Vetbitcoin
VET / BTC finally broke falling wedgeVet / btc
🌟 Techincal Analysis🌟
Was in Long downtrend since 5 months
Now with alot of alts becoming extremely bullish
Vet finally broke that wedge
Also on RSI we see Bullish divergence
As long as vet hold horizontal local support area we can expect it to do great pumps
Note : this is low satoshi coin so the risk is high
Please follow risk management and use stoploss
If you want to buy
VET ANALYSIS: LONG THE BOTTOM!VET ANALYSIS:
VET broke thru all major moving averages and finally bottomed out inside support. One low hanging wick went all the way down to 37 sats was quickly eaten by buyers. The wick showed buyers are present and ready. The reversal looks to be holding well. A long entry inside the range of 40-48 sats is ideal. Future take profit zone starts at T1 of 54 sats, followed by T2 at 60 sats. I expect to see major resistance as VET nears the daily resistance just at and above the 200MA. Until then, lets ride the wave up for profit!
Possible Entries: 40-48 sats
VET ANALYSIS (200MA BOUNCE!)VET ANALYSIS:
VET has bounce strongly off the 200MA and also broke thru a short term accumulation. I expect VET to continue this rise up to T1 at 76 sats. T1 would be a break thru 100MA and a close here would enable a push all the way to double top surpassing T2 at 81 and T3 at 87 sats. Expect exhaustion to come near 90+ sats. The currently entry zone would be in the range of 64-69 sats. On the downside if VET does break back down to 58 sats and BELOW, then this support has failed and look for a drop back to support at 35-45 sats. So far, VET looks to be bullish and I expect the double tap to weekly resistance before any real resistance comes into play.
Possible Entries: 64-69 sats
VET ANALYSIS (SECOND ATTEMPT AT RESISTANCE)VET ANALYSIS:
VET recently hit both T1 and T2 take profit spots! Congrats to those who followed thru with my previous post! VET dropped back down and is now again, a buy. Look for entry near 70 sats, and put targets back into place as followed: T1 at 77 sats, T2 at 81 sats, and T3 at 89 sats. VET is expected to make another run up at the daily resistance block. I would exit this trade upon entering the red zone as it is a known rejection area. 200MA held well as support and RSI and Stoch now have plenty of growth after the recent breather. The only downside is decreased volume, a possible double bottom at 60 sats is still in play, but not as likely. Look for a move back up towards T1 and T2.
Possible Entries: 68-71 sats
VET ANALYSIS (CREATING NEW TEMPORARY SUPPORT?)VET
VET has been on a major correction since hitting the weekly order block zone. VET is looking to create a new temporary support line inside the yellow box if this holds and a strong reversal begins. There is a smaller falling wedge displayed in the chart and it looks to have broken right at 68 sats roughly. If this can hold, it is a great spot to enter a long position. Look outward at a re-attempt at 50 MA and T1 at 77 sats. I also expect one more hit to the weekly resistance block to see if buyers are exhausted or are here to stay. Therefore, T2 is just before this zone at 87 sats. It is possible this attempt will also be rejection so look to take profit at the exit zones.
Possible Entries: 67 sats
#VET: 40% Profit Potential in short term!!!VeChain (#VET) is an up and coming blockchain platform aimed at serving the logistics sector and the Internet of Things (IoT). The new blockchain was launched in July 2018, offering a swap of the older VEN token for the VET digital asset. VeChain is a dual-asset platform, with an elaborate system of staking nodes paying out rewards in VeThor (VTHO).
In a short to midterm, VET is currently on reversal trend which already started to go up. Currently on short term pullback. It has major support at 86.
Critical areas to watch if buying pressure is strong at 88, 89, 90.
Short term Target at 123.
Daily Bullish Signal $VET #VET #VETBTC #BTC $BTC (1 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN