% retracement of the run and a stop loss a little past the 61.8%...
Yo Traders ... what up ?
Coin burn versus Re brand ? I defiantly would go for re brand , when it comes to buy low and sell high sort of things , BINANCE:VETBTC the coin that has grown over 2200% in the past , the price hit almost $9.00 in mid-January and could very well reach that price again thanks to a re branding , teaming up with Japs giant telecom ...
VET has been trading in parabolic pattern and the pattern just broke out and presntly going for a first attempt re-test.
Fibonacci extension bounced off 178.6% level, that is great support.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
Join our discussion room for more about...
Y crypto nation what up ?!
VET is making some massive headlines ! it's all over china ! mother Theresa ven chain , you should look it up , the news is massive . vaccinating 30 million citizens in china ... any how we did some osum trading yesterday and book +10% in our telegram channel t.me . I am a kinda bend with the trend guy but i am deeply in love with...
Not too much history/data on VET but from an Elliott Wave perspective, it could potentially be a good trade with a great Risk/Reward ratio. Clean 5 impulse waves up and ABC correction with good sub-divisions. Bullish divergence on 1hr RSI. Target #1 for a more conservative Wave 3 target.
Entry - 263-279 Sat.
Target (short term) - 288-299
Target #1 - 353
Target #2...
VET is at the critical point of decision whether to continue growth or test lower supports.
This chart is useful only if you see it in next 30 mins. As you see we're about to get to the end of the triangle on 30 min chart.
Watch VET closely, shes a fast mover.
Tonight (2018-08-01) at 00:00 UTC Binance will make a snapshot of their VET holders and airdrop them VTHO in the upcoming week. This might lead to a pump and dump scenario for VeChain Thor. I expect a run up leading to the snapshot and a dump right after. I'm holding VET long term, but might sell a portion right at the peak and buy back at the fckin dip. Article...
