Vet/Btc potential trendVeChain to the moon!
VET/BTC trading pair. Bullish divergence on RSI, MACD getting ready to send. Long term trend peaks at the green line multiple times. Golden cross (upward cross of 50d MA over 200d MA) incoming.
Coinciding with the coming crypto market overall bullrun, VeChain should see significant movement compared to bitcoin over the coming months. Should be fun.
Vechain
🔥 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!
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
VeChain (VET) - November 10Hello?
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(VETUSD 1W Chart) - Medium to Long-Term Perspective
Above the 0.03981204 point: the uptrend expected to continue
Above 0.08458101 point: Expected to create a new wave.
(1D chart)
You need to make sure you have support at the 0.16800141 point.
If the price holds above the 0.14187200 point, it is expected that the uptrend will be accelerated.
If it falls from the 0.11326725 point, a short-term Stop Loss is required.
The 0.20955073-0.22890460 section is a psychological resistance section and is expected to renew ATH if it breaks upwards.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
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(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
VECHAIN | VET _ Should we leave and come back? Price respecting the supply resistance are at the 0.1870 region. Closing out a partial position here. Looking for a retracement to the support/demand area & 50% fib 0.1525 region. Looking for short-term timeframe higher lows to go long again. TP zone in the 0.24 to 0.25 region which is the previous major swing high on the broader downtrend and the range extension we just broke out from.
What am I not seeing? Should I hold my position or sell and buy back at support?
VET/USDT TRADE SETUP! READY TO BOUNCE!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this VET trade setup. VET looks good here. It is moving in a rising wedge channel and currently hovering at the lower trendline so a good bounce is expected from here.
Entry range:- $0.125-$0.135
Target1:- $0.142
Target2:- $0.154
Target3:- $0.166
Target4:- $0.178
SL:- $0.12
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Also, share your views in the comment section.
Thank You!
#VeChain #VET my exit target @ $0.39VET is no dinosaur, with little technical data to analyze since it doesn't stretch back to previous market cycles to draw a FIB R Levels from its 2017/2018 ATH.
So I choose to be conservative here and draw the lines as per this year's May 19th dip from its cycle ATH to ATL that followed. I witnessed that ADA, AVAX & MANA (the early boomers) got stalled between 1.618 & 2.618 FIB R levels.
That said, I'll have 1.618 FIB R level to be my target roof at $0.39 while VET has all the potential to continue north from there... but that is a risk that I don't intend to take.
VET - is going to break this resistance 🚀🚀VeChain has been near a resistance zone for a fortnight now. At the same time, the price is starting to squeeze. This is a signal of strength accumulation. If the price breaks through this zone, the next levels that the price can reach will probably be $0.193 and $0.249.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VET - Resistance hit!Top of the Morning!
So VET has shown some great strength and now it hit a resistance level. Most likely it will now retest the broken trendline. WATCHOUT for BTC! it may retrace big time and will drag along ALTs with it. On VET I'm prepared for a retracement and revisit of this top.
VETUSDT Cup and Handle TargetAnother quick chart for you guys! This is another asset I have mentioned to my followers in the past. It has started to break out after its consolidation. The target provided was made from the last cup and handle pattern we saw. The target is 20 and was made by adding the depth of the cup to the top of the pattern. I believe this asset will fair very well during this last leg of the bull run. This is only the first target by the way. When we have some other patterns, we will be able to create future targets.
Thanks again everyone!
UPDATE: $VET continues to break upwardsPosted the original chart back in late October.
Since then, VET has broken its downtrend line, held above it and continued to appreciate.
I still think there's a lot more room to run back to ATH's and even higher if the market allows.
Vechain: Could 7x from current levelIn my previous analysis, I shown how Vechain is cyclical against Ethereum and is expected to outperform the latter in the upcoming weeks. In this analysis, I show the Elliott wave count for Vechain. VET recently finished a large triangle for its primary wave 4 and has now begun a massive primary wave 5. I believe we are now beginning the secondary wave 3 of primary wave 5 that could carry the price as high as $1.20, which is at least 7x gain.
Vechain (VET): Best cyclical buy signal!Vechain, when measured against Ethereum, is extremely cyclical. The best time to buy VET is when the pair goes above both moving averages, then corrects slightly, looks like an inverted hook as shown in magenta in the chart above. This means Vechain is going to outperform Ethereum in the upcoming weeks, quite significantly. It is not too late to buy, it is just about to get started!
🦚VET- parallel channel(weekly)-- Zoomed out(weekly) view:
The price has been moving in a parallel channel for over 600 days. Just recently the price broke above the area of heavy resistance(red) and is now testing it as a support. If buyers manage to hold this level, we can expect the price to keep climbing new levels. Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode.
Entry: buy at current price(0.156) down to 0.148
Targets:
TP1: 0.1853
TP2: 0.2465
TP3: 0.2809 (~90%)
+ use the dynamic resistance(green) and top of the channel as potential targets
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About VET:
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Source: coinmarketcap