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Vechain

VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe. VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended. Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone. At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC. At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC. Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe. If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe. Here is a wider look at this 1d chart: I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
2
VET Big Symmetrical Triangle reboundVET/USD (Daily) Bullish Case - Uptrend Support Line being held, seem to have found Support between $0.07-0.08 area which is previous supports and range for a while now. - Symmetrical Triangle intact. - MACD/Signal and Histogram reversing - RSI low and reversing. - Bullish Divergence with RSI. - Market Cipher B shows a Big Bullish push-up with a print of multiple Green Dots printed at the lows. Bearish Case - Can see further drops to the next lows at $0.055-0.06 Thoughts?
Long
by CryptoFallen
Analysis VET/USDT on Daily chartRSI is slowly moving towards 50, which indicates a possible upmarket. The Heikin Ashi indicator is also showing green blocks (indicator below). Which also confirms we're most likely looking at a possible uptrend. In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend. The Supertrend Ninja indicator is forming its 9th bullish signal for the 1 day chart in 2021. Six out of 9 signals, the price indeed went higher with a Monster Trend on March 2021. Supports and resistances are displayed in grey. With below the price a strong support. With each trade I make, proper risk management is essential. Either by using the Trailing Stoploss Bottom Activation indicator, visible as orange dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using the Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop. Thank you for reading. Namasté Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
by Kch28
Long on VETI think we are about to see a pump out of VeChain. Indeed RSI is in the 'buy zone' and I believe we are approaching the bottom. Linear Regression candles also started to flip green which is a good sign but we need confirmation of uptrend with a green candle above the white line. I would not like price to go below the strong support at $0.056 even though we could see a wick to that level. We might see the start of a W pattern just like we had in previous months. When the bounce occurs, I expect price to go back up to at least the 0.5 fib level at $0.16 or top of the channel at $0.17 for a potential break and retest of the triangle line. I think if we break white line on RSI we should break through the triangle, if not we could come back down and consolidate some more inside the yellow triangle pattern. What are your thoughts?
Long
by Fenrir_Crypto