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ENSIGN TRADING
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Here's the Analysis of #VET : #VET going through the large downtrend channel pattern and make a consolidation range over the support zone of $0.033 - $0.034. Buys looks healthy here but to be sure you can wait for the breakout of the consolidation. #VETUSDT

Here's the Analysis of #VET :

#VET going through the large downtrend channel pattern and make a consolidation range over the support zone of $0.033 - $0.034. Buys looks healthy here but to be sure you can wait for the breakout of the consolidation.

#VETUSDT

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Trading With The Trend #Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals. #Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish. It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.
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Lifespan metrics group: 1️⃣Supply-Adjusted CDD This metric tracks the movement of old coins that have been in cold storage for a long period. Strong spikes indicate the destruction of a large number of coin days, suggesting old coins are being moved, likely for selling. Calculation: Coin Days = Number of coins * Number of days the coins were inactive. Current situation: A sharp decline indicates reduced interest in selling old coins, suggesting a potential short-term pullback in Bitcoin within the broader upward trend. Rating: 8/10 in favor of buyers. 2️⃣Binary CDD Binary Coin Days Destroyed (Binary CDD) evaluates whether the volume of destroyed coin days for a given period is above or below the long-term historical average. 1: When the measured Supply-Adjusted CDD is greater than the long-term average. 0: When the measured Supply-Adjusted CDD is less than the long-term average. Current situation: Recent aggressive declines suggest a sharp decrease in old coin movement. The quarterly period with EMA is used to filter out daily noise and provide clearer information. Rating: 8/10 in favor of buyers. Total Lifespan metrics group rating: 8/10 in favor of buyers. The Lifespan metrics group shows a significant local decline in the interest of long-term holders to sell their old coins, indicating a potential short-term pullback in Bitcoin within the global upward trend. Despite this local change, the global outlook remains positive, supported by the behavior of these metrics. The Supply-Adjusted CDD and Binary CDD suggest a decreased likelihood of old coins being sold, indicating a stable long-term outlook for BTC.
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How to take Profit like a Professional Trader
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#BTC/USDT - It is Forming Similar As Cup & Handle Pattern So Wait For Breakout Keep An Eyes On This 👀 #BTC☀
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