VETUSDT
Bitcoin Short 6H TA : 01.07.22 : $BTCLast analysis is still valid... All short-term targets reached ...
As we expected, the price break the trading range from the bottom and also lost its important dynamic support. Currently, the first very important support and bearish target is the (Swing Low) price, which is in the range of $ 42,000. Up to $ 42300, if this critical level is broken the next downside targets will be $ 40 ,000, $ 38,600 and $ 37,700 and if all 3 of these support will be lost , the Potential Reversal Zone (PRZ) could be the of 35,500 $ range ... (This analysis will be updated)
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.Jan.22
⚠️(DYOR)
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Vechain looks promising but only if !!!the wave that is mentioned as "1" is a significant break of structure. 18541 percent move is telling many things; however, in order to avoid any emotional trade, waiting for a good correction is necessary. R/R ratio is not satisfactory in current prices.
NOTICE:
IT IS NOT A FINANCIAL ADVICE
Will this become a crypto VET?Like many alts, VET has faced a strong pullback from its ATH in April dropping by >70% (never buy at an ATH). Since then, it has been trading within this weak triangle on the 4-day timeframe. VET seems to have found shallow ascending support along the black line and could make its way toward the upper resistance over the next few weeks.
The support looks strong but the main question is, will the support hold even if BTC drops to ~41/42k? Remember, any candle close below the black line means the idea is cancelled. For now, it is still trading above its 200 day EMA and is testing its 100 day EMA. I think it can move up.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
log chart and
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
VETUSDT - 1W - LONG💡💡#INVEST 💡💡
VET / USDT
▶️ Buy in two Block
1Block (30%) 0.06758 - 0.05667
2Block (70%) 0.03974 - 0.02914
🔴 SLT -1W (Trigger, close 1W candle below)
SPOT ONLY!!!
It's going to be a long deal. I have placed limit orders in blocks. This deal is in case "everything is going to be bad."
#VETUSDT_INVEST_281121