Satış
VEN/BTC Rising wedge. Buying opportunities
Hi Guys
Vechain has proven lately it is a very strong coin. Although I predicted a much bigger and deeper dip like most other ALTS during this correction, Vechain proved itself as the more resilient ALT on the market. However I see a RISING WEDGE forming. Rising wedges are full of spikes and dips and for those like myself who like to take small profits this is a nice opportunity to accumulate. The question now is... Will this rising wedge form another triangle or peak? My temporary bullish scenario says YES (watch volume) and if it does I will make a buy order on the wedge trend line. If it doesn't... I've put a stop loss just underneath the trend line for safety. My second bearish scenario might unfold too. If the rising wedge decides to dip beneath the trend line we might see a dip to the previous support line AND Yes I will buy this dip too.
Good luck!
TA über alles.
Vechain has proven lately it is a very strong coin. Although I predicted a much bigger and deeper dip like most other ALTS during this correction, Vechain proved itself as the more resilient ALT on the market. However I see a RISING WEDGE forming. Rising wedges are full of spikes and dips and for those like myself who like to take small profits this is a nice opportunity to accumulate. The question now is... Will this rising wedge form another triangle or peak? My temporary bullish scenario says YES (watch volume) and if it does I will make a buy order on the wedge trend line. If it doesn't... I've put a stop loss just underneath the trend line for safety. My second bearish scenario might unfold too. If the rising wedge decides to dip beneath the trend line we might see a dip to the previous support line AND Yes I will buy this dip too.
Good luck!
TA über alles.
İşlem aktif
I chose to sell a bit of VECHAIN just now. Securing small profits is key at this moment. Im chasing this asset with a tight stop loss around the 5770sats. Im not so sure it will touch the 6400sats trend line resistance. Im waiting for those big volume spikes :)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.