Entry within the weak uptrend. Looking for another bounce up to break the channel for a second and final time.
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should...
Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another...
Bullish divergence on weekly time frame. Long term buy signal. Daily and shorter time frames are also solid. Extremely bullish on Vechain, Mainnet transactions have seen huge growth recently.
Letting the chart speak for itself. Target/resistance levels already marked.
A weekly close near the weekly candle high would be welcome development and should be great bullish signal considering where we currently are. Context is everything and right now, we are at a good place to launch! As long as that 0.01 level holds, we are good to go!
Weekly chart is clearly showing 2 legs down from the AUG high. Context is good for a leg up from here on but the bulls need to hold 0.01 on a weekly close to increase likelihood of a move up in the short term.
Broadening wedge forming and we are about to break out and backtest it as support again !!1
Since my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline. VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4....
lets see if vet can hold support and breakout then retest the falling channel pattern to tap the level of supply above us !
I've been monitoring VET since I exited back around 200 sats. We are breaking below the daily cloud and looking bearish for a retest of 100 sats. Another BTC move up/down sharply should be the final push to reach my target for a refill.
hope that vechain can hold man ... a break below here could be very bearish short terms
We hit our TP on my last call of this pairing, I personally didn't take TP as I have a long term bag but the following is what I see thats up next. H&S formed on 4H and bearish divergence on RSI. Waiting for correction and a bounce from 50% fib. I'm not your financial advisor nor am I a professional trader. Trade at your own risk.
I got my chips on 5 cent vechain bigger time frame flagpole pattern playing out !
It looks like we are done correcting I had personally bids around 180sats. Positive news and coinbase listing are still ahead of us. In few days/weeks we should continue pushing to ATHs.
It took us about 2 years of stacking VET as much as we could to watch this live trade, another 32% will bring us to ATH, and after that something around 0,036 is the fibo target which correlates with the previous old vechain chart before 1:100 changes in tokenomics.
You have to remember that there are a ton of "gimmicky" projects in the cryptospace that have MASSIVE marketcaps that seem completely unjustified. We're talking marketcaps in the Billions for stuff that has no working real-world business relationships, and in some cases, no working mainnet. So what does that tell us? That projects with REAL fundamentals, like...
If we can keep this up, it seems like we will be on track to retest the 2 cent mark. For now I will watch to see how the weekly closes tomorrow!