Let's quickly dive into VET, a Layer 1 project with a market cap of $2.37 billion, currently ranked 41st in coin market cap.
📊 In the 4-hour timeframe, you can see that a descending triangle has formed, and the floor of this triangle at $0.03068 has been broken, with the price now touching an important daily support at $0.02673.
⚡️ The RSI oscillator, following the triangle break, entered the oversell zone and, after concluding the downward leg, has rebounded above this zone, approaching the 50 area.
⭐ The volume aligns with the downward trend, and if the support at $0.02673 breaks, we could witness the next leg down. The next price support would be at $0.02406.
📈However, if the price moves back above $0.03068, it could indicate that the downward trend has ended. In this case, a risky long trigger would be at $0.03580, and the main long trigger would be at $0.03958. This reversal would suggest potential upward momentum, providing opportunities for long positions.
📊 In the 4-hour timeframe, you can see that a descending triangle has formed, and the floor of this triangle at $0.03068 has been broken, with the price now touching an important daily support at $0.02673.
⚡️ The RSI oscillator, following the triangle break, entered the oversell zone and, after concluding the downward leg, has rebounded above this zone, approaching the 50 area.
⭐ The volume aligns with the downward trend, and if the support at $0.02673 breaks, we could witness the next leg down. The next price support would be at $0.02406.
📈However, if the price moves back above $0.03068, it could indicate that the downward trend has ended. In this case, a risky long trigger would be at $0.03580, and the main long trigger would be at $0.03958. This reversal would suggest potential upward momentum, providing opportunities for long positions.
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.