I am relatively new to trading, so feedback would be highly appreciated.
Here is a continuation pattern, I used a pole to measure the target price for VET/BTC, this target price hit a resistance level from 2018.
As the trend went upwards into the pattern this should mean that there is a 70% chance of VET/BTC breaking bullish.
Lots fo confluence here...
Green wave 1 measured from wave 4 has its 2.618 at the same level as the wave 3 length as measured from wave 4 end (1:1).
The -161.8 of the wave 3 top to wave 4 start also fits the same levels.
Do your own research but I'm going to keep a close eye on this.
Bottom after bottom after bottom,another inbound it would appear filling the gap (worth an order here),extension and top gap is good profit target,confirmation of bottoms when trendline is broken and held,likely brief retest and impulse away when/if it finally does so. Really good fundamentals pc wallet inbound and ever more partnerships with the likes of bmw etc
VeCHain looks to have bottomed out after testing the level at 158 twice and finding support both times. This should make a steady bedrock for accumulation to begin, moving out of the two wedges and then looking to find support at previously established levels.
Oversold RSI appearing now at the end of a descending wedge pattern. Lowered volume towards the end of the wedge too indicates potentially bears running out of steam... however buy order book is a little thin.
Looking for a reversal around the 150 mark, or a quick fall and bounce at Fib 140. If it doesn't bounce at 140 then 101 is very possible.