VeChain/USDT. Testing the 0.5 Fibonacci.
Current Market Cap 1.69 Billion
Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents!
Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's.
Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous resistance now being tested as support.
We also have a non confirmed conditional buy signal.
Should the 0.5 level not hold up, long term bulls should look for buys in the golden pocket (1 cent) This area is a support/demand zone / previous minor resistance.
The POC compliments the 0.786, (half a cent) long term bulls should reload again.
Biggest Volume Profile appears between 0.3 - 1 cent.
RSI is forming a nice falling wedge, a breakout + HH could initiate a rally. Stochastic is oversold.
Selling Volume has slowly declined over time.
Timing the tops/bottoms isn't important nor does it work. DCAing into your favourite projects that you believe in is best.
About..
VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos.
VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices.
VeChain makes use of two tokens: VeChain token (VET) as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer.
Speculative Setup, DYOR. Allow 3-18+ Months For all Crypto Ideas.
Credit to without_worries for allowing use of indicators.
Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents!
Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's.
Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous resistance now being tested as support.
We also have a non confirmed conditional buy signal.
Should the 0.5 level not hold up, long term bulls should look for buys in the golden pocket (1 cent) This area is a support/demand zone / previous minor resistance.
The POC compliments the 0.786, (half a cent) long term bulls should reload again.
Biggest Volume Profile appears between 0.3 - 1 cent.
RSI is forming a nice falling wedge, a breakout + HH could initiate a rally. Stochastic is oversold.
Selling Volume has slowly declined over time.
Timing the tops/bottoms isn't important nor does it work. DCAing into your favourite projects that you believe in is best.
About..
VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos.
VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices.
VeChain makes use of two tokens: VeChain token (VET) as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer.
Speculative Setup, DYOR. Allow 3-18+ Months For all Crypto Ideas.
Credit to without_worries for allowing use of indicators.
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.