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VENCHAIN/TETHER USD

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VTHOUSDT trade ideas

Vethor Projection and rising scallop. In this idea I am investigating Vethor and seeing what kind of profit we can project for stake holders of VET. So looks like we got a clean Ascending Scallop and we will see some decent movement. Not a lot compared to other coins, but when you get Vethor free just for holding VET doesn't much matter if the interest token goes up as it is best to take what you can get. If you agree throw me a like and follow me for unique ideas and Charts that keep you in the gains! - Much love to my supporters ND
Long
by The_New_Disciple
VTHO/USDVTHO update and a quick look to the future opportunities that may arise, not just VTHO but all crypto assets, because downtrends don’t last forever. Here is a closer look at this VTHO 1 day chart. At the moment VTHO is below its Least Squares Moving Average (LSMA) on this 1 day timeframe. A daily close below the LSMA is considered a sell signal. At the moment, VTHO is fighting to stay above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. If VTHO closes below the BB Basis and re-test it as resistance then we should expect VTHO to drop to its BB Lower Band level. VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) fro the fixed range of 5x daily candles that i have selected. Zoomed out on this 1 day VTHO chart, the Volume Profile Visible Range Point of Control (VPVR POC) is around $0.001480. For your viewing pleasure i have added various support and resistance areas as highlighted by the Horizontal Black Lines with Yellow shading. I have also added 2 descending support lines (Blue Lines on chart). If we look at the Average Directional Index (ADX DI), we can see that Positive Momentum has dropped with the +DI (Green Line) dropping to 24.29 but Negative Momentum has also dropped with the -DI (Red Lien dropping to 19.04. The Trend Strength is weak with the ADX (Orange Line) at 19.19 and still under its 9 Period EMA (Black Line) and now under the 20 Threshold. We need the +DI (Green Line) to stay above the -DI (Red Line) on this 1 day timeframe, if not then further downwards momentum will continue. If we look at the STOCHASTIC Indicator (STOCH) we can see that momentum is slightly upwards but i would say sideways within a range at the moment with the %K Line (Blue Line) still under its %D (Orange Line) which is a further sign of upwards strength weakness. Not that the %K Line (Blue Line) still has room to drop before becoming Oversold on this 1 day timeframe. Be on the lookout for when the %K Line (Blue Line) strongly crosses back above the %D (Orange Line) on strong volume. At the moment, like most other cryptos, VTHO is under the influence of BTC. With this mid to potentially long term downtrend, a lot of opportunities will soon arise because downtrends don’t last forever. Previous Volume POCs will potentially become new POCs and become area of strong volume control, be tested again as support and if it holds, it can again offer opportunities to allow you to acquire your crypto of choice at an unbelievable discount. From the 9th Feb 2021 to 16th April 2021, VTHO did a massive rise from its POC starting around $0.00145 and eventually rising to $0.02738………. That is around a 1794% move up! You want to buy near the BOTTOM of that 1794% and sell near the TOP of the 1794% This is just my opinion but a lot of people seem to get caught up in the hype of BTC and ETH and foolishly ignore the low cap coins that can potentually offer much higher returns and i believe that cryptos like VTHO and a few others can offer that once again, especially after this downtrend is over, even if that downtrend takes a year or 2 because we have to factor in what is happening to the economy at the moment, because like it or not, when the stock market crashes……. BTC and most other cryptos will follow. Diversification is key. I hope this is helpful with your trading and hodl-ing.
by entertheroach