VeChain Scythe IdeaA scythe structure on VeChain
These usually result (from my experience) in bullish continuation
As we can already see a breakout is occurring from the also triple bottom on the Fibonacci circle
The bars pattern in green is what we can likely expect from price action in coming weeks
Vechainethereum
💡Don't miss the great buy opportunity in VETETHTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003860
TP3= @ 0.00004760
TP4= @ 0.00005570
TP5= @ 0.00006570
TP6= @ 0.00008320
SL= Break below S2
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💡Don't miss the great buy opportunity in VETETHTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003860
TP3= @ 0.00004760
TP4= @ 0.00005570
TP5= @ 0.00006570
TP6= @ 0.00008320
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VETETH bullish reversal scenario could be in play now...Reversal trades are inherently low probability but they offer the best risk-rewards so we always hunt for them. That said, the VETETH pair is looking better in this regard:
1. Market has rejected the low for at least 4 days in a row now.
2. Today's candle opened at a higher low
3. Today's candle is now a big bull candle with price back inside the descending wedge/channel
False breaks are great setups to trade against the direction of the breakout so people who bought that breakout are now in profit (if they managed to hold). Reasonable target for such a trade is the resistance trend line of the descending wedge/channel. We just need to see if this move back into the consolidation will be confirmed by a daily close.
The ultimate scenario is a breakout above this descending wedge so that is the big bet and we are looking at this false break as the possible bottom for VETETH this year!
We all know ETH will probably flip BTC so the perfect scenario for VET holders would be this reversal to happen! :)
Let's wait and see!
Another target for VET Previous ATHIt 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.
There is a trading opportunity to buy in VETETHTechnical analysis:
. Vechain/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002380 to 0.00002075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002380)
Ending of entry zone (0.00002075)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00002650
TP2= @ 0.00002910
TP3= @ 0.00003250
TP4= @ 0.00003850
TP5= @ 0.00004600
TP6= @ 0.00005400
TP7= @ 0.00006050
TP8= @ 0.00007700
TP9= Free
VET OVERSOLD SOON TO BUY VET FOR LONG!!Looks like VET is oversold but MACD got rejected, looks like a double bottom on the RSI have seen this alot on other altcoins but VET has some of the BEST fundamentals in the altcoin world and with billionaires like Tim Draper, Jim Breyer and Anthony Di Iorio investing into this project.... and with BIG Partners this investment is a no brainer! anytime now will be a GREAT time to invest in this project, looking at the TA im wait a short time to hit these points. if you miss out and dont buy any for the long term, I'd say you dont know what your missing out on. just my opinion. if there is one thing I've found out is Follow the SMART Money! with TA and FA cant go wrong at these price points. opinions are like A$$holes but I'd rather follow a smart one!
There is a possibility for the beginning of an uptrend in VETETHTechnical analysis:
. Vechain/Ethereum 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 resistance.
. The RSI is at 39.
. While the price uptrend in the daily chart is not broken, bullish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003800 to 0.00003480). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003800)
Ending of entry zone (0.00003480)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00004300
TP2= @ 0.00004700
TP3= @ 0.00005390
TP4= @ 0.00006060
TP5= @ 0.00007690
TP6= Free
There is a possibility for the beginning of an uptrend in VETETHTechnical analysis:
. Vechain/Ethereum 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 resistance.
. The RSI is at 39.
. While the price uptrend in the daily chart is not broken, bullish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003800 to 0.00003480). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003800)
Ending of entry zone (0.00003480)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00004300
TP2= @ 0.00004700
TP3= @ 0.00005390
TP4= @ 0.00006060
TP5= @ 0.00007690
TP6= Free
There is a possibility for the beginning of an uptrend in VETETHTechnical analysis:
. VeChain/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003900 to 0.00003480). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003900)
Ending of entry zone (0.00003480)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00004660
TP2= @ 0.00005390
TP3= @ 0.00006060
TP4= @ 0.00007690
TP5= Free
There is a trading opportunity to buy in VETETHTechnical analysis:
. VECHAIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003960 to 0.00003380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003960)
Ending of entry zone (0.00003380)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00004660
TP2= @ 0.00005390
TP3= @ 0.00006060
TP4= @ 0.00007690
TP5= Free