Hi All,
VET does not seem to be losing momentum based on the daily and weekly indicators.
Neither is the ALT season is over.
I see this pullback with 2 possibilities, moderate or deeper.
The moderate pullback is playing out but the deeper ABC correction can be there with the 0.5 or 0.618 fib retracement on this impulse wave, chart below.
Hence the daily EMAs can have confluence to being support.
All the best,
S.SAri
DAILY Chart
tradingview.sweetlogin.com/proxy-s3/snapshots/x/Xparlc7K.png
On the weekly, it found support on the 0.382 fib level. However just like BTC, it has the possibility to hit the weekly 10 EMA.
Phoenix or WT is bullish for weekly and daily.
tradingview.sweetlogin.com/proxy-s3/snapshots/m/mlNxVYzq.png
VET does not seem to be losing momentum based on the daily and weekly indicators.
Neither is the ALT season is over.
I see this pullback with 2 possibilities, moderate or deeper.
The moderate pullback is playing out but the deeper ABC correction can be there with the 0.5 or 0.618 fib retracement on this impulse wave, chart below.
Hence the daily EMAs can have confluence to being support.
All the best,
S.SAri
DAILY Chart
tradingview.sweetlogin.com/proxy-s3/snapshots/x/Xparlc7K.png
On the weekly, it found support on the 0.382 fib level. However just like BTC, it has the possibility to hit the weekly 10 EMA.
Phoenix or WT is bullish for weekly and daily.
tradingview.sweetlogin.com/proxy-s3/snapshots/m/mlNxVYzq.png
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.