There is constant bearish pressure on Bitcoin, any bullish candle is weak and dips are still very severe.
EMA200 supports the price at 25K.
Bitcoin dominance is 42% and imo it needs atleast 50% to continue it's journey to 100K so crash is very likely with the things that are happening in economy / world right now.
However BTC price is now between ema50 & ema200...
Honestly, things in the world now doesn't look very bright.
And to be honest economy is more unstable than in 2020 crash.
The FED will raise interest rates in March which can cause next crash.
It almost looks like the COVID crash, but it's longer
The crash will be the best thing that can happen now, because if it goes just up with such a high inflation, then the...
Yeah yeah, boring altcoin, for 7 months almost no performance aaargh! vet go dead! and all those saying this stuff will miss this beatiful run up.
My advice is : you do not want to sleep on VET !
Enjoy the next months.
Price predictions :
( 800% ) 1$ EOY
( 2000%) 3$ if bullrun extends to February 2022
Quick recap :
- VET about to be used by one of the biggest logistic companies in the world
- EMA 200 held the price from falling
- VET is in the gigantic bullish triangle and breakout is going to pump the price hard
- BTC near all time high as well
Just a TA of possible Moon to the 0,22$ and potential to 0,34$ ATH
+They are launching a Casino , which will be huge Play to Earn and will increase utility of this token.
If BTC behaves nicely then it can moon easily.
NFA and DYOR
Golden ema cross or bull trap ?
If crypto market continues to go up and BTC behaves nicely i don't see VET hitting 3$ a problem. it can be real.
bullish ema cross of ema50 and ema200.
Bar pattern from last cross makes 2000% !
For this analysis to be legit is needed bullish close and touch at least to 28K.
If that happens rally continues and everything goes like planned.
If not then S2F,RainbowChartBTC will fail, we have support at 20K and still a trendline in some-way.
Crypto will be less volatile in the future so every scary 50% drop is 100% profit chance, seems great right ?
CKBUSD is moving inside pitchfork channel and the price is near average support (green line)
BUY only after breakout until then nothing is confirmed.
my targets are :
0.25$ FINAL target.
Why this analysis can be true :
- parabolic move is still valid
- we bouncing off from double support
- trendline support and parabolic support
So do not miss this great opportunity !
*NFA an DYOR only my POV !
Bitcoin is acting very indecisive last 2 weeks and is making wrinkles for investors.
Currently the price of Bitcoin is 43K$ ,but standing at very important point.
We can go lower to 40K and test last high.
If the price breaks under ema200 it's still okay, but if ema's do bearish cross then
we can say that bear market is here.. maybe for 2 years maybe for 6...
Can history repeat itself ?
As we can see in the past we had similiar situation,
big green candle then some correction and then the rally started!
Today's candle was mainly because of the Korean Won Marketplace,
and for deposit of 3000 CKB you get 1000 CKB airdrop for free!
So that is reason for today's massive increase.
CKB is still undervalued in my opinion!
1 CKB = 1$