Vechain (VET) | This Dump Will Lead To A Big Pump

 

Hey, friends hope you are well and welcome the new update on the Vechain coin. In this video you will watch how: 

On a long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction, the price action of VET broke out the Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well.


Click here to create an account on Binance, the best place to buy or sell Vechain coin

 


On the daily time period chart, the priceline is moving in a falling wedge pattern Vechain. Recently price action is rejected by the resistance of wedge and moving down. The volume profile is showing the weak interest of traders at the support of the wedge pattern. The moon phases indicator is also showing a new full moon above the resistance. Therefore there are chances of a breakout after a correction.

 

On the daily chart, the EMA 10 and 20 are in the bear cross. The stochastic and macd are weak bullish. When all three indicators will turn strong bullish then we can expect another rally to the upside.

 

The pricline is likely to move down to re-rest support at $0.011. The next resistance levels are $ 0.015, $ 0.018, and $ 0.021 respectively.

 

Conclusion:

The priceline is moving down after rejection by the resistance of the wedge. But before support of the wedge, we also have the strong support of $0.011. Therefore the priceline can retest this support and start the next rally for an attempt to break out from the resistance of the wedge.



/////////////////////////////////////////////////////////////////////////////////////////

To Join Forsage My Referral Link: https://trx.forsage.io/auth/t/omhpyr/

 

Make Sure While Signing Up My Forsage ID: 94633 Should Be Displayed On Screen

 

My Email In case you need help in Forsage setup if you are signing up with my referral: cryptocaptain133@gmail.com

Comments

  1. Selina Mary11 October 2020 at 23:26

    Looking at the VeChain Price today, we can notice that the cryptocurrency has performed successfully over the years.
    VeChain Price price today is $0.011527 USD with a 24-hour trading volume of $116,680,593 USD. VeChain is down 0.07% in the last 24 hours.

    ReplyDelete

Post a Comment

Popular posts from this blog

Its Not Hard For Litecoin (LTC) To Breakout $200 Resistance

Image
    Hi friends, hope you are well and welcome to the new update on Litecoin. The price action has bounced from the trend-line support: In previous article we have seen that the litecoin was moving down to the support of an up-trend line and this trend line is formed since 20 Oct 2020. And we were expecting a bounce from this trendline after this pullback. Now finally the price action has taken another bullish divergence after reaching at this support.   After getting bounced from the trend line support: Click here to visit this old article on tradingview:   Another successful harmonic move: In the meanwhile, I also shared another chart with you on 9 Dec, where I told you that the price acton of LTC is completing BAT pattern on small time period 4-hour chart. Now the priceline also has taken bullish divergence from the potential reversal zone of this pattern.   Ater bullish divergence from PRZ level: Click here to visit this old article on tradin...
Read more

Tron (TRX) Can Turn Your Thousand$ To Million$ Here Is Why | TRX Analysis 2020-2021

Image
Hi friends hope you are well and welcome to the new update on Tron. After the drastic drop from Feb to March 2020 the TRX has started the recovery rally like all other top coins. On daily chart the priceline has formed an up channel for the upward movement and recently on 10th and 11th May we have witnessed strong bearish candlesticks. And at that time the TRX was likely to break down the channel support. But now the candlesticks are moving side with the support and weak bullish candlesticks are appeared signaling that the bears are losing control.   The exponential moving averages: After the death cross between EMA 10 and exponential moving average 21 on 25th of February the price action was facing a strong bearish trend. Finally on 7th April the EMA 10 crossed up the EMA 21 and formed the golden cross. Since then the price action is using the exponential moving average 10 and EMA21 as strong support. We can see from 10th to 22nd of April the candlesticks had been moving sideways ...
Read more