VETBTC trade ideas
VET / BTC 4 hourMR VET:
* Is still in an correction channel on low volume, means consolidation.
* Golden cross still in play, on 4 hour as well on daily, big bullish signal!
* We need more volume to continue the bullish trend.
* 200 EMA still support, also a good signal!
* On RSI it looks like an triple bottoming formation, i know, its not very precise, but you could make an argument for it.
* If 200 EMA don't hold support good chance we go to the red zone on price 0.5 fib retrace. Around 70 sats.
Lets see what happen....
VET/BTC TA Update (Daily Pullback?)VET/BTC
VET closed below the upward trend-line of support and barely holding beside it.
VET coin is now due for a longer pullback to consolidate between 0.382 - 0.5 Fib Support.
Market structure is still valid bullish as the price is trading above all moving averages especially the 200 Day MA.
VET / BTC 4hourMR VET. That was an littlie suprise!
Well, this is what i see:
* Still in consilidation, no realy big red dinosaur bite!
* Nice bounche from 200 EMA!
* Orange dotted line may the new Trendline but neeeds to hold next days.
* Looks like an higher high on the Stoch
* t May be an big bull flag or a consilidation channel in same with less and less volume looks be the case.
* Golden cross daily still intact.
VETBTC will make a bullish waveVeChain has had a massive bull run since late October. Since there, VETBTC has generated over 100% profit.
Now the price has approached to the bull trend line.
There will be a good entry zone with low risk.
Trade instruction are shown in the chart, Please follow them.
Good luck
$VET formed very strong trendline and dbAlready reached 97 stat. And bounced from trendline that we easily know in the channel previously ( t.me ).
$VET has marketmaker a bit low capitalized that $MATIC & $RVN. I'm confident that next week we can check the rise of this token.
- Very nice looking Stoch. and RSI.
- Formed strong bullish trendline.
- Double bottom formed very nice there (It can bring more psychological movements)
- Stands on 0,5 Fibo solidly
Only $BTC movements can bend $VET price in support direction, and even more downside.