VeChain (VET) ABC CorrectionDid you get to see my XVGBTC trade idea with the classic ABC Correction?
We are very likely to have a similar scenario develop for VeChain (VETBTC).
This is not the only possible scenario of course but it is the most common one.
After a strong bullish wave, it is completely normal to have a strong correction before any additional growth is printed on the chart.
Which means that we are likely to see VETBTC bounce from the current price to around 0.00000188 just to fall lower to establish a new support level from which prices can consolidate and then print a new jump that can result in either a higher high or lower high depending on how the market is looking 1.5 months from now.
There you have it...
Please keep in mind that this information is simply based on past experience... The charts are always changing and if you are trading you need a plan on what to do based on what is happening and not take action based on some assumption or potential scenario.
This is not financial advice.
This information here is shared for learning and/or entertainment purposes only.
I hope you enjoyed the content... And I am always really happy and deeply grateful for your continued support.
This is Alan Masters... The King of Crypto 😄😅
Namaste.
Vetbtc
Still bearish for VETBTCHi Traders
A quick analysis of VETBTC for the next couple of days. As the Hitman is still bearish, I expect a retest of the green area before we go down further.
The price might not even reach this area again, but I would not recommend to enter if it doesnt as R:R does not look very appealing when only looking at Target Area 1. It will might take some time for the price to reach Target Area 2 and therefore a lot of fundamental things could change market sentiment. Its why I mainly look at the R:R for the first Target Area.
Everyone thrilled about VET but not me pt.2 (Update)Hello everyone,
Nothing serious here. I just want to give you a update on previous scalp call
The decision zone is definetly on the horizont so be ready to be reactive as it can go both ways.
Previous scalp was 213 to 187 so setting stop loss around that 187-185 and watching this zone sounds wise
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Slight Retracement but Overall Trend is BullishAfter failing to breach repeatedly key resistance in 0.02 USDT level, VETUSDT is currently retracing into lower levels as it broke below 100 moving average
Long term trend remains bullish, for this reason, entry point at 0.0153 area works well as it sits into a key resistance and on 0.5 Fibonacci retracement. Failure to hold on that level might trigger a further downward spiral targeting 0.0137-0.013 where 200 MA sits
Buy at 0.0153 area
TP: 0.01668-0.01792-0.01865-0.01997-0.0222
Leverage 5-10x
VETBTC Reminder: I'm by no mean an expert, I'd like to share perspectives with you. See for yourself. General sentiment is a downtrend, but I do not fully agree.
Support is respected for now. Weekly RSI overextended, all time high is in sight. However this doesn't say anything, VET has some big partnerships and has a lot of potential to grow. Keep in mind the resistance, once above buy-in wouldn't be a bad idea.
VET last resistance at 0.020 -- NO RESISTANCE LEFT -- MOONIT IS ALTSEASON VET IS BUSY ON ITS LAST RESISTANCE ! NO RESISTANCE LEFT