Vechain failed to break resistance and now faces an extended tumble based on ETHUSD movement.
A whopping 40% drop for VETUSD seems plausible.
Other coins may be in a similar boat...
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VETUSD: BEST Level BUY/HOLD 200%+ gains (SL/TP)(NEW)
i see September and October and November as a bear market with little up and down with coins , after long way from march till now which we was on bull run and all coins are make beautiful gains so i think market need some bread time till end of the year. thats my personal belive . so for vet token price betwin ( 0.007 - 0.009 ) is what i think if we don't see...
This analysis is over the long-term time frame - weekly.
Weekly looks bearish, buy zone is between .006 & 0.009 - a widespread but…
price action will dictate entry.
I trade 3 patterns:
1. Bottom feeder pattern (Long)
2. ABCD pattern (Long)
3. Run & Fade pattern (Short)
4 signals needed to pull the trigger: (triggers come from 1-minute time frame once the time...
Since my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4....
ahh the old inverted head and shoulders - confirmation needed
still vet is basking in bullish divergence everywhere
200 MA lows/highs channel rising up to support
long term resistance also available as a safety
and rising channel bottom
the market loves to wreck my lines, charts, shapes, assertions
GIVE IT YOUR BEST CRYPTO BEARS!!!
I can not find a reason...
as i said btc won't let vet to do its own move . that is a really weak part of vechain . let see we can brake out the down trend and there is possible target to downside if we keep continue this and if btc dump again
as we knowAscending Triangle are bulish pattern . but the thing is vet move so close with btc movement . if btc dump so vet will go down with it too.
for now it may try to retest 0.019 area and if we can brake this line and upper tringlle line so we may go for new target which is 0.035 area
if you line my TA please like and follow . thank you
We hit our TP on my last call of this pairing, I personally didn't take TP as I have a long term bag but the following is what I see thats up next. H&S formed on 4H and bearish divergence on RSI. Waiting for correction and a bounce from 50% fib.
I'm not your financial advisor nor am I a professional trader. Trade at your own risk.
Cryptocurrency Practice #2
1. Weekly ATR at lows.
2. Chinese buyers slowly rising for cryptocurrency and Vechain is on their sights thus creating a huge rise in volume from the past weeks.
3. Bounced from monthly oversold area.
4. Confluences with eventual BTCUSD rise.
5. It is looking to break from year long trend-line and CAM R4 breakout levels.
VET Formed an UP-Thrust Action Without Enough Momentum.. Pull Back Is Expected To Retest 0.136 Level Before Moving Forward. If It Fails To Act As Support, Expect Lower Levels (0.012 Range)
SHORT TERM REJECTION EXPECTED