Mohsen_Abbassi

Mohsen_Abbassi

Salaam Good day VET not seems good totally especially for the last day's wick that rejected the daily key level and channel's resistance. Now VET is located in 2 channels. The purple descending long term and light blue 4h ascending one. The idea will confirm if the daily candle close such as this bearish engulfing. in the case the targets are 4.5, 4 and 3.5c...

Mohsen_Abbassi

Salaam Despite impulsive downside move, I think here is good buy area. Just above the long-term channel. Good risk rewards Good luck

Mohsen_Abbassi Updated 

Salaam Link broke the descending channel but can't break the 14.4 resistance. Still keeps above the channel but it seems that going to retest the channel. It may be returned back to the channel and even retest 13.5 area. Note that 4h closing matters and 4h candle should close above the channel, otherwise the setup will be invalidated. Regarding 1h and 4h price...

Mohsen_Abbassi

Salaam LINK still respects the channel. There is not any confirmed setup. But for now, sell has more odds. To buy, waiting for a close above the channel or the resistance line at 14.4 is a better idea. Totally, another retest of the bottom or some lower is possible. Good luck,

Mohsen_Abbassi

Salaam There is a good setup. A bull flag inside a descending channel, both are bullish signs. The projected target showed in the chart. Good luck,

Mohsen_Abbassi

Salaam ADA stands just above key level support. Also makes a descending channel. This is the third touch of support. Waiting for a good bounce. Break the channel good accelerate the rise! Close daily candle below support will invalidate the setup. Very good risk reward. Good luck!

Mohsen_Abbassi

Salaam I bought here at the support line. and because of the good risk-reward ratio. Let's see if it could hold this time or not! Good luck!

Mohsen_Abbassi Updated 

Salaam good entry IMO. but 1h candle should return back above the channel. close below the support also invalidate the setup. Good luck

Mohsen_Abbassi

Salaam The total crypto market doesn't seem good at all! VET broke important key levels clearly and most probably going to test the next support. I open a short position below the level at about 0.05 Manage your risks and don't fear to close trades in loss! If you are sure about breaking a level!

Mohsen_Abbassi

Salaam There is a descending triangle in 1h that could send BTC down to 36500 area. RSI indicator also crosses down the moving average. Manage the risk!

Mohsen_Abbassi Updated 

Salaam Good day VET makes a descending channel that is also considered a bull flag or reversal sign. now VET broke the rising wedge that coincidence to the channel resistance and returned. I focus on the 0.05 area which is a long-term's key level and target of the rising wedge. Do your analysis first before entering any trade. You should have enough...

Mohsen_Abbassi Updated 

Salaam ETH is located in a descending channel that is a bullish and reversal sign. I prefer to buy at the channel's support line that is near the long-term key level at 2620. Also, could wait to break the channel to the upside. Manage the risk, Good luck,

Mohsen_Abbassi

Salaam Link are gong to break the descending channel. You cold wait for break and retest but personally I've entered. Good luck,

Mohsen_Abbassi Updated 

Salaam We have broken rising wedge just below the resistance but not falling enough?! I think it may top off the last local high and then begin falling. It could be a good idea to scale out your longs. Note that this is only a possible scenario and there is no certainty. Good luck,

Mohsen_Abbassi

Salaam We have broken rising wedge but not falling enough?! I think it may top off the last local high and then begin falling. It could be a good idea to scale out your longs. Note that this is only a possible scenario and there is no certainty. Good luck,

Mohsen_Abbassi Updated 

Salaam There is a good falling wedge in the VET chart just above the support. Let's see,

Mohsen_Abbassi

Salaam I bought it at 2870. till 2900 hold, it could bounce. break the flag to the upside and bounce some. Then after should check the price action and how impulsive this probable bounce. Good luck!

Mohsen_Abbassi Updated 

Salaam After falling last day, it doesn't seem any rejection and bouncing! VET going to make a rising wedge in 15m. break it and could go down about 10% from here! I'm still waiting for a good buying opportunity. Do your analysis first before entering any trade. Because you need efficient confidence to hold a trade and give good decisions. Good luck!