VECHAIN soon to breakout for May 2021
21 EMA is awake now since it has been dead for 2 weeks.
Money flow keep coming out, making selling power stronger than buying power. However, price action is still increasing. Looks like big whales are slowly selling their shares at a rate that small fishes barely matching up to it.
Surprisingly, momentum wave is still not crossing down.
Momentum wave keeps crossing up to 0-100, instead of crossing down to 0 - (-100) for good buy entry.
Basic bullish pennant triangle spotted, price entry from ATH and most recent low are used as reference points.
Fibbonachi retracements. Price entry between 0.2 to 0.3 fib retracement levels.
Price Entry Long: 0.20669
Profit Target 1: 0.22075
Profit Target 2: 0.26257
Profit Target 3: 0.27663
Stop Loss 1: 0.19263
Stop Loss 2: 0.24851
BY this week (3rd - 10 th May 2021), we will see a breakout.
Money flow keep coming out, making selling power stronger than buying power. However, price action is still increasing. Looks like big whales are slowly selling their shares at a rate that small fishes barely matching up to it.
Surprisingly, momentum wave is still not crossing down.
Momentum wave keeps crossing up to 0-100, instead of crossing down to 0 - (-100) for good buy entry.
Basic bullish pennant triangle spotted, price entry from ATH and most recent low are used as reference points.
Fibbonachi retracements. Price entry between 0.2 to 0.3 fib retracement levels.
Price Entry Long: 0.20669
Profit Target 1: 0.22075
Profit Target 2: 0.26257
Profit Target 3: 0.27663
Stop Loss 1: 0.19263
Stop Loss 2: 0.24851
BY this week (3rd - 10 th May 2021), we will see a breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.