$VET got rejected hard off resistance zone. Most alts losing strenght due to strong $BTC, doesnt only aply for $VET.
Since our previous analysis Bitcoin has made a higher high and is back to "full bull mode". ATH is working like a magnet to the $BTC price atm, but also acts as a last stand for the remaining bears. When ATH is broken we expect massive daily candles while we charge towards the $100k.
$LINK bounced of a pretty solid support level but is now facing heavy resistance of previous support now turned R. Also right above here we find the 200D EMA. Caution is needed here!
#VeChain is facing heavy R after the latest bounce. As you can see in the chart, the 200D EMA and year long trendline resistance is holding it down here. Caution is needed here too.
$BTC had a nice bounce from the 99D MA (binance MA) but is currently facing pretty heavy resistance. If #Bitcoin follows the green path then we most likely see new ATH's in October. If #Bitcoin follows the red path we expect to see a completion of the "three drive pattern" which happens on BTC corrections a lot, this would also be confluent with a .618 fib...
#Vechain is showing a lot of strenght. Broke bear trendline with conviction. Currently facing last R (resistance) before shooting up to $0.25 I hope your bags are packed because we think this train will be leaving the station SOON!
If we compare the current PA (price action) with the PA we had in December 2020 we cant ignore the fact that it looks very similar. Tell us what you think about this fractal.
I our last post we noted that $BTC looked a bit top heavy... Well as we know BTC often does the opposite of what the majority thinks. If we look at the technicals 50k is a pretty heavy R (resistance). Flip this level and we'll see $60k+ prices and possibly a new ATH fairly quick.
#Bitcoin looks a bit exhausted and top heavy. Trendline from start of this rally seems to be broken, but the daily still has a lot of hours in it. If we are to move up from here, we would like to see a flip of the 50k resistance level. If we move down from here, the green box is where we will look for longs.
$LINK is currently retesting previous resistance. Showed some nice buying volume during the dump. Looks pretty good if the daily closes like this!
In our previous analysis of #VeChain we stated that we wanted to see some EMA flips. We got the flips and a +50% move, now currently retesting previous resistance. Would like to see a impulsive move up so we really can have some fun!
I think this doesnt ask for much text +100% in 1 week...
$VET broke the 200D ema resistance and kept moving up. Wanna see something like shown in the chart. Outlook: bullish
$ETH is currently leading the market. Awesome flip shown in chart. Outlook: very bullish
$SOL is currently breaking out and retesting previous resistance. Will we get a SOLsummer after all?? Outlook: bullish
Bitcoin moved into the next range with conviction. There is a clear path all the way up to at least 50k. Our outlook is bullish!
$SOL is currently breaking the bearish trendline that kept it down since the beginning of May. Will we get a SOL summer after all? The chart looks very good so let's see.
$VET is still hugging the 200D ema, once it breaks expect fireworks. Zwijberg has a very bullish outlook for $VET.