Interesting trends forming on several VET pairs. VET has moving sideways since 3rd week of April against USD and BTC and are now forming a symmetrical triangle, which could indicate continuation of uptrend.
IMO the pair to watch is VET/ETH...descending channel since mid April, now wedging, could indicate reversal of downtrend. Bullish divergence on 4h + triangles indicate a move one way or the other is coming soon. Looking to see breakout of descending channel w/ a close above and lots of volume.
VET will follow the market...if we see a correction with BTC, all bets are off. Do your own research.
VET/ETH:
-Ascending wedge on the daily
-Dipped below 50 MA on 5/8
-RSI Bullish divergence on the 4h
VET/USDT, VET/BTC:
-symmetrical triangle forming -- continuation of uptrend?
IMO the pair to watch is VET/ETH...descending channel since mid April, now wedging, could indicate reversal of downtrend. Bullish divergence on 4h + triangles indicate a move one way or the other is coming soon. Looking to see breakout of descending channel w/ a close above and lots of volume.
VET will follow the market...if we see a correction with BTC, all bets are off. Do your own research.
VET/ETH:
-Ascending wedge on the daily
-Dipped below 50 MA on 5/8
-RSI Bullish divergence on the 4h
VET/USDT, VET/BTC:
-symmetrical triangle forming -- continuation of uptrend?