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?
Vechain
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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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
$VET Weekly resistance test, ATH next?$VET Vechain is testing it's weekly resistance line. Flip that into support and all-time highs will come very soon in my opinion.
VET bulls mark 8 percent gain, amidst six months highVeChain price analysis is bullish today.
The next resistance for VET/USD is present at $0.168.
Support is found at $0.140.
The Vechain price analysis reveals the bullish momentum is in quite good health. The price of VET/USD has increased significantly over the last three days, from $0.136 to $0.162, breaking above six months’ highest level. The bulls are successfully continuing their endeavor today as well. The short-term price trend is upwards if observed after 22nd September as the coin has been continuously marking higher highs since then.
VETUSDT 1DHello.
Possible routes of movement VET
VET rose 21 percent after falling to the bottom of the $ 0.085 range
Although this uptrend was significant, the VET must break the $ 0.107 level to continue the uptrend
By crossing this resistance, it will most likely be on the way to the $ 0.119 to $ 0.137 price range
In very bullish conditions, buyers can try the $ 0.137 price level again, but stabilization above that seems unlikely
If the cows can not maintain the VET above the resistance of 0.107, this indicates the weakness of buyers
Such a change could lead to a price pull back to the $ 0.085 support level
The price cut below this support will push VET to the lower floor and the price will fall to $ 0.072
Have a good trading day