Update on VET/USD
Hi guys, if you've seen my previous chart on VETUSD I wanted to update it and involve a little of the stochRSI. I've entered price ranges based on re-entry from oversold stochRSI up to re-entry from overbought.
Now if things stay optimistic from this point onwards, it looks like we have truly bottomed out and we are headed towards another re-entry from the oversold region. There are a few resistances on the way, hopefully we flip 0.095 and re-test for another leg up.
Disclaimer:
BTC and ETH have to behave. EIP-1559 hype seems to be pushing ETH along pretty well. BTC has pushed through major resistances and closed with a nice monthly candle above the 41.7k area.
That is ignoring all the currently poor outlook on the political and economic front. The USA is at an ATH inflation since the 1980's, with a CPI of 5.4%. RRP has hit the $1 trillion mark and with congress leaving for a 6-week vacation as eviction moratorium expires. In summary, not looking good and a recession seems to be coming. Play level-by-level and you should be fine.
Now if things stay optimistic from this point onwards, it looks like we have truly bottomed out and we are headed towards another re-entry from the oversold region. There are a few resistances on the way, hopefully we flip 0.095 and re-test for another leg up.
Disclaimer:
BTC and ETH have to behave. EIP-1559 hype seems to be pushing ETH along pretty well. BTC has pushed through major resistances and closed with a nice monthly candle above the 41.7k area.
That is ignoring all the currently poor outlook on the political and economic front. The USA is at an ATH inflation since the 1980's, with a CPI of 5.4%. RRP has hit the $1 trillion mark and with congress leaving for a 6-week vacation as eviction moratorium expires. In summary, not looking good and a recession seems to be coming. Play level-by-level and you should be fine.
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