Huge volume. Very popular coin right now. Bullish FA, with lots of partnerships. Unique use case.
Just broke out of rising wedge, which is normally a bearish pattern. Link doesn't care. It broke out and retested the upside. Continuation expected.
Exploring new price levels now. Just gonna go for a psychologically satisfying 40k sats here.
There was an expected and perfectly healthy retrace.
It broke out of the falling wedge that this retrace created. The MACD has crossed bullish. There is a hidden bull div as well.
Bitcoin will likely keep going. As I see it, the next resistance of $17k is still in play.
VET is trading in a huge falling wedge, which is quickly becoming very narrow.
A bull div has formed, thanks to the retrace from the Walmart pump.
It might bounce around in the wedge for a little longer. Eventually it will break out on the upside. There's too much bullish FA for it not to.
This is a long term idea that will play out over months.
VET is currently bouncing on the 0.5 fib line of the retracement on the Walmart pump.
I think it will do a continuation from here, up to 110 sats, which would make it break out of the falling wedge it was in previously.
Long signals: falling wedge, golden cross on macd.
Short signal: hidden bear div.
Being a large cap, VET doesn't respond so much to Bitcoin's volatility. It's likely do its own thing and keep ranging within the falling wedge for a while.
It will bounce back to mid 90s, where it will come up against resistance, which will eventually break out. The break out will...