Vetlong
Vet/btc Vechain consolidation in the demand zoneI posted a few days later my idea when vechain is
119-120 sat
I expected it to drop in the demand zone shown in chart between 95-108sat
That what happened as i expected
See here my previous idea
Now it shows consolidation in that area
Which is a good potential for next move
But we will entry after break and close above the trendline resistance for more confirmation
Vechain (VET) is looking bullishSWING TRADING STRATEGY
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I looked at VET / BTC pair and think it will go bullish again after retrace for almost 2 months, there are signs that makes the pair will be bullish :
1. The pair is creating pennant pattern right know
2. It was bounce on FIBO 0.5 in bigger wave and 0.768 on smaller wave
3. There is yearly strong support below the price in green curve line
4. EMA 55 is supporting the price
5. Volume profile showed spike around this price
The target is mapped using violet lines, we can see 70% easy potential profit in the future
Entry : 137 - 159
Target 1 : 206
Target 2 : 238
Target 3 : 279
SL : Below 132
Look for Another Swing Trading Strategy Below :
VET.USDT (Y20.P3.E2).Its about timing.v2Hi All,
VET is about to break a key level which will give it a clear path for more upward gains.
The chart shows the squeeze for a likeley upward trend that's taken some time to build, very much like BTC.
I would think in a similar fashion, it will do some good moves up.
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Regards,
S.Sari
Close up 1 hourly chart
Macro overview, key observations:
On the daily, upward pressure building shown on the Phoeix indicator
VET BullishVET bullish breakout from descending triangle. We had both a MACD and EMA cross on the 4hr chart prior to the breakout. Shorter term, like 15min and 1hr charts are less bullish. The current 4hr candle needs to close above the triangle‘s top line and our next candle will confirm the breakout. Longer term charts are extremely bullish. VET/BTC looks to have bottomed and turned up as well. We should see resistance around 0.024¢/ USD, could be a chance to reload. My current price target is around 0.031¢- 0.035¢ especially after a long consolidation. There’s a huge sell wall at 0.04¢ so expect a large rejection before continued bull run.