VTHOUSDT
VTHO - VeChainThorTHOR!!
Here is a quick technical analysis of VTHO a few things I can point out using the indicators the standard indicators on here. I added RSI to point out one level there.
*This is a 1 day time frame and these indicators and will change if you are looking at hours or so on and want to make day trade movements.*
First, lets look at RSI 14. Notice that whenever we rise above 60 we generally make a significant jump. I have circled this on the RSI line. We are edging up closer to that 60 as we speak and will be interesting to see if the same thing happens. Current RSI is at 52.
Also, I have indicated a few levels of support/resistance (within range, give or take a few). It looks like we hold really nice at .0175, however below that is .0147, or .0138. Above we look to break and stay above .0199.
If you are not familiar with VET, I encourage you to read the white paper here:
www.vechain.org
Also, VTHO and it's future... for more information please see:
medium.com
THANKS for reading! Like if you Like!
Happy Trading :)
Much Love
DustyPH
*all comments are welcome*
$VTHO is ready to explode!Here is my $VTHO prediction for the next 10 days. Could happen sooner if hype and volume picks up.
Breakout!Lets see if we can follow vechains footsteps. Chart says it all. hopefully a good time to buy correct me if i'm wrong
VTHOUSD Groundhog ready to poke head up, see light of dayBINANCEUS:VTHOUSD looks ready to make a significant move in the next few days. I could be wrong (i.e., this is not financial advice) but VET has been hot and I wouldn’t be surprised if VTHO followed suit.
We have a nice wedge, which, in my professional opinion is a wedge of the upward moving variety, as far as wedges go. Wedge way it goes, nobody knows (that’s a pun), but I’m long. The aforementioned Groundhog refers to the short-term MA popping back above the medium-term MA. That’s when Spring begins again.
Feel free to share your thoughts...
$VTHO Breakout
$VTHO CAUGHT ON THE BREAKOUT
Taking a look at VTHO here and the recent strong bullish performance of the big brother VET, these gas tokens usually perform well not long after the main project surge (Look at THETA and TFUEL for another example)
VTHO looks like it is on the verge of a breakout of a symmetrical triangle on the daily chart and looks incredibly bullish. If it successfully breaks out then you could expect a surge of up to around the $0.026 area so this is quite the explosive move!
If you want to enter this trade then you could look to enter around either the breakout or wait for the confirmation of the retest and set your stop loss just under the triangle for confirmation of invalidation.
ENTRY - $0.0169 - 0.0184
TP1 - $0.0211 - 0.0226
TP2 - $0.025 - 0.027
STOP LOSS - $0.0142 - 0.0129
TRADE SAFE guys and keep an eye on BTC if you are going to enter into any trades.
Team Crypto Society ❤️