The VET/USDT 1D chart shows a clear bearish trend over the past few months, with price consistently moving within a descending channel. Currently, price is approaching the upper boundary (channel resistance), which is a critical area to determine the next direction.
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Pattern: Descending Channel
This pattern is characterized by:
Lower Highs (LH) → red resistance line
Lower Lows (LL) → yellow support line
This structure indicates strong selling pressure, but it can also become a potential reversal or breakout zone.
👉 At the moment, price is near the channel resistance, meaning:
A rejection could occur (continuation downward)
Or a breakout could happen (start of a bullish reversal)
---
Key Levels
Main Resistance:
0.00775 (current rejection area)
0.00888
0.01040
0.01285 (highest target in bullish scenario)
Main Support:
0.00640
Lower channel area (~0.0045 – 0.0050)
---
📈 Bullish Scenario
Bullish confirmation occurs if:
Price breaks and closes above the channel resistance (red line)
Strong breakout above 0.00775
Potential movement:
Target 1 → 0.00888
Target 2 → 0.01040
Target 3 → 0.01285
💡 A breakout from a descending channel often signals the beginning of a trend reversal.
---
📉 Bearish Scenario
Bearish momentum continues if:
Price fails to break out and gets rejected at the channel resistance
Strong rejection around 0.00775
Potential movement:
Retest of 0.00640
Continuation toward the lower channel support
A breakdown could push price to 0.0050 or lower
💡 As long as price remains inside the channel, the primary trend is still bearish.
---
Conclusion
Market structure remains bearish (descending channel)
Price is at a critical decision zone (breakout or rejection)
Confirmation is key: avoid entering before a clear breakout or rejection signal
#VETUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoins #BearishTrend #BullishBreakout #DescendingChannel #CryptoTrading #SupportResistance
---
Pattern: Descending Channel
This pattern is characterized by:
Lower Highs (LH) → red resistance line
Lower Lows (LL) → yellow support line
This structure indicates strong selling pressure, but it can also become a potential reversal or breakout zone.
👉 At the moment, price is near the channel resistance, meaning:
A rejection could occur (continuation downward)
Or a breakout could happen (start of a bullish reversal)
---
Key Levels
Main Resistance:
0.00775 (current rejection area)
0.00888
0.01040
0.01285 (highest target in bullish scenario)
Main Support:
0.00640
Lower channel area (~0.0045 – 0.0050)
---
📈 Bullish Scenario
Bullish confirmation occurs if:
Price breaks and closes above the channel resistance (red line)
Strong breakout above 0.00775
Potential movement:
Target 1 → 0.00888
Target 2 → 0.01040
Target 3 → 0.01285
💡 A breakout from a descending channel often signals the beginning of a trend reversal.
---
📉 Bearish Scenario
Bearish momentum continues if:
Price fails to break out and gets rejected at the channel resistance
Strong rejection around 0.00775
Potential movement:
Retest of 0.00640
Continuation toward the lower channel support
A breakdown could push price to 0.0050 or lower
💡 As long as price remains inside the channel, the primary trend is still bearish.
---
Conclusion
Market structure remains bearish (descending channel)
Price is at a critical decision zone (breakout or rejection)
Confirmation is key: avoid entering before a clear breakout or rejection signal
#VETUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoins #BearishTrend #BullishBreakout #DescendingChannel #CryptoTrading #SupportResistance
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.