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Vetbtc

VETUSD may drop even 80 % in this bear marketVETUSD looks mega bearish. The price got rejected from the resistance multiple times. To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold. In case of playing short position , we recommend taking profits at support levels (red lines). Probably many persons will think that it's crazy to predict 80 % drop for VET, but remember, this is crypto and altcoins may go parabolic down in a bear market . Alts can reach crazy low levels before finding the bottom. BTC.D looks like it wants to rise which is another reason why we expect altcoins to dump a lot.
Short
by vf_investment
5
VET/BTC Expanding Triangle Clamping the price before the impulseLocal trend. Time frame 1 day. Expanding triangle. Coinmarketcap: VeChain Price squeeze during “market doubt”. A zone of price squeezing in a narrow range at the moment of uncertainty (doubt) of the market in general. Clamped by large orders in the required buy/sell range on liquid exchanges. The range is spammed with orders, basically a bot is triggered to make the trades visible and to “protect” the large orders (so as not to “grizzly”, but if they gnaw—"go down steam"). Small exchanges themselves will “pull up” in price over time. It works the same way (first of all) in pairs also to dollar, but the step is bigger (it is more difficult to hold a range). In pairs to bitcoin, it's easier to do due to smaller % of step (crypto price). The lower the price in satoshi, the more effective step clamping (range holding) is done. Unfortunately, here on the site it is impossible to show the order stack, it would be more obvious, the chart is a consequence, not the root cause. The meaning of the action—before a strong impulse up/down price movement, does not matter. You, unlike hamsters (those who are constantly losing money) cannot know exactly in which direction the market will locally go. The impulse (exit) is made under the general market trend (direction of movement). There are exceptions, but it is more about low liquid altcoins during the so-called “market window” (it is now). It helps a lot to move the price impulsively at such moments (decoupling): 1) stops (“market fuel”) 2) scalpers of course 3) oppositely tuned (in most cases, but not always) crowd (the main market participants) at the moment, that is the cloned behavior of people. This is what the expanding triangle area looks like on a line chart. This is what this "price squeeze" looks like locally. On a linear to understand the without the "market noise". The graph is a consequence of the sense of action in the glass.
by SpartaBTC
16
VeChain (VET) - August 4hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (VETUSDT 1D Chart) Resistance: 0.04214-0.05546 1st support: 0.02299-0.02452 Secondary support: 0.01840 The 0.04216-0.05546 interval is the interval that determines the trend. Therefore, the important key is whether it can be supported by rising to the 0.04216-0.05546 section. To do this, we need to check if it can be supported by rising to the 0.02949-0.03286 section. If it falls from 0.02299 and is resisted, it may lead to further declines, so a Stop Loss is needed to secure cash. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
VETUSDTVet/usdt looks promising here. after being mega oversold i'd expect us to have some nice relief rally. to retest at least the breakdown area. invalidation point 0.02650 cents. Resistance levels/ TP: 0.0425 0.0546 once these levels are claimed we can look for a higher target. Until then play these levels ( chart below) #Sell at resistance #Buy at support #VETBTC Vetbtc sitting at historical support bounce from here make sense. Again same play for vetbtc play buy @ support and @ resistance If support break don't be afraid to exit you can always buy it cheaper. Altcoins are extremely dangerous #Do your own research.
by CryptoUltron
2