VETUSDT trade ideas
Double bottom hidden.Just giving a heads up to anyone looking for a bottom. It does not show up here, but on Binance dot US, we can see on all TF's that VET struck $0.03304 on may 1st and then struck $0.03300 this morning.
This counts as a double bottom! I'll be back in a bit to give you an opinion on how far it will go before turning around.
VECHAIN LONG NOW FOR 100% +Hello guys,
as always sharing this with you to make you a lot of $$.
We have likely seen VET bottom to finish its big wave 2, this means we will now enter one of the most explosive waves for Vechain this cycle - wave 3.
It looks like we can long straight from here, this is what I am doing I put my $ where my mouth is.
Let's do it. VET to double now
VETUSDT - BULLISH OUTLOOKVETUSDT is exhibiting a bullish divergence
on the 4-hour timeframe, suggesting a
potential reversal in the prevailing downtrend.
Furthermore, the price has successfully breakout of 4h Tf Falling Wedge also its
breaked its lower high level and established a
higher high, indicating a strengthening bullish
momentum.
Based on this analysis, a trading strategy can
be outlined as follows:
Entry: Consider entering a long position at the
current market price of $0.03649
Stop Loss (SL): Place a stop loss order at
$0.03260 to manage risk and mitigate potential losses
Take Profit (TP): Set take-profit levels to
achieve a 1:1, 1:2 risk-reward ratio:
TP1: Set the first take-profit level at $0.04030
TP2: Aim for the second take-profit level at
$0.04420
This trading strategy anticipates a bullish
reversal based on the identified bullish
divergence and the breakout above the lower
high level.
VETUSDT is BullishVET's price was in a declining phase printing lower highs and lower lows. However, the emergence of bullish RSI on 4H time frame hinted that bulls are taking control of the price action, which was further validated by by the break of previous lower high and printing of higher low. It is expected that bulls will move the price to new highs from here. Targets are mentioned on the chart.
VETUSDTVETUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.04500
What you guys think of this idea?
#VET VeChain is forming a bullish flag pattern on the daily cha#VET
VeChain is forming a bullish flag pattern on the daily chart🔍
The price is currently testing a dashed resistance level and is also bouncing from the 200 moving average👀
This could lead to an upward move, with targets at $0.0515 and $0.0750🎯