Parabolic move plus overbought RSI and some other things lead me to think there will be a pull back to 0.0125 at some point in the coming days, possibly even to the trend line or as low as 0.0089. Then continue upwards trend. Very bullish project long term also FA wise. Note: target arrow sizing saved a bit wonky, but range is 0.0089-0.0138
Hi There Fellow Traders,
WE wanted to give you an update on VET/USD
still running nicely after the signal was given a couple of days ago.
Again a clear example of why our indicator is such a powerfull tool.
VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT).
- #VETUSD has retested previous resistance and it now stands as support!
- Looking for VET a potential 1000%...
Hope some people have taken benefit from the 1st analysis on Oct 8th as per below. It has taken longer than expected but has played out exactly as anticipated. Patience is key.
NOW Next target and possible but opportunity.....
Expect price to pullback and...
vet looks very similar to the bitcoin 2015-2016 playbook
will it continue to match the path or will it find a more vigorous, or less vigorous path
notice three valleys and a retest of the breakout
this is where vet is at the moment
what do you think of the resemblances
not financial advice
Key zones to buy VETUSD or VeChain.
0.0085-0.0095 has been historic resistance on many occasions. Expect this level to be respected as a support going forward for the next leg up.
Also, break of the descending channel will confirm the setup and will resume the bull run that started around Apr 2020.
Worth keeping an eye on.
Potential to break from downtrend in the next couple of days and it will be interesting to see the PA if we close a daily above trend.
Buyers could jump in and push straight through any resistance here but my thoughts are to remain patient and try and catch a positive retest on previous support.
I'd be happy with an entry around 0.0096...