Still bearish for VETBTCHi Traders
A quick analysis of VETBTC for the next couple of days. As the Hitman is still bearish, I expect a retest of the green area before we go down further.
The price might not even reach this area again, but I would not recommend to enter if it doesnt as R:R does not look very appealing when only looking at Target Area 1. It will might take some time for the price to reach Target Area 2 and therefore a lot of fundamental things could change market sentiment. Its why I mainly look at the R:R for the first Target Area.
Vetbtc
Everyone thrilled about VET but not me pt.2 (Update)Hello everyone,
Nothing serious here. I just want to give you a update on previous scalp call
The decision zone is definetly on the horizont so be ready to be reactive as it can go both ways.
Previous scalp was 213 to 187 so setting stop loss around that 187-185 and watching this zone sounds wise
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Slight Retracement but Overall Trend is BullishAfter failing to breach repeatedly key resistance in 0.02 USDT level, VETUSDT is currently retracing into lower levels as it broke below 100 moving average
Long term trend remains bullish, for this reason, entry point at 0.0153 area works well as it sits into a key resistance and on 0.5 Fibonacci retracement. Failure to hold on that level might trigger a further downward spiral targeting 0.0137-0.013 where 200 MA sits
Buy at 0.0153 area
TP: 0.01668-0.01792-0.01865-0.01997-0.0222
Leverage 5-10x
VETBTC Reminder: I'm by no mean an expert, I'd like to share perspectives with you. See for yourself. General sentiment is a downtrend, but I do not fully agree.
Support is respected for now. Weekly RSI overextended, all time high is in sight. However this doesn't say anything, VET has some big partnerships and has a lot of potential to grow. Keep in mind the resistance, once above buy-in wouldn't be a bad idea.
VET last resistance at 0.020 -- NO RESISTANCE LEFT -- MOONIT IS ALTSEASON VET IS BUSY ON ITS LAST RESISTANCE ! NO RESISTANCE LEFT