Vchain
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Vet UpdateSo followed the path very well! just not the super bullish variation. BULL: Price did break above and is so far hold the line on the chart. BEAR: It bounced of the median line of the pitch fork and the outer parallel and the 1:1 of the first swing, so its hitting some markers for an ideal ZZ. But the interior count is not ideal to me tbf. That line will be important for me, staying above good for bull, bellow will be looking to short it breaks below and rejects from it.
Vetusdt is going to break out trend lineVetUsdt price movement is located in a triangle, which after the previous downtrend increases the probability of breaking the upper side of the triangle corresponding to Rsi. If the top line is broken, according to the Fibonacci lines, the intended targets are as follows:
target1: 0.1259
target1: 0.1380
target1: 0.1535
target1: 0.1981
target1: 0.2702
VETUSDT (1D CHART) - Cup and Handle PatternVETUSDT (1D CHART) Technical Analysis Update
Cup and Handle Pattern
VETUSDT currently trading at $0.145
Buy-level: Above $0.144
Stop loss: Below $0.112
Target 1: $0.174
Target 2: $0.213
Target 3: $0.249
target 4: $0.279
Max Leverage: 2x
ALWAYS KEEP STOP LOSS..
VchainPlan 1: If the support line breaks down, we should wait for the price to reach the range of 0.23 Fibonacci, which will be likely to fluctuate within the specified range. (Price $ 0.12)
Plan 2: But if the price stays above the support trend line and breaks the resistance trend line (above the harmonic triangle), we should expect the price to rise to the historical ceiling and grow 200% above the resistance trend line.
Result: In case of plan 1, save profit
In case of Plan 2, increase capital and purchase
VeChain analysisVENBTC is in a pennant and close to support. It will likely test it again before going up. If it breaks, it will retrace to the next support line, where I'd recommend an entry.
RSI supports upwards movement.
Remember to set your stoplosses when you enter: markets can sometimes be irrational.
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