VeChain Daily bullish setup

2 mai 2019

A bullish scenario for VeChain on the daily timeframe (VET/USDT Binance). Remember that BTC can always ruin the party, so always look at BTC first!

If BTC decides to stay in a bit of a positive mode and volume comes in, I would expect Vechain to reach 0.01 in three steps.
- RSI is low and going up;
- MACD is about to cross positive;
- Hit the 0.5 fib three times.


Target one: ± 760-770
Target two: ± 850-870
Target three: ± 980-1050

11 mai 2019

Note

BTC rallied.

VET is still in its buyzone. If BTC decides to cooldown here and go sideways/ have a healthy correction, then alts will probably come in to play.

Target 1: sell 25%
Target 2: sell 25%
Target 3: sell 25%
The other 25% ride the wave up using tight stop-losses

15 mai 2019

Transaction en cours

First target is reached. Now waiting for consolidation and then to target 2. Keep an eye on BTC.

16 mai 2019

Transaction en cours

Well that went fast, 2nd target reached. Should find support on previous high around 760.

Keep an eye on BTC, if this is the beginning of a correction then VET will drop more.

Use stop-loss!!

19 mai 2019

Transaction en cours

The 5000 BTC drop caused all alts to bleed and my Stop-loss was hit. Re-entered at 710 Sats.

VET is again hovering above Target 1. So lets take it for another run when BTC is done to target 2 & target 3.