Fuel the jet, MAs spooling inside pattern, condensing tighter as it closes, major move to upside probable, but first...
- Meeting resistance at intersection of upcycle Fib 0.236 and upper trend line ($280.9) which may result in rollover and retest of lower trend line or bounce off $240 where upcycle 0.382 and downcycle 0.236 run together.
Whether breakout now or...
Crucial Meeting of 7MA & 77MA with Downcycle Fib Retrace, Vol Profile & Upper Trend Line forming trifecta of resistance...
- If price breaks out: high probability of hitting downcycle 0.618 ($31-$32) and bouncing of either downcycle 0.382 or upcycle 0.618 ($27-$28) before trend reverses to upside.
- If rejected: likely see a stop at the zeros ($23.5-$24.5) and...
VET-BTC appears to have a lot of energy stored up in its chart and while it has some resistance at the 95 - 100 sats level, it looks to be in an uptrend since late December. And while the 7MA has crossed above the 77MA, they're both still under the 231MA which typically means price action will be relatively slow moving. But once those MA's get air, VET will likely...
