Vechain
TEL 6 Month Downtrend BreakoutTEL has finally broken out of its 6 month long descending triangle, and successfully held it as support. With the new release of v3 I think we see some big increases in volume over the next few weeks and begin our run to $0.10. Target price is $0.25 around end of January '22.
VET/USD ChartVET has been really interesting right now, with patterns similar to the first half of 2021. I did a VET analysis a few weeks ago when the coin broke the 0.10$ resistance, and I talked about a bullish scenario. After BTC rally to new ATH seems that altcoins are consolidating and starting to pump. VET has never been a coin that I would hold for years to make big gains in my portfolio, but for now the charts look very promising. Vechain also announced a launch of their own DEX, and a yield farm token called VEX. This is great news for every investor since the ecosystem is expanding fast. For me this is also very bullish because when Axie Infinity announced a DEX launch the price of their coin increased a lot.What are your thought about this? If you like my idea and follow me it would help a lot, and I would aprecciate if you could comment and discusss my idea.
Thanks!
🔥 VET Reached Channel Resistance: Break Out Or Reversal?Around 4 days ago I made an analysis on VET. Here I argued that VET was trading inside a bullish channel and was likely to follow it in the near term. The fact that VET just reversed from the channel's support indicated even more bullish presence.
As of this morning, VET has reached the prior target and is currently seeing some minor consolidation. I'm expecting this consolidation to last a few hours tops before VET decides which way to go. The price can either reverse back to the channel support area or break out on the bullish side.
Since alts are currently showing a lot of strength, I'd wager that a bullish break out is more likely. In that case, $0.20 would be my target in the near term.
Happy trading!
What next for VET?The four-hour chart shows that the VeChain price has been in a relatively steady bullish trend in the past few weeks. The coin has risen by about 81% from its lowest level in September. It is now approaching its key resistance level, which was also the highest level in September. At the same time, the coin has moved above the 25-day and 50-day moving averages.
Therefore, in my view, the outlook of the VET price is a bit neutral at the current level. A bullish breakout will be confirmed if the price manages to move above the resistance at $0.1570.
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Vechain is about to Boil HotWith the recent touch of the 0.15 neckline, the Head and Shoulder has become valid. A Day/Week close above the neckline will push the price to almost 0.24. Resistances at 0.17, 0.215
DISCLAIMER NOTICE!
This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
VET | Symmetrical Triangle Breakout Imminent A very important symmetrical triangle has been forming since the April 2020 crash/consolidation. Currently our weekly candle is well above the upper trendline, but must close above to validate. The price target from symmetrical triangles are calculated from the high to the low point of the beginning of the triangle. This is indicated in the dark blue line. Currently, the price target is targeting .40, with Fibonacci pitstops at .16, .19, .22, and of course, the ATH of .27. Once these are conquered, the price target of the symmetrical triangle is in play.
However, a similar blockchain called OriginTrail (TRAC) may take some profits away from VET. Similar market targets, but quite different fundamentals. Both are great to hold. Diversification is key.
Good luck to all!
Psy
VeChain 60% for free until mainnet launch. Vexchange 🚀Intro:
- VeChain ( VET ) is full-fledged layer 1 public blockchain.
- Since 29st of October the VeChainThor v1.6.0 is live. --> POA2.0 activation starts. Testnet Nov. 5 and Mainnet Nov. 16.
- Vexchange, the first DEX of VeChainThor launches soon.
- In circulation we have 66 billion coins out of currently 86 billion possible.
- Total market cap is currently around 10 billion and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently faces resistance around 0.145$. One might see an inversed head and shoulders pattern that is about to break out soon.
- Volume kept steady over the last couple of months. An increase is expected once we see an upwards breakout for price.
- RSI analysis shows that we are in an uptrend that confirms the current trend. We still have room to go up.
- Moving Average: Price uses the 20MA as support and it looks like we get some separation which is very bullish.
- Support lines are at 0.057$ and possibly the ascending yellow line.
- Resistance lines are at 0.145$, 0.185$ and 0.235$.
Expectation:
- We expect VET to break out above the 0.145 resistance and move up to 0.235$ within the next 10 days until we see the mainnet go live and the Vexchange active.
- End of the year prediction: We will see a 0.5$+ VET before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
VETUSD (VeChain) Show Signs of a Strong Bullish MoveVETUSD (VeChain). Four (4) Higher Lows formed on the VETUSD Chart. VETUSD is still showing bullish signs on the H1 Chart and H4 Chart shown below.
VETUSD shows bullish signs on the Daily Chart. EMA 10 is above EMA 20.
VeChain VETUSDT - Ascending triangle +1000% gains- VeChain VET - Rank #23 - Coin.
- The chart is printing an ascending triangle - bullish continuation pattern.
- As per my Elliott Wave count, we are in the 5th impulse wave to the upside!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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#VeChain #VET : The Bull Run of Q4 (8X) - Launching DEX (VEX)#VeChain #VET : The Bull Run of Q4 (8X) - Launching DEX (VEX)
Launching DEX (VEX) November 9th
The VeChain ecosystem is expanding at a fast pace. Their first decentralized exchange (DEX) and automated market maker (AMM) called VEX will launch their governance token with the same ticker next week on November 9th, 13:00 UTC.
Vechain/USDT #Vechain has a strong community among high-tech cryptocurrencies. #vetusdt
The chart is obviously bullish and of course higher TPs need patience for the market may sometimes crash during the bull run.
However, there is some positive fundamental news on Nov 9th, and I think the first tp is achievable in short term.
This is a daily chart. Do not scalp based on this idea. always #dyor.
Good luck,
Median Eagle.
VET W45, 2021This is clearly in an uptrend. Resistance is seen at 0.1430,a breakthrough from there would pressurize the 0.1500 above it, and another break from there is a possible long run to 0.2999.
DISCLAIMER NOTICE!
This is only my opinion and not a kind of financial advice to set up a trade or invest. Trading or investing without knowledge is highly risky.
VET taking a decision nowTop of the Morning!
VET is making a decision right as we speak. There's a higher probability it will break out to the up-side, as it attempted to break it a few time already - and the more it tries, the more likely it will.
This will make as visit the next resistance line.
But! on the other hand, if we cross and close the $0.13 level - we can revisit the lower support before bouncing up again.
VET is ready to fly after retestYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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🔥 VET Short-Term Bullish Channel TradeVET has been trading inside this bullish channel for a couple of weeks now. Recently, VET bounced off the bottom trend line of the pattern, presumably resuming the bullish move.
Target placed at the the most recent local top, around $0.157. Expect some resistance there where we might even fall back towards the channel's support.
Happy trading!