Newath
VeChain 60% for free until mainnet launch. Vexchange 🚀Intro:
- VeChain ( VET ) is full-fledged layer 1 public blockchain.
- Since 29st of October the VeChainThor v1.6.0 is live. --> POA2.0 activation starts. Testnet Nov. 5 and Mainnet Nov. 16.
- Vexchange, the first DEX of VeChainThor launches soon.
- In circulation we have 66 billion coins out of currently 86 billion possible.
- Total market cap is currently around 10 billion and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently faces resistance around 0.145$. One might see an inversed head and shoulders pattern that is about to break out soon.
- Volume kept steady over the last couple of months. An increase is expected once we see an upwards breakout for price.
- RSI analysis shows that we are in an uptrend that confirms the current trend. We still have room to go up.
- Moving Average: Price uses the 20MA as support and it looks like we get some separation which is very bullish.
- Support lines are at 0.057$ and possibly the ascending yellow line.
- Resistance lines are at 0.145$, 0.185$ and 0.235$.
Expectation:
- We expect VET to break out above the 0.145 resistance and move up to 0.235$ within the next 10 days until we see the mainnet go live and the Vexchange active.
- End of the year prediction: We will see a 0.5$+ VET before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
SXPBTC Testing Support and Into A New ATH After Correction EndsSXP Uptrend Looks fine, a Few Tests for Support levels are needed every once in a while, No technical marks indicating a freefall.
Trade Infos>>>>>
Trade Type: Swing
Average Time: 1 Month
Wallet % : 10%
Entry Area: 8000-6000 ( Satoshi )
TP: New All Time High ( 10250 Satoshi ) - Could be changed if higher than expected when updating the trend
Estimated Profit: Average 60% - Lowest 40%
...............
Notices: 1- Sticking to instructions is better for maximizing profits.
2- check the trade type and average time... If you are not patient ignore this trade.
3- Stop Loss isn't required since we are in a bull run and Targets will be reached eventually.
4- If you are willing to take the trade with more than 10% of your wallet .. do so at your own risk ( mentioned Percentages are recommended ).
5- This is not a Self-Biased thought... it's an Analysis based idea.
SXPUSDT Testing Support and Into A New ATH After Correction EndsSXP Uptrend Looks fine, a Few Tests for Support levels are needed every once in a while, No technical marks indicating a freefall.
Trade Infos>>>>>
Trade Type: Swing
Average Time: 1 Month
Wallet % : 10%
Entry Area: 3.8 - 3.3
TP: New All Time High ( 6.35 ) - Could be changed if higher than expected when updating the trend
Estimated Profit: Average 80% - Lowest 60%
...............
Notices: 1- Sticking to instructions is better for maximizing profits.
2- check the trade type and average time... If you are not patient ignore this trade.
3- Stop Loss isn't required since we are in a bull run and Targets will be reached eventually.
4- If you are willing to take the trade with more than 10% of your wallet .. do so at your own risk ( mentioned Percentages are recommended ).
5- This is not a Self-Biased thought... it's an Analysis based idea.
Waiting ATHThe paper looks very good technically. Last time such patterns worked well. The level of 3560 can be considered as the start of the longing scenario. It bounces well from the support zone without tending to go down.
However, the position set by some players is already starting. But I don't recommend doing it in the middle of the channel unless you are a long-term investor. Target - 4000 ( 15% upside)
Analysts of the big banks even count on 4150 -4300 per share.
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BTC Going to nail New ATH (Breakout Confirmed)We are already longing BTC from 39k rebounding zone and BTC Breakout is already confirmed but some panic sellers are selling due to small correction which is obviously expected, as Correction always happened before starting of new week, so don't worry 📈
Look at the BTC weekly candles🔥 We're still Bullish ✅ BTC needs to close above 60k in this weekly candle, To nail new All time high next week🚨 You can LONG above 61k zone and targets are 65 - 70 - 75 - 80 - 85 - 90 - 98k