Carracio

Carracio

To get a good picture of Vechain I have removed all the noise and use the line instead of candles. To me this shows a huge falling wedge on the monthly timeframe. Now, this does not mean that Vechain can not go any lower. BTC will probably dump a bit more and, if so, Vechain will go down with it. But the falling wedge is clear to see. It can take weeks or months...

Carracio

VET has made some nice gains. But it seems like it is now moving inside a rising wedge. Same pattern is visible in the VET/BTC chart. This could be invalidated when the 12 cent resistance is broken, But I think one should be careful. At breakdown, possible targets 0.10 and 0.097.

Carracio

We saw some correction yesterday. Seems to me like the correction is over. VET probably made and Adam and Eve bottom pattern. At the VET/BTC chart the 150 supportline seems to have held. Probably goes up from here.

Carracio

It seems like VET is respecting this channel. After spending some time on the bottom line, it now went up again. Would be interesting to see what will happen at the upper line. A bit concerning to me is the decline in volume and a bearish sign on the daily RSI.

Carracio

I think the VET/BTC pair is trading inside a falling wedge and will eventually break out upwards. But we can still go down for a while. Depending on BTC whether the VET/USDT will also go up.

Carracio

I noticed that VET is possibly trading inside a rising wedge on the daily chart. This does not mean that it will go down immediately, could go up much. But it is interesting to follow this pattern, to see wheter it is valid or not.

Carracio

I think VET is trading inside a Symmetrical triangle, which is a continuation pattern. I assume that VET will break upward. But you never know. Break-out could occur somewhere on monday or tuesday.

Carracio

As mentioned in the last idea, VET formed a rising wedge. It now has broken down, below the wedge. In the retest it has formed an head and shoulders pattern. The neckline is now being tested. If it really is a H&S, more downward movement should be expected.

Carracio

Seems like VET is again forming a Rising Wedge. Expect more downward movements.

Carracio

It probably is a bit too early, but it seems like VET is forming an Adam and Eve bottom. We retested the neckline of the Cup and Handle pattern on the weekly chart. For now it seems like the support is holding and we will go back up. But it is still early. What do you think?

Carracio

VET seems to be forming a symmetrical triangle. This is a continuation pattern, in this case probably bearish. Still waiting for 0.023 and 0.021.

Carracio

First, I want to say I am not a professional trader. Just sharing my ideas. Please comment when you think my idea is invalid. I was right in thinking that VET would drop. The support around 0.0264 held and now we go up. But in this upward movement we seem to form another rising wedge as visible in the chart. Another drop might be incoming. Maybe we will even go...

Carracio

VET is probably forming a rising wedge, which is bearish. Be aware of a temporary drop.