Broadening wedge forming and we are about to break out and backtest it as support again !!1
See previous analysis below 👇
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0165). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . VETUSDT is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Vechain finally saw 162 sats. Bitcoin rise caused, but 162 was important to me. We will watch and see from now on.
I think VET is forming a bull flag, which could break up very soon. This is my buy zone and target for VET. I'd cut loss if it broke below the support. This is an updated one from the previous post that i did last week. (Not financial advice)
I just wanted to point up, as i wrote in the previous post, targets around 0.015 were hit. Lets see what happens next.
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.
Higher time-frames, 1 day and 2 day are showing negative momentum for VETUSD while 4 hour and 12 hour suggest traders are attempting to find a break. It will be a very interesting close to the week as a 40% rise still seems quite possible looking at the weekly chart structure. However, if bitcoin decides to nose dive it could spark a significantly altcoin...
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.
We are either headed straight to 3-5 cents or we will see a pull back in the short term....Check out the Vechain video I made last month , people are starting to catch on youtu.be
VECHAIN BULL 160% increase ! BUY BUY BUY
Looks like the 1.618 on the Fib Retrace target played out perfectly.. on to the next target. What do you think? - NCCM
Are we going to see a break out in vechain or further consolidation...VEFAM let me know what you guys think!
I don't think there's a trader on Earth that would not agree this chart looks very, very promising. With a 'three white soldiers' formation and current price above a long-term horizontal resistance level, (plus RSI and short moving averages crossing up), we expect traders to take long positions for July and beyond.
I want VET to pull back before the coinbase listing so I can buy more :(