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VeChain - 1 day chart updateNote that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to contract and pinch inwards. Looking at the Schiff Pitchfork Pattern (A,B,C), note that VET is still ABOVE its Schiff Pitchfork Median Line. A continuation of daily closes ABOVE this level is absolutely crucial. VET is BELOW its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator, so be on the lookout for when VET crosses & closes back above the LSMA. VET is back ABOVE its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10 daily candles that i have selected. VET is still ABOVE its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 22.08 and is below its 9 Period EMA (Black line) which is at 25.17. The +DI (Green Line) has dropped to 17.90 but is still above its -DI (Red Line) which has also dropped to 17.11. This indicates Positive Momentum is still stronger than Negative Momentum on this 1d timeframe. Note that both the -DI (Red Line) and +DI (Green Line) have now turned sideways. The OnBalanceVolume (OBV) is indicating momentum is sideways at the moment. Note that the OBV (Blue Line) is back ABOVE its 9 Period EMA (Orange Line) indicating a strengthening of positive momentum. Fist port of call is for VET to cross and CLOSE back ABOVE its BB Middle Band Basis and LSMA on this 1d timeframe. So long as BTC behaves herself and continues closing above the daily chart 50EMA then we may see a more sideways ranging with VET before the next move up. Hopefully now with the release of POA2.0 well see VeChain eventually added onto more exchanges that will help dampen any Binance BTC Longs Futures liquidations. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:VETUSD
by TradingThroughTheLens
1
VeChain Price AnalysisThe price has heightened to $0.171. VeChain price analysis confirms bullish trend. VET/USD is currently trading at $0.1553. The VeChain price is presently seeing a bullish price movement, according to the most recent VeChain price analysis. For the past several weeks, green candlesticks have dominated the price charts, with unavoidable bearish disruptions. The price is nearing the resistance level at $0.182, and it is expected to surpass it in the coming weeks. Once again, because of its rise, the value has returned to its previous peak of $0.171.
V
by BernardMikhail1
1
VeThor - VTHO is one of crypto using Proof of Authority (POA) VeThor Token is one of the two tokens employed by the VeChainThor public blockchain. VeChain was initially launched in 2015, but it went through a heavy rebranding process in 2018. While VeChain Token (VET) is the native token for the platform, VeThor Token (VTHO) plays an essential role in the overall functionality of the blockchain. The VeChainThor network relies on a proof-of-authority (PoA) consensus mechanism, which allows it to validate transactions more swiftly Rank #167 Token On 97,837 watchlists VeThor Token Price (VTHO) $0.009693 3.86% 0.0000001544 BTC1.02% 0.000002163 ETH0.51%
V
by doqstrader
VETUSDT 1DHi everyone The daily VET chart shows that the price is looking to rise after a slight recovery on Saturday and sellers are still lurking near the $ 0.1650 level The decisive passage of the VET above this level will revive the uptrend and will be followed by a new uptrend The bulls can be stopped near the $ 0.20 resistance, after which the price levels will be around $ 0.22 The VET is likely to have growth potential as long as it can stay above its critical support of around $ 0.1490 If the VET closes below this level with a daily candlestick, the price will fall sharply to $ 0.1277 As the downtrend continues, resistance support is around $ 0.12 thankful
by shayanfb
6
🔥 VET Break Out Confirmed: Huge Buy SignalA couple of days ago I made an analysis on VET and the potential channel break out. As seen on the chart, the price did indeed broke out of the bullish channel and went parabolic for a while. The most bullish buy signal from this chart is the fact that the price re-tested the channel's resistance and bounced from it. Due to this bounce, I'm confident that the bullish trend will continue in the near future. First target still at $0.20, second at $0.22. Happy trading!
Long
by FieryTrading
19
VeChain forecast of $1.50 strengthens: VET Coin continues to folIn my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the pattern will repeat itself in a similar manner. This does not seem to be far-fetched at the moment in any case. Because the similarities continue to accumulate. The above chart shows to what extent. Obviously, they are not the same price movements, but they are enormously similar in nature. What matters are the cornerstones of the movements. For example, then as now, the VeChain price first formed a high (1), which was followed by a correction with three stair-step lower lows (2-6). The first bullish countermovement failed at the resistance of the setup (7) and bounced off it. However, as a result, a higher low (8) was formed and from there, the break of the resistance was achieved and thus the structural break. This structural break occurred recently and should be taken as a renewed bullish sign. In addition, it is the next indication that the pattern from then currently seems to repeat itself again. However, it should also not be concealed that the structural break occurred this time with a significantly lower volume increase than back then. Accordingly, the current price increase looks weak in direct comparison. Overall, the absence of significant volume increases is what seems to be a common thread running through the price increases of the entire market. Nevertheless, the parallels between today and the end of 2020 are too striking to ignore. The symmetrical triangle, in turn, suggests that the odds are very good that the VeChain price could soon crack $0.36. This would be important from many points of view, because apart from the fact that it would correspond to a 200% price increase at the current price of $0.12, it would furthermore be the next strong indication that the pattern from back then is still valid. It would be a higher high in the long-term trend. A look at the price action of the VET Coin against Ethereum (ETH) seems to strengthen this thesis. Namely, here the VeChain price moves in clearly identifiable waves. As the chart below shows, another accumulation of VET against ETH appears to have been completed. What could follow is a significant price rally. CHART So does the VeChain forecast of $1.50 still hold? Currently, I am assuming so. Why, I have described here. Nevertheless, the lack of volume so far leaves a somewhat bitter aftertaste. However, as already written, this applies not only to the VeChain price, but to the market in its entirety. What is not yet, can still become. Source: VeChain Prognose
Long
by MisterCoinlover