VET - Key Reversal Zones 🚨VET is approaching 2 key reversal zones which should be paid close attention to.
VET has been making higher highs and higher lows indicated that we are in an uptrend. Naturally we'd want to see another higher low to indicate that we are still in a bullish trend.
The first area is the parallel channel support. We already tested the 61.8 fib but we can hover here and spike down a little more before moving up.
The other important area is the 78.6 fibonacci where we have structure.
Watch for a clear bounce off one of these two levels and enter with stops below the rejected area.
Target the recent highs as first target and then HODL the rest.
VET
Uh oh VechainVET looks really ugly right now. Just broke out of wedge and below horizontal support. More pain incoming IMO. PT is .11.
DYOR and GL!
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VET 1 step down 10 STEPS TO THE MOONi see vet going down, following pattern before, a deep higher low. trend lines are same size. expecting a 45% ish drop like we saw last time and then thicc gains after. buy limits in place
coincides nicely with fib and daily demand level and trend line. lotta confluuueennnceeee. NFA but 125x is only option here
only take this set up if u like making money
$VET Aiming for a new ATH*THIS IS NOT FINANCIAL ADVICE*
$VET is a Top 25 cryptocurrency and has yet to see the real price action..
Integrations with Walmart in China, DHL, and other major corporations.
It's a leader in the logistics x blockchain forefront.
It's obviously here to stay and will soon be in the top 10.
In this chart, you can see where I highlighted a pattern before the April/May run
and where a similar pattern has occurred over the last 2 months.
That run increased the price around 840%
VET is now looking to flip this ascending channel trendline as support before a continuation to the .236 fib line.
I predict more resistance at the .25 cent range before entering price discovery and reaching as high as the .70 cent range. (~840% increase from the bottom of this run)
VET will most likely range back down towards the beginning of '22 before ultimately landing between $1 - $2 towards the end of Q1.
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VET/USDT TRADING PLANNING FOR SPOTVET/USDT
We find the retrace for VET, after that VET will rally soon
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2021 Crypto Bull Run Is Not OverBitcoin has been trading in this channel since early July. RSI has been "reset" every 2 months since we hit our $29k low in mid July, and has also hit our bottom ascending trendline each time. We then see a run up from there. (1) We saw an 80% run up followed by (2) a 25% correction before beginning another leg up (3) of 74%. Am expecting (4) to be between a 20-25% correction before beginning our next, and most likely final leg up (5) which I assume will be more than the 80% we saw in (1) and (3). We seem very close to that bottom RSI level now and I am expecting we see a bounce off of our Demand Zone (green box) today or tomorrow. However if we do lose that zone, I believe $53k would be our next level and more than likely be our bottom for our next leg up. I still believe we will see a $100k+ Bitcoin by the end of this year or early '22.
VETUSDT Technical Analysis⏳ Spot
💎 VETUSDT has formed a descending channel. After several rejections from the price is moving to the upper band of the channel. After the breakout we can expect more bullish move
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🎳 Entry/Pullback now or from 0.13981 - 0.12779
☕️ TP1 0.15118
🍺 TP2 0.16766
🍻 TP3 0.18454
🍾 TP4
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.12779 - 0.11559
Good Luck 🎲
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$VET a healthy correction, buy! VeChain is an enterprise level public blockchain platform
Rank 22 atm much more to come in this run.
After the October month with 37,6% profits is this little correction healthy IMO.
Take profits on the road or sit on your hands.
Feedback welcome!
DYOR and please let me know what you think.
Vechain can hit 0.22How ever the price has turbulence due to BTC movements, Vechain can reach 0.22 as TP1. DO NOT COUNT ON TP2, unless bitcoin hit the higher prices (above 73000).
Good luck!