A look at VET and when to buy/sell using these indicators
Updated
On a weekly chart VET shows us when to buy and when to sell.
You can see the little green flags indicate where you would open a trade on VET. This is when VET closes above/below the EMA 10 and closes twice above/below that level. When the MA 21 crosses the EMA 10 it confirms the cycle we are in, be it either bull or bear. The red down arrow among the flags shows a false breakout which is in line with the false breakout in my analysis on BTC and when to buy/sell. If you noticed the MA 21 didn't move under the EMA 10 at the false breakout area.
The horizontal red lines are major resistance levels. VET will need to cross these levels to go higher. It has crossed the first red line already.
The purple downtrend line will also act as resistance on the way up. This line is from the 1 day chart so may look a little strange where it sits on the weekly. The green uptrend line also from the 1 day chart indicates VET is in an upward movement.
There are 2 Fibonacci retracement indicators shown, a smaller one and a larger one. The smaller one shows the .618 fib level @ 0.006715 where I expect some sort of resistance and maybe a bounce down from. The larger .618 fib level @ 0.007879 will also act as major resistance.
In regards to the RSI, the green uptrend line shows VET is bullish. Where VET traded under this green line shows the bottom of the market for VET.
Huge volume once VET bottomed around December time, largest since VET opened market.
Target is the yellow rectangular box @ 0.00765 to 0.00810 region. If it breaks this yellow box, expect VET to go up past 1 cent.
Happy trading legends!
HTBB
Look me up on Twiiter and FaceBook.
You can see the little green flags indicate where you would open a trade on VET. This is when VET closes above/below the EMA 10 and closes twice above/below that level. When the MA 21 crosses the EMA 10 it confirms the cycle we are in, be it either bull or bear. The red down arrow among the flags shows a false breakout which is in line with the false breakout in my analysis on BTC and when to buy/sell. If you noticed the MA 21 didn't move under the EMA 10 at the false breakout area.
The horizontal red lines are major resistance levels. VET will need to cross these levels to go higher. It has crossed the first red line already.
The purple downtrend line will also act as resistance on the way up. This line is from the 1 day chart so may look a little strange where it sits on the weekly. The green uptrend line also from the 1 day chart indicates VET is in an upward movement.
There are 2 Fibonacci retracement indicators shown, a smaller one and a larger one. The smaller one shows the .618 fib level @ 0.006715 where I expect some sort of resistance and maybe a bounce down from. The larger .618 fib level @ 0.007879 will also act as major resistance.
In regards to the RSI, the green uptrend line shows VET is bullish. Where VET traded under this green line shows the bottom of the market for VET.
Huge volume once VET bottomed around December time, largest since VET opened market.
Target is the yellow rectangular box @ 0.00765 to 0.00810 region. If it breaks this yellow box, expect VET to go up past 1 cent.
Happy trading legends!
HTBB
Look me up on Twiiter and FaceBook.
Note
Once we make some good profit we will dump this pile of junk VET rubbish. Only in it for the trade as the company behind it are pathetic.Note
Can we close out the weekly candle above 0.0008114? If so, off to a cent we go. If not, time to take profit.Note
Correction, 0.008114Note
Update 27/12/20:Daily log chart below.
VET testing the 0.618 fib level
Nice bounce off the MA89 (purple MA)
Bullish crossover appearing on LMACD (green down arrow)
Need to see 2 candles close above 0.618 fib level to confirm upward move
Weekly log chart below:
Nice bullish move capable on LMACD should VET stay above 0
EMA's and MA's forming the 'ribbon' type bullish look
Vet could get up to 0.03 cents if it goes parabolic like many other alts
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