VETBTC trade ideas
VET/BTC (3rd Retest of Support)VET/BTC
-VeChain is now trading at previous support area at 137 sat
-Will this level hold and see a relief bounce?
-If BTC and Dominance chart will not make any significant move
-VET has the chance to bounce up to the trendline resistance
-This will the 3rd time the area of support will be tested
-So there is still a chance it will not break to the downside yet
-Be cautious because the short term trend is bearish
-Use proper stop loss below key areas
VETCHAİN- Support Zone/ Next Bull Run Potential BreakoutIt's in the support zone. Consolidating here. Next bull run, We can see a potential breakout.
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 :
Long VET Potential 30%VET looking strong and should again bounce from here now right at support. So good to accumulate some VET here.
ENTRY: CMP (161 SATS)
TARGETS:
188
202
211
Moon!
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#BTC moons Alts Rekt
This is what I think.
Share your opinion guys!
VeChain BTC Short Term Analysis VetBtcFormed the second flag on the daily candlestick chart. Sma didn't disrupt 10, 50, 100 and 200 in graphics and tried the 160 sat level many times but failed. Now that I think the acceleration should be upward if it gets rid of the selling pressure. vtho may have slowed us down a bit, but i still have hope.
This graphic is my amateur work. it is not investment advice. good luck to everyone.