VeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high. Clear chance we could see another leg down from here unless we rally back to above 0.052. We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts...
Looking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action. I also used a big arrow so the market notices. :) Have a nice weekend, all!
VET has forged a nice consolidation pattern but is still getting stalled by that 0.057 level. It seems to be a significant resistance level judging from how the market is reacting to it since FEB 13, 2021. Break that and it becomes a significant support level.
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What. A. Week. Instead of patiently waiting for an altseason , we are experiencing imo; an allseason ! Insane gains for lots of cryptocurrencies, where today a couple of my favorites had great double-digit gains: $VET & $VTHO. Instead of posting another VeChain chart, I thought it was good to highlight VeThor Token for this time, as a lot of $VET investors tend...
Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price). Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level...
Fractals and rhymes. :) What are the odds that the next leg will be up? Love seeing these patterns when I'm looking to trade with a prevailing trend on a HTF. Not trading advice.
VeChain idea containing four scallops Some descending some ascending While in a rising wedge this is a weak indication of a bearish move Some chart patterns aren't respected as much, or seemingly have different success rates as others Personally I think this is pretty bullish, fundamentally
After quite some bleeding, VeChain's TA is finally looking good again. Volume is increasing and the negative downtrend has been broken. After waiting patiently and buying more at any significant dip, I expect to see some great bullish momentum in the coming weeks. Other traders are already calling for a Cup and Handle pattern for $VET, where I am mainly focused on...
Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term. Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that,...
This level has been a consistent inflection point in the past so not surprised to see market reacting to this level again. Part of me thinks it will hold but only time and the market will tell.
VeChain $VET is showing so much potential with its projects and could be about to take-off! VeChain's ATH (All-Time High) was already broken by today and is showing us an ascending triangle on the 4H chart, but we have to see if there will be higher highs in the coming period and try to avoid a double top pattern. To conclude, it looks very bullish to me. In...
Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario... The bottom is probably in, folks! :)
Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see...
From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal. Just needs to break that neckline around 0.0000233
Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term. Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
Possible falling wedge bottom forming. Markets tend to continue what it's been doing recently so betting on a rally from this support level is reasonable IMO. Let's see how things pan out.
Looking Good. 50MA and 200MA "Golden Cross" cross should happen in the next couple of days. We have maintained the ascending parallel channel, and we should be on our way to breaking upwards through it a few days after the cross. Merry Christmas VeChain hodlers!