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VETBTC trade ideas

VeChain (VET): Really Interesting ChartLooking at VeChain, technical developments are exciting. First, we see that VeChain (VET) is right up against horizontal resistance that the 38% retracement of its recent move down. That level should create a pause and allow for profit-taking. In the event VeChain blows through the 38% level near 81, the next upside target could be 111. The 111 level is the possible location for a "previous 4th." A previous 4th is Elliot Wave jargon for the point where the final significant decline began. It is typical for bear markets to correct by rallying to this level and even beyond it. Bottom Line : VeChain (VET) is up a lot in percentage terms. If VeChain (VET) continues to rally from here, it could sign of both a fundamental turn around in this coin and possibly the start of a full-on alt season.
by tokenmetrics
VET - Are the Moonboys Going to Get Burnt?After that stupid run on VET, could it be over? If we're looking at the indicators... yes.. HOWEVER. On the side of the bulls One thing I do like about about a potential bullish scenario is that all the moonboys are on board, which could see it push higher after this retracement, despite the evidence telling us we're going down. If we continue to push from here, i'd be eyein off 100 sats. One other thing I kinda like is that the chikou span has broken out through the cloud at the same time as the price did, which is a nice bullish signal. On the side of the bears - steamroller is screaming down - as are the CCI and RSI - We have a solid demand zone around 60 sats. I think for this one, i'm on the side of the bears, but when fomo kicks in with this coin, it kicks in HARD.
Short
by Unity-Trading-Group
3
VeChain Steep Uptrend | Can Do 100%+ MoreVeChain (VETBTC) is moving up strong and gaining momentum... Can it go higher? VETBTC has grown over 125% after hitting a low on the 26-Oct. Our public trade generated 80%+ already, you can see it below: If you look at other Binance altcoins that are already growing with good strength and volume, you can notice that they continue to grow regardless of Bitcoin, so these ALTSBTC pairs are now in a strong bullish wave. We can see many pairs growing 200%, 300%, 400%, and even higher. If VETBTC follows the same pattern, then it is very likely to grow even more. Right now there is a break above EMA200, which is a very strong resistance level. With this level conquered, it can work as support on a retrace and also as a signal that the future is bright for this altcoin pair. What's your take on where VeChain is headed? Share with us in the comments section below. Namaste.
Long
by MasterAnanda
2
VETBTC - Rejected by 200 DMA , correction aheadVETBTC has been rejected by the 200 DMA (63 sats). Volume declined and did not follow through for close above 200 DMA and higher prices. RSI went into overbought territory and is cooling down now. Next support is 50 sats but it looks like it is more like the price will go down to 46 sats which is 0.618 fib level. Right now the chart show it is a short opportunity. 46 sats or 0.618 fib level would be a good place to take a long position. Key levels on chart.
by sshussaini