The TRUE buy & sell moments for Vechain, continued: BUY!


I already discussed Vechain Thor’s price movements at length in the previous articles:
- The TRUE buy & sell moments for Vechain (+ the next BUY moment!)

, and in its sequel:
- The TRUE buy & sell moments for Vechain (+ the next BUY moment! Ctn’d)

Here is a very quick recap:

In 1 (see MACD Region of the graph), we had a bullish triangle break-out accompanied by a golden cross in the MACD and a similar bull cross in the Stochastic Momentum Index ("SMI"). Other interesting indicators providing more convincing of a pending bull break-out at that time were the Chande Momentum Oscillator , and the Relative Strength Index . All that made the number 1 bull break-out on December 13th:

Weeks later, +- on the 24th of January, we saw the opposite: a trend reversal preceded by a Heikin Ashi doji , and accompanied by a death cross in the MACD in 2, and negative sentiment in the "SMI". Consequently, this moment can be highlighted as the bear break-out (number 2).

I then warned for the buy the rumour sell the news phenomenon, an event that subsequently took place on the rebranding day of VEN to VET, on the 26th of February – in 3.

I highlighted the divergence between price and Chande Momentum Oscillator somewhat later, which preceded a bullish triangle break-out, although short-lived, in 4. I also called that moment to be the next big BUY moment, but I was a little bit too early with my prediction. The MACD was indeed headed for a bullish cross, but due to the negative market sentiment first had to take one more leg down (albeit relatively limited).

Conclusion - TODAY:
However, if we look at 6 today, we see that we have practically everything that makes for a good recipe for bull-cake.
--> We have the MACD finally inclining upward with blue above red and just after a bull cross.
--> We have positive sentiment in the Stochastic Momentum Index ,
--> we have a break-out of the negative trend channel that has been holding VEN hostage ever since the Bear break-out on January 24th.
--> And we seem to have a decent support at the 61,8% Fibonacci retracement level. Currently we are flirting with the first 23,6% target level (see 7) after which we could head further towards 8.
--> Even if we bought in 4, we had ourselves a nice upward move where we could've taken profits, or we could've stayed in our position in the assumption we already had the big buy moment, which would mean a temporary & small loss position, that has already turned positive in the meanwhile!

So, hereby I would like to correct the “True Buy moments” for Vechain a little, by moving that moment from 4 to 6 (first of April), which is just before the triangle and negative trend channel break-out, and which has all the required indicators going for it.

Move the TRUE buy moment from 4 to 6:

Vechain, the floor is yours.
I see a cup and Handle formation on 1 day Chart. Have a look here:

ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出