$VET/USDT 3h (Binance Futures) Ascending channel on support
VeChain is up-trending and seems ready to push higher, luckily after a last dip down to 50MA!
Current Price= 0.069622
Buy Entry= 0.067740 - 0.065886
Take Profit= 0.073851 | 0.082114 | 0.090862
Stop Loss= 0.061160
Risk/Reward= 1:1.25 | 1:2.71 | 1:4.25
Expected Profit= +21.06% | +45.80% | +71.98%
Possible Loss= -16.92%
Fib. Retracement= 0.786 | 1.618 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.069622
Buy Entry= 0.067740 - 0.065886
Take Profit= 0.073851 | 0.082114 | 0.090862
Stop Loss= 0.061160
Risk/Reward= 1:1.25 | 1:2.71 | 1:4.25
Expected Profit= +21.06% | +45.80% | +71.98%
Possible Loss= -16.92%
Fib. Retracement= 0.786 | 1.618 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 10 days
Note
Went up +21.06% (2x) without filling usVeChain pumped instantly and almost hitting 2nd target, congrats if you entered manually!
Entry seems far away now, but we'll stick to it since a wick down can still happen any moment.
Note
More information about VeChainIt is a blockchain with the posited goal of "solving real world economic problems".
It leverages the Proof of Authority (#PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff.
research.binance.com/en/projects/vechain
Note
More information about VeThorIt is the secondary token of the VeChain Thor ecosystem and functions as the gas for transactions.
The amount of VTHO that is needed for a transaction depends on the size of the data that is sent on the blockchain.
research.binance.com/en/projects/vethor-token
Trade closed: target reached
TP2 would have been reached with +45.80% (2x) and +2.71RVeChain pushed higher and is now retracing down a bit, filling our entry seems unlikely but who knows?
Trade closed: target reached
TP3 would have been reached with +71.98% (2x) and +4.35RVeChain actually dipped a last time but not enough to give us entry.
We can see it kept respecting the ascending channel very well then broke down after.
I think entry is very far away now but I would be glad do be filled on a bigger retracement!
Note
VTHO/USDT 3h: Up to +151.15% since mentionedI hope you managed to manually buy some VeThor the other day.
If not, keep an eye on it because it is forming a falling wedge and price is above 50MA!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.