POTENTIAL VeChain BREAKOUT! [VEN/BTC]
Potential breakout here.
1 DAY TF
Fundamentals
1/2 Resistances overcome, just got the 0.5 FIBLINE resistance to tackle now.
Ascending Triangle
A good ascending triangle is a nice indicator that we could go into a solid uptrend.
MA
Just above the MA, but has flattened out, this indicates we could go either way..
Volume
We need more volume.
~~~~~
4H TF
All indicators
All the indicators I have used show bullish progression, MACD cross, sqzmom, rsi in good place, ADX looking to establish itself.
We now just wait for confirmation before buy ins.
Conclusion
~We got denied a breakout earlier in the triangle, but given we are heading towards the end of the triangle there is a higher probability we could breakout.
TP1: Green dotted
TP2: Orange dotted
TP3: Red dotted
Stoploss- just below horizontal resistance, set where you're comfortable with.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
1 DAY TF
Fundamentals
1/2 Resistances overcome, just got the 0.5 FIBLINE resistance to tackle now.
Ascending Triangle
A good ascending triangle is a nice indicator that we could go into a solid uptrend.
MA
Just above the MA, but has flattened out, this indicates we could go either way..
Volume
We need more volume.
~~~~~
4H TF
All indicators
All the indicators I have used show bullish progression, MACD cross, sqzmom, rsi in good place, ADX looking to establish itself.
We now just wait for confirmation before buy ins.
Conclusion
~We got denied a breakout earlier in the triangle, but given we are heading towards the end of the triangle there is a higher probability we could breakout.
TP1: Green dotted
TP2: Orange dotted
TP3: Red dotted
Stoploss- just below horizontal resistance, set where you're comfortable with.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
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