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VeChain / TetherUS PERPETUAL CONTRACT

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VETUSDT.P trade ideas

Vetusdt.p long scenarioHi guys. I think the direction of altcoins changes according to the direction of Bitcoin. we set up a long scenario under the condition that Bitcoin's downside correction stops. In rare cases, a symmetric triangle pattern may appear in wave 2 of Elliott. If Bitcoin's downward correction is not over, it will rise again after checking the end of the line after breaking out of the symmetric triangle with the abc wave. This is not a but&sell signal. good luck to you
Long
by hoeat
Bottom range: 0.01840-0.02299Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (VETUSDT chart) In conclusion, VET is currently a buy time for the mid- to long-term. Since the 0.01840 point or less is a long-term investment area, it is recommended to proceed when it shows sideways in the 0.01840-0.02299 section in order to proceed with the purchase from a mid- to long-term perspective. Otherwise, if you buy below 0.01840, you will have a really tough time because you never know when the price will actually rise. For more details, check out each chart below. (1M chart) From a long-term perspective, it is expected that a full-fledged uptrend will begin only when it shows support around 0.02695. (1W chart) Since the Bollinger bands have started to contract, the question is whether it can be supported near the HA-Low indicator on the 1W chart and rise above the HA-High indicator on the 1W chart. So, we need to see if it can get support around 0.01858 and rise around 0.02355. (1D chart) The key is whether it can get support around 0.01797-0.01858 and rise above 0.01958-0.02062. Therefore, it is important to be able to sideways within the 0.01797-0.02062 interval. In that sense, the volatility period is around August 3-17. ----------------------------------------------- Of the many indicators or lines displayed on the chart, the most important are the horizontal lines that mark points of support and resistance. Trading is to create a trading strategy and respond to it according to how it moves on these horizontal lines. Therefore, in order to mark the points of support and resistance, you need to look at the 1M, 1W, and 1D charts in order and mark the points of support and resistance. This is because support and resistance points are the strongest lines drawn on the 1M chart. Therefore, other indicators or lines are not directly related to the trading strategy as they are supported or resisted at support and resistance points and are viewed from a trend perspective. The reason why several lines are drawn on the chart in advance is that the positions of support and resistance points may change each time you see them depending on price volatility or your own psychological state. Since this can cause fatal problems in creating a trading strategy, support and resistance points must be marked based on objective data. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
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