ANALYSIS 🔎
- VET/BTC is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone.
- Conservative entry: breakout above the descending trendline resistance and horizontal resistance level (@0.00000263)
TARGETS 🎯
- Horizontal resistance level (@0.00000395).
- Horizontal resistance level (@0.00000443).
- Horizontal resistance level (@0.00000473).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending trendline support.
- Final invalidation: breakdown below the horizontal support level (@0.00000189).
- VET/BTC is on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry: the key fibonacci retracement zone.
- Conservative entry: breakout above the descending trendline resistance and horizontal resistance level (@0.00000263)
TARGETS 🎯
- Horizontal resistance level (@0.00000395).
- Horizontal resistance level (@0.00000443).
- Horizontal resistance level (@0.00000473).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Initial invalidation: breakdown below the ascending trendline support.
- Final invalidation: breakdown below the horizontal support level (@0.00000189).