Hi. This is my first idea.
When i looked at the technical data and reviewed some news in two weeks, i guess this move will happend to vechain.
Thats just my idea and its not for trade or buy or sell.
Share you opinions with me.
I am long on VET from 0.130808, and my Stop loss is 0.13100 which is in profit (Breakeven), its a risky trade. Do your own research.
As you can see it has already broken the trend line, so lets see if it can break it to the upside, so be cautious, its very risky trade.
This is really interesting. There was a clear trend channel for about a month between Feb 28 and March 28th. Then it fell below the bottom support trend line for a bit and then not only reentered the channel but reacted on both the old support and the old resistance.
I'm mostly just sharing this because I find it fascinating.
Clearly still in a bullish trend...
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Looks like we're going to break out above the channel. I'm shooting for $0.23 as the next target (intersection of 1.618 level of fib channel, and 1 level of fib extension). seems likely given the bullish trend and an undervalued coin. also expecting VTHO to advance in response.