Vechain is looking bullish!Hello traders,
Looking at daily chart, we see that Vechain just broke out from orange trendline, supported by large volume. Currently, Vechain is accumulating at blue trendline.
In case of breakout, next selling target is 141 Satoshi, looking to get back in at 38.2% fib level (130 Satoshi), where we see a confluent layer of resistance.
Stop loss: 119 Satoshi
Risk Reward: 6.67
Happy trading!
Vetbtc
VET - 109%+ Potential Profits! [FREE TRADING SIGNAL]Pair: VET/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Moderate
Technical Analysis
- Powerful Compound Fulcrum Bottom Formation (12H)
- Fulcrum Bottom Neckline Breakout
- Strong Volume
Our Entry Zone
0.00000116 - 0.00000125 (re-test of bottom neckline break or up to 125)
Our Targets
1: 0.00000160
2: 0.00000200
3: 0.00000245+
Our Stop Loss: 0.00000104
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Enjoy your day, let's turn your dreams into plans!
Crypto Eye Team
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DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
No mans landVETBTC study on a 1 day chart-
RSI has bounced up from the oversold state
No structure in histogram or RSI
W%R heavily over sold
Bellow value on VPVR
Nice little gap at 163
VPVR doesn't look all that bad but price does need to fill the notch in between 125 and 160 sats
Ill be a risk taker hear and set a small bid at 101 sats. Im hoping more fear will stab VET down into last support area and for a nice bounce to fill in that gap
If my bid is triggered a very tight stop will be placed a few sats below last support
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Nibble nibble nibbleVETBTC 1D
Taking little nibbles at VET
Bottom of the range
Willy stupidly oversold
Double bottom in
OBV flattening out
Big notch in VPVR that needs filling
I have bids still at 101 sats but I will set a stop loss 5% lover of 101 sats, a break below this and it will be in no mans land.
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VeChain VETBTC Set up for a possible move upSo VeChain looks prime for a possible 20% plus move up and I will explain why. But first please excuse my articulation as this is my first post on here and im a bit nervous of how social media will come for me, lol. Im sure i'll get better as time goes on. So the price action shows that the it'a reaching its all time low and sellers are getting exhausted. Secondly. I do not see any more levels to test and the only possible play I see here is to test the level at 0.00000127. Shout out to my mentor for showing me the way. this will be the first of many more analysis as I grow as a trader.
VET - Support Confirmed, Ready to ReboundLooking at the 4-hour chart, you can see VET almost fully retraced from its huge August pump. However, we confirmed this area in pink as support and the price is showing signs of reversal. The MACD has crossed the zero line and is at a key resistance line. If we break this line, I think we're off to the races. I put up some possible areas of resistance in blue. This could be a great long position IF Bitcoin doesn't get smacked down again to $3000, which would affect all alts including VET. As such, I'll be keeping a close eye on BTC around the $4800-5000 level. Remember that by just holding VET, you receive VTHO. So by making a early claim now could put you in a great position to earn more VTHO. Take a look here thorcalculator.com
VETBTC PUMP SOON
VETBTC situated into a huge falling wedge which means probably at 102 sats VET will reach bottom and after will break this channel(Every falling at the final will result into a breakout)
SELL VOLUME decreasing
Stochastic oversold
This coin can going upward soon. First target is 140 sats and second 167
Do or Die for Vechain.A Sigh of relief maybe for vechain with this small rally in the market. I believe this movement down from swing high might be a deep wave B. But i have to agree to the fact that structure wise it looks a bit weird. Taking this wave down as a descending wedge , its clearly visible that this breakout had increased volume. Will have to wait and watch if it gives a successful throwback to this wedge.
My initial potential targets for this wedge play are indicated by horizontal support/resistance lines . The one at the bottom is the last line of defense for this pattern and the related count.
This is not a financial advice and just for educational purpose. trade safely and carefully. Alts might be an exponentially risk play atm.