Another cyclic structure is playing out on the VET/ETH charts.
Based on previous move lengths, I am expecting a VET/ETH peak at some point in the green box after hitting the yellow box.
RSI also suggests that we have hit a bottom.
hey guys, I have been doing some TA on vechain lately. A major spike in price is coming for vechain.
Not in the upcoming days but upcoming weeks;). Look at this Vet/Eth chart => It looks amazing. Most indicators are turning bullish right now and vechain is headed for a 4th high imo during the next couple of weeks/months:).
I can't find that I shared this before, but I did elsewhere..refer to my profile.
I did stumble onto this with my curiosity and there is a clear pattern that can be leveraged.
On this 2 day chart, I marked out key points to know when to flip from ETH to VET as a strategy.
Obviously one must look at ETH and VET charts separately to ensure the correct...
Seems to be in a bigger forming cone that tests the top trendline multiple times. Another test of this could be underway. Only time will tell.
Seems to be curling though for it's next pump against ETH.
Possible breakout around November2021-March 2022 , if bitcoin heads to higher local tops easily Vechain will have a parabolic run towards the phycological target of $1-2 easy
Seems unrealistic and demotivating now..
Just give it time patience stay away from the charts and go play in the park or playground
Interesting trends forming on several VET pairs. VET has moving sideways since 3rd week of April against USD and BTC and are now forming a symmetrical triangle, which could indicate continuation of uptrend.
IMO the pair to watch is VET/ETH...descending channel since mid April, now wedging, could indicate reversal of downtrend. Bullish divergence on 4h +...