Panjang
VET Consolidating, where to next?
Vechain update:
Daily & 4 HR remain bearish at the moment, but from a TA standpoint it looks like we may have found our support here. This would complete a triple bottom and indicate a reversal to the upside. Looking at he 90min chart we see Cypher B indicator in Panel 2 showing some bullish activity.
Rule of thumb:
-PRICE ACTION FIRST, THEN INDICATORS: at this point in time I would not call a bullish reversal until price action breaks through the waves of cypher A and flips from gray to white. Those EMAs are our nearest resistance with the FIB levels to follow. .20 is our battle ground, break above we're bullish, a rejection would entail another retest of our nearest fib support. For more details or my play by play, feel free to comment and ill get back asap. Personally, I am perpetually long VET as I see this changing and being the future global logistics blockchain integration.
Daily & 4 HR remain bearish at the moment, but from a TA standpoint it looks like we may have found our support here. This would complete a triple bottom and indicate a reversal to the upside. Looking at he 90min chart we see Cypher B indicator in Panel 2 showing some bullish activity.
Rule of thumb:
-PRICE ACTION FIRST, THEN INDICATORS: at this point in time I would not call a bullish reversal until price action breaks through the waves of cypher A and flips from gray to white. Those EMAs are our nearest resistance with the FIB levels to follow. .20 is our battle ground, break above we're bullish, a rejection would entail another retest of our nearest fib support. For more details or my play by play, feel free to comment and ill get back asap. Personally, I am perpetually long VET as I see this changing and being the future global logistics blockchain integration.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.