VeChain (VET) to $1 by August 2024 ??

11 thg 4

On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include:

1) Price action and RSI resistance breakouts.

2) Trend reversal, higher highs higher lows replace lower highs lower lows.

3) Support and resistance, the black arrows, price action has confirmed support on past resistance.

4) The bull flag pattern. Price action breakout forecasts a move to $1 as measured from the 2020 impulsive move.

Is it possible price action corrects? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <=6%
Timeframe for long: You decide
Return: 2000%

13 thg 4

Giao dịch đang hoạt động

Past resistance confirms support.

19 thg 6

Ghi chú

Target adjusted to 70 to recognise backtest.

1 thg 7

Ghi chú

A close above 0.03 this week, throw the farm at it. Well not really but..

29 thg 9

Ghi chú

A resistance breakout on price action is confirmed. The target is adjusted in consideration of the flag breakout and backtest pullback. The extension must be measured from support.



Now I’m not trading this, in fact I’m not touching any legacy tokens throughout this bull market. This idea was published because so many were asking about it.

For the bulls, 7 cents is the huge resistance you want to see broken. Once that happens, the target is very probable.

Ww

13 thg 12

Ghi chú

Expect a drop in price action over the coming weeks.