Vetbtcbuy
VETBTC Latest Technical AnalysisWe are doing Analysis of VETBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Adil Khan
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Technical analysis:
It has been noticed that BTC gains power and slowly crawls upward while Alts demonstrate times faster growth. Vechain seems to lag behind in this rally, however it reached Fib 1 retracement level and global bottom. The most important is that we see a third fractal breakout from descending crossed trend line. The price is above EMA50 (Blue line) confirms the reverse. Stoch RSI is in overbought area, however volume goes up, while MACD is Bullish.
VET broke a large falling wedge that lasted almost a month. The price crossed Ichimoku red cloud resistance. EMA20 holds a dynamic support, RSI is in uptrend.
Overall: indicators shows possibility of a large growth we recommend to hold VET for several weeks
The next important resistance is around 0.00000126, then long term consolidation will finish and bull run will start
Signal:
Buy zone: 0.00000103-112
Sell targets:
0.00000126
0.00000154
0.00000181
Stop loss:
0.00000097
VeChain analysis: Bullish move on the horizonJuly 26, 2018 price action to current date is shown in this VeChain analysis. A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC.
Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the current downtrend line would also argue for a bullish bias.
0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.
VET/BTC will break up shortly.Wooow VET just doesn't want to make any distinct moves lately. I started accumulating at 158-160 sat. I will sell half of my position at 174 Sat because I'm not a greedy bastard but I do feel that it could make a 30% move in the next few weeks. So if your a 'hodler' I would recommend buying a bag at the current price (160 sat). Especially if BTc pumps due to this supposed ETF gets approved, but to be honest I'm not too hopeful. All the news articles about it are iffy and I keep hearing fake dates that will "determine the start of a 2018/2019 bull run". Most of this is BS and never trade accordingly.