Lotsa pent up energy here... Press send already... :)
Said level is a the highest monthly close since the low this year and should be a key level for both bulls and bears. We should see some bullish follow through after a weekly close above that price. Else, market could get into a trading range between 0.0143 and 0.0174 before making a decision to go higher or lower. I still think the bulls still have the edge here...
Entry within the weak uptrend. Looking for another bounce up to break the channel for a second and final time.
Watching out for a second leg down but as long as buyers defend 0.0143, I'd say we are going higher in the near-term.
Just when you thought this was another fakeout, the market gives you the fake fakeout. :) Sometimes we see stronger moves after a double fake like this. Bulls will want to see a close near the high for today's candle. A probable higher high after that (>.012).
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...
Letting the chart speak for itself. Target/resistance levels already marked.
Hey friends, hope you are well and welcome to the new update on VeChain Coin. On daily chart the priceline of VET coin was moving in a falling wedge. Finally the price action has broken out the resistance of this pattern. The volume profile is showing very low interest of the traders in the area where the priceline is moving therefore the price action can move...
Last week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern Little choice for the market but to break out. Question is, which direction? :) PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.
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!
Small price range this week so far but that could change soon.
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.
Hey, friends hope you are well and welcome the new update on Vechain coin. On long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction the price action of VET broke out Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well. On daily time period chart the priceline is moving...
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)
Vechain sudah melewati batas support siap terjun ke target
vechain vet back to hit 0.00685 usd ?
Symmetrical triangle on VeChain. Keep an eye on the price over the next two weeks. Included some indicators so you can draw your own conclusions.