Vana 1111% Potential? Consolidation Continues (Trading Strategy)Consolidation as in bullish consolidation because prices have been moving up for months, the bottom was hit mid-March.
Good evening my fellow Cryptocurrency trader, I hope you are having everything that you wish to have in this moment in this time in this life.
I hope you are having a beautiful week and a wonderful day.
How are you feeling?
Good, let's just focus on the chart, ok?
The best time is now to trade.
To trade or not to trade. What does it mean to trade?
What is trading all about?
Trading is a money making job but not everybody who is trading is working. Sometimes we are drawn to the market as if by a magnet and we end up playing, or should I say "trading" but there is actual no trading involved.
Trading is an exchange, we are not exchanging anything other than clicks and numbers on a screen. Does it count as trading? Well, clicks and numbers, if these are being exchanged then it is still trading.
We are exchanging virtual currencies so yes, we are trading and we can win.
VANAUSDT. We've been on a mix between investing and trading; get your mind right!
Are you in it long-term or short-term?
It can make all the difference knowing where you stand.
If you say you will decide on the go, here is what always happens: When the time to tell is right, you say "I am holding/trading long-term." If the time to sell is wrong, prices will continue going up you say, "I am securing profits, this is a short-term trade."
For this reason, it is better to plan ahead.
Just plan ahead and, when you secure profits and prices keep on growing, it doesn't matter, you secured a winning trade.
When you secure profits and prices drop, it doesn't matter either, you just did what you said you were going to do before you bought.
Plan before buying.
Thanks a lot for your continued support.
Namaste.
VANA
Vana Will Grow Because I Say So... (Vana Or Banana?)It is a young chart, but the chart is so simple and easy that it cannot be ignored.
When we a look at a chart what are we looking for? Mainly bullish potential. A chart that looks ready to grow. A chart that says the bearish wave is over and a new bullish wave will start.
For this reason, VANAUSDT is easy.
There are no strong bullish signals. Basically there are no signals at all, but, we have price action.
VANAUSDT was in a descending trend and then goes sideways. So now we have information. We know the bearish action is over because we no longer have lower lows and lower highs. We know consolidation is happening because prices are sideways. We know soon there will be change because volume continues to drop. So, if the downtrend is over and the market enters a sideways range, we can assume that a bullish trend/wave/phase will develop next.
We can only make this assumption because we have an understanding of market cycles and keep an eye on the rest of the market. If we were unfamiliar with Cryptocurrencies are were looking at this chart in isolation we would not be able to make this assumption in a valid way. We would be able to make it but it would be a wild guess rather than an educated guess.
We know the market will grow.
We know Bitcoin is growing and we know some Altcoins are growing even three digits green in a single day. This never happens in a bear market and this happens only at the start of a new bullish phase.
We also know that the Altcoins that are breaking bullish and moving up strongly went through exactly the same pattern as VANAUSDT. They were going down and stopped going down and went sideways, from sideways turned green.
That's how I know that VANA will grow.
Thanks a lot for your continued support.
Namaste.
VANAUSDT Prepares for Bullish MoveVANUSDT Technical analsysis update
VANA has been forming a symmetrical triangle pattern over the past 90 days on the daily chart. A bullish move is expected once a breakout occurs. Additionally, a bullish MACD crossover happened a few days ago. Let's wait for a breakout above the triangle resistance for bullish confirmation.
VANA - Strong Breakout#VANA/USDT #Analysis
Description
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+ VANA has successfully broken out from the resistance zone
+ We see strong bullish candles with decent volumes. I'm expecting this bullish momentum to hold.
+ I see a good trade opportunity here, i'm entering a small position here.
Entry: 22.2
SL: 18.2
TPs: 24, 26, 30, 33
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Enhance, Trade, Grow
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VectorAlgo