VeChain, a good buying opportunity?

19 thg 2, 2022

The 5D time timeframe is showing us a decrease in selling volume and price responding well to previous support where VeChain spent some time last February, with a wick touching .04416. The smaller time frames like the 4H indicate that we have found some support at current prices. I had my orders filled earlier but will still be keeping an eye on VeChain and Bitcoin, more downward price action is also possible. A stop loss is a good friend in a volatile market!

With that said, I'm cautiously optimistic. As long as the 39,500 support holds for Bitcoin then we can expect a healthy rebound from VeChain.

Enjoy your weekend.

21 thg 2, 2022

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Bitcoin has closed below the 39,500 support. This is concerning from a buying perspective, I would be cautious. Will just be scalp trading until I see signs of a bullish reversal.

27 thg 3, 2022

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I'm glad I bought some VET. Compared to some of the other charts VET had more MSBs that were notable to me so I bought less of this, a shame, but always good to play it safe! Expecting more out of VET if Bitty permits.