rlando

rlando Updated 

Updated my previous Elliot Wave setup I posted a little while back before the big crash. Fib levels based on log scale this time with two potential wave 4 playouts. One considering the .5 retrace(orange) as the bottom of wave 4, and the other considering a .618(orange) retrace as the bottom of wave 4.

rlando Updated 

Here's my current long term setup for VET. I have 2 buy targets i'm looking to get in at for the start of wave 4 (either a .5 or .618 retrace from the top of impulse 3) if this wave pattern holds. In my last post, I had VET in a symmetrical triangle on the daily chart. It failed to breakout to the upside and has forced me to reevaluate the longer term prospects of...

rlando Updated 

Bollinger Bands are around as narrow as they've been in 2021. Volatility will pick up soon as VET approaches the conclusion of the triangle pattern it is in. An upward breakout of the triangle pattern should at least see us retest the all time high, and hopefully break $0.30 or even $0.40. I feel like a decisive daily close below the triangle's lower trendline in...

rlando Updated 

Nothing special, just fib pasta along with an idea about a potential local bottom if the one labeled iv does not hold, and corresponding fib extension (Blue) in that scenario. There is clear resistance in the 22.4-22.5 range, just under the (orange) 0.618 fib line. This would be the first major resistance i'd like for VET to break before trying to retest the all...

rlando Updated 

Looking for bullish confirmation on the next Heiken candle and increasing volume to support a potential large move to the upside after recent sideways movement and consolidation. If bullish confirmation fails, it may be grounds to retest the lower curve of VET's parabolic trend in the low 17 cent range. BTC.D still under 50% even after BTC's recent rise up past...

rlando Updated 

VET is still comfortably in a parabolic pattern. Currently, it is trying to hold its 21day EMA and the 1 fib channel line as support. My hope is that the trend will continue if the support holds, especially with BTC.D now continuing to fall below 50%. Not shown, but i'd also like to see the MACD cross upward over the next week as well as the rsi to break into the...

rlando Updated 

Not sure if it would be valid, since we dropped into the pattern. VET's daily rsi is now close to leaving the overbought zone, which i'm glad to see because I think after the run we just had we need to consolidate. If this pattern plays out, I suppose $0.3 could be our next major stop. However, if we lose the lower trendline, the first thing i'd be looking for is...

rlando Updated 

After making a new all time high and teasing .19, VET is currently experiencing a healthy retrace. Here are some fib lines and what i'm hoping to see over the next few days.

rlando

As you guys can see from the chart, VET has clearly been showing signs of slowing down over the past few weeks or so since breaking the previous VEN all time high of around 9.5 cents. The recent string of doji candles, coupled with declining volume, an overbought rsi (~82), and a mac d line that might be at a local maximum have me thinking we could be in for a...

rlando

VET has been a little indecisive recently. However, narrowing Bollenger Bands may mean a substantial move to either direction is coming. After such a great month of March, I personally feel like VET may need a little more time to cool off before continuing higher past 10 cents. In the event of a solid dip I believe we should be able to find support within the 7.5...

rlando

Looking to see if VET breaks through the upper (white) trendline at the .786 fib level of about $.055. I suppose a rough estimate of the potential upside, should there be a breakthrough, would be to around $.086 over the next week or so. But who knows in this wild market... May sell if we get rejected at $.055 to see if we hold that lower line again. Overall,...