The VANAUSDT chart shows a falling wedge pattern, indicating a bullish breakout potential in the longer timeframe. Current indicators suggest short-term bearish pressure, as reflected in RSI and stochastic levels, showing a cooling period. However, with the wedge nearing its resolution and price consolidating, the setup points towards a bullish breakout in the long run. This aligns with historical breakout tendencies from falling wedges, making VANAUSDT promising for extended holding durations. Short-term caution is advised.
The VANAUSDT chart shows a falling wedge pattern, indicating a bullish breakout potential in the longer timeframe. Current indicators suggest short-term bearish pressure, as reflected in RSI and stochastic levels, showing a cooling period. However, with the wedge nearing its resolution and price consolidating, the setup points towards a bullish breakout in the long run. This aligns with historical breakout tendencies from falling wedges, making VANAUSDT promising for extended holding durations. Short-term caution is advised.
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The BTC Dominance (BTC.D) chart indicates a bearish divergence forming as dominance pulls back from its peak within a rising wedge pattern. Momentum indicators like RSI and stochastic are turning downward, reinforcing short-term bearish sentiment. However, the longer-term structure still maintains higher lows, suggesting potential bullish continuation after consolidation. For VANAUSDT, short-term pullbacks align with BTC's influence, but the longer-term trend remains upward. This setup points to bullish opportunities after temporary corrections for VANAUSDT.
Trade Details:
Entry: Around 17.029 ( Join my Binance live for premium crypto signals )
1st Tp: 17.388
2nd Tp: 17.719
3rd Tp : 18.038
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