VETBTC (request analysis)VET break channel up and perform head and shoulders pattern.
This is reversal pattern and if we have neckline break down, bearish target at 198
Note : This pattern will failed if 270 break up as bullish confirmation line.
We will update this analysis once we reach support or break up bullish confirmation line
Vetbtc
VET ascending channelVET has a nice ascending channel worth watching. It provides a good trading plan. VET bounced of lower trendline and has just had a price pump towards 260 resistance. Will it breakthrough no one knows, but if it does, next resistance will be at 269 and 278. Once these ones are passed price will pass red trendline which should provide some more volume. At 286 there is 0.786 Fibonacci line but with that volume price should go fast forward to 295 or 305 (depending on how much time the whole process will take and where horizontally in the channel the price will be located). That should be the last border in front of leaving ascending channel. Again, no one knows if it will happen but it is a good scenario.
Bad scenario is that the price doesn’t breakthrough 260 and we see VET falling to 252 where it will test the trendline again. The more times support is tested, the weaker it becomes. Therefore, it might even fall down to 240. But that will be another trade and we don’t want to see that happen =)
Day chart for clear view. You may notice the volume is going down. It is also a sign of some significant move coming. But it may go both ways so keep you SL tight. VET is very influenced by BTC price so it all depends on the King.
I am not a financial advisor. Always do your own reseach and trade on your own risk.
If you feel positive and my chart helps please push "agree".
BTC address - 19Fe6p9aSoEbwdiGAbkpGwZAMM7eXb5vzG
VETBTC - Imminent pump is likelyWe are seeing some altcoins pump lately, and they are forming a pattern. After the big retracement from -30% in altcoins, NANOBTC began taking the lead of an other coins "rally" (I dont call it alt because ETHBTC and big guys are losing dominance to BTCUSD)
ICXBTC, WANBTC and NANOBTC are momentum players which did this pattern of reaching 1.618 fibo level as a continuation of an upside movement.
VETBTC and ONTBTC are in a very similar position at the moment, but since VETBTC has a better chance of higher ROI, I am making this trade.
Stoploss is tight which makes really good for risk/reward trade
It is very important for bitcoin to remain sideways or rise
VET is forming a perfect triangle!The best time to buy VET is now! It looks extremely good.
Triangle has been forming since 18. Aug and we can now expect a huge spike up in upcoming days. It is just a matter of days. Be patient wait for a few days and you will see positive results.
It also depends on BTC which has "quite" calm these days and that is why almost all altcoins are flying and making great profits.
Yet VET belongs to TOP 20 coins. Then the volatility is much less than other coins with a very low volume.
What do you expect of VET? Huge spike up or huge dump down?
Comment it below!
Your exclusive signals!
VET: ready for the bullish action!Hello traders,
After 2 weeks of sideway movement, VET is ready for some price action, as it is squeezed inside the symmetrical triangle.
This definitely looks like a bullish setup for me so I will be entering my position when I see a spike in volume. My short-term and long-term targets are indicated in pink line.
For now, the last target is 324 Satoshi, but it can be extended up to 387 Satoshi if Bitcoin continues its bullish momentum.
My bullish view will be invalidated if it goes below 210 Satoshi.
Happy trading!!
VETBTC: Ready for FreefallHi All,
It's all in the chart, simple idea for VETBTC: Accumulation Period
My apologies, been traveling, have not had time to publish my ideas
Focus on Trend, with conviction: Retracement for VETBTC to the Blue-Box
Target#1: 0.00000125
Target#2: 0.00000118
Target#3: 0.00000114
Target#4: 0.00000101
Target#5: 0.00000097
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
Is the bottom nearly in?With VET dropping almost 70% since July 27th, things are becoming really interesting to step in at a discounted price. As you can see VET is forming a bullish wedge and is oversold since August 2. MACD is indecisive though. I expect VET to drop a little bit more towards the 90-100 area before breakout. But it's also dependent on BTC of course. What kind of worries me is that the 21MA appears to be following the upper side of the wedge, so it might act as resistance.
Since I'm beginning to learn TA, I don't know what upside target(s) to expect but I'm happy to hear your thoughts!