thedailychartist

thedailychartist

Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see...

thedailychartist

Adding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone. Note also the downward volume trend as price consolidates further. Looking bullish to me honestly. BUT... This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even...

thedailychartist

A bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge. A confirmed break opens up a run to new ATH and into price discovery mode.

thedailychartist

From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal. Just needs to break that neckline around 0.0000233

thedailychartist

Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term. Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.

thedailychartist

Strong pullbacks always have at least 2 legs so I think here it is finally. Recent lows need to hold for the bulls and need to break for the bears. I have 33,000 as a support, followed by 30,700 (previous bounce area--- check 4HR Chart below).

thedailychartist Updated 

LINK is killing it with its recent rally and looks to re-testing 18.80 key resistance level. Break that on a weekly close basis and higher chances for prices to run new ATHs.

thedailychartist Updated 

Needs to break out of this consolidation. Odds are in favor of the bulls due to the preceding rally and a breakout of this descending channel . Could kick off THAT altcoin rally... ;)

thedailychartist Updated 

Currently at support and forming a potential breakout setup off of an inverted HS. Let's see how it deals with that neckline if the buying pressure persists.

thedailychartist

Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.

thedailychartist

Looking precarious as of the moment. The right shoulder is itself a smaller H&S formation. Still needs a confirmed break but looking weaker by the hour.

thedailychartist

Possible falling wedge bottom forming. Markets tend to continue what it's been doing recently so betting on a rally from this support level is reasonable IMO. Let's see how things pan out.

thedailychartist

Unless buyers take that level back, we should see further weakness or more sideways to down price action. Market seems to be attempting a bottom right now so we shall see. Volume is wanting but it could attract more buyers if current levels hold.

thedailychartist Updated 

Potential breakout setup playing out nicely so far. Those who sold that sudden pullback (previous candle) could fuel the breakout once they realize what's happening... Hang on to your seats, folks. :) I still think the bulls are in good position as long as we don't see any lower low price action forming.

thedailychartist

Wedge top breakout with follow through sell-off. Seeing support region at 1.1230-60 and bears will be looking to flip that to continue sell-off. On the other hand, bulls camp will look to buy at these areas. We might see a broad trading range going forward. Neutral for now but looking to buy until we see a clear break below support.

thedailychartist Updated 

Seeing the bearish case suggested in previous posts getting stronger. Let's see if it re-tests that neckline from here.

thedailychartist Updated 

It can be argued that we are seeing a breakout and re-test setup for this pair. If we work under that premise, it's reasonable to to expect a subsequent test of the 19.00 levels for a new ATH attempt. But only if 15.80 holds. Otherwise, more sideways to down are likely. Looking for a strong bullish close in today's candle.

thedailychartist

Another one I am watching for a potential breakout setup. Will let the chart speak for itself on this one.