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 +...
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. VETETH 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...
Reversal trades are inherently low probability but they offer the best risk-rewards so we always hunt for them. That said, the VETETH pair is looking better in this regard:
1. Market has rejected the low for at least 4 days in a row now.
2. Today's candle opened at a higher low
3. Today's candle is now a big bull candle with price back inside the descending...
From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal.
Just needs to break that neckline around 0.0000233
VET ETH Looks ready to pop
I think there is a fractal pattern in the ribbons and other things here that makes this a good chart to look at.
Although ETH is bullish, VET looks like it might gain on ETH for the mid term.
Still OK to buy I think.
Targets are on the chart.
. There is a possibility of temporary retracement to suggested support line (0.00002655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. VeChain / Ethereum VETETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts...