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Vechain

Vechain (VET) Breaks Out The Triangle And Ready To ExplodeHey friends hope you are well and welcome to the new update on the Vechain (VET) Breaking out the triangle: On 3rd of June, the price action of VET broke out the resistance of the symmetrical triangle on the daily time frame chart and now it is re-testing the previous resistance of the triangle as a support. When to buy? Even though it can be the right time to buy the VET while it is re-testing the previous resistance as a support but can be bit risky. To minimize the risk factor we can wait for the candlestick to close above the high of the breakout candlestick which is $0.1450 on the daily time frame chart. The stop loss and the sell target: Once you decide to buy then two points can be used as a stop loss: 1. The support of the triangle 2. The recent swing low before the break out which is $0.11. The technical sell target for this triangle is $0.19. Moving against the Market: We can observe that Bitcoin is still moving in the triangle but on the other side the VeChain has ignored the market’s trend and broke out the resistance. Therefore, if the BTC breaks out the triangle then VET can produce more profit than Bitcoin. Support and resistance levels: After the recent drop the price action of VET has been bounced from the $0.08 strong support. There is also an additional support of 200 simple moving average on the daily chart just below the $0.08 and the price action also used 200 SMA support for this bounce as well. Now the price action is struggling to breakout the $0.14 resistance. After $0.14 resistance there are $0.19, $0.24 and $0.27 resistance levels respectively. Conclusion: The Vechain has broken out the triangle before the Bitcoin. Therefore incase of the BTC breakout it can be the top mover among the top altcoins.
by moon333
1
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update: VeChain has broken out upwards from its Ascending Triangle. VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe. Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe. Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band. VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain is above its Volume Point of Control (POC) for this 4hr timeframe. VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row. The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards. The future looks extremely bright for this future giant of the crypto industry. Here is a closer Look at the CMF. Here is a closer look at the ADX DI. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSDLong
by TradingThroughTheLens
4
Vechain(VET) Update: Test and Break above 200SMA Vechain(VET) Update: Test and Break above 200SMA, potential 150% Gain from Buy Zone @ 23.60% Fibs ($0.13) to the 127.20% Fibonacci level at $0.33. Please see previous analysis below. Happy Trading :) Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :) Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below. Update 30/03/21 Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10. Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target. See previous analysis below. Happy Trading :) $VET #Hodl Update 23/03/21 Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :) Vechain Monthly Outlook Update 23/03/2021 Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h *Update Vechain Outlook 20/03/21* Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level. Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below. *Update Vechain Outlook 18/03/21* Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs). *13/03/21* Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702. Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March. The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
BINANCE:VETUSDLong
by CryptocurrencyMagnet
1
VeChain (VET) - June 4Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (VETUSD 1W chart) (1D chart) If it moves sideways in the 0.12828604-0.17029034 section, it is expected that the uptrend will continue. If it falls from the 0.12828604 point, a Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so you need to trade cautiously. ------------------------------------- (VETBTC 1W chart) (1D chart) We will have to wait and see if we can go sideways in the 350 Satoshi-452 Satoshi section. If it does not fall below the downtrend line, it is expected to continue the uptrend. If it falls from the 248 Satoshi point, Stop Loss is required to preserve profit and loss. It remains to be seen if the OBV in the volume indicator can turn from red to green. ------------------------------------------ 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 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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 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.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:VETUSD
by readCrypto
Vechain (VET) Retesting 14 Cents!Big weekend ahead for Vechain and the of the cryptocurrency market. We have very important resistances to break the first being $0.14 cents for Vechain. As of right now we're at the doorsteps of retesting it. If we fail to break this we may have choppy waters ahead potentially going back down to below $0.10 cents in a worse case scenario but good if you want to load up heavy on more Vechain. We've been making higher lows that's always a nice sign. I hope nobody is sleeping on Vechain as this project is primed to be a $100 Billion dollar market in the near future. There is simply no other cryptocurrency addressing supply chain, data, and logistical issues on a global enterprise level. We have have Bitcoin 2021 in Miami June 4th - 5th so we'll see how this conference affects the overall tone and sentiment of Bitcoin going forward. It is estimated that more than 50,000 people will be attending which is a record so we'll see if this will have a positive effect on the markets. I'll be there! Much peace, love, health, and wealth. Stack crypto safe and hodl with grace =]
Long
by peacefuljustin
VET big move coming soon!!?Vechain has fully broken out of the descending channel and now in the past few days we are seeing nice momentum pushing the 0.3 FIB level. If you look at the RSI, we're seeing an approach to the 50. point, if we can see a full break of this level we will be in a confirmed uptrend and we all remember what vechain did at the beginning of march this year! Also looking at the MACD we see a buy signal put out the other day and now starting too see a confirmed bullish flip of the Blue and Orange MA's, plus looking like 2 green bars on our histogram and we haven't seen that in quite some time. I think if we see a bullish close today above the 0.3 FIB we have a good chance of gaining a lot of momentum to launch us to the 0.5 FIB and beyond. Not financial advice just my opinion ps. everything also depends on BTC
BINANCE:VETUSDLong
by JacobR905
VET DAILY TRADE #27 -> Mid range setup, buy .114Yesterdays trade got us 5% and leaves us hanging mid range. If we can bounce on .114/.115 that would trigger a trade setup with a target of .133 Everything depends on bitcoin, so this basically bets that BTC doesn't fall under 35k. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! ==TRADE== ENTRY = .114/.115 ONLY IF it bounces and stays above on 4h (may mean buying .116) STOP = 4H close below .114 --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
2
Vechain Hit Or Miss!Potential Reversal for Vechain in coming we may have finished correcting if we break below 0.10 i believe we have some more down trend to consider, if we break the 0.13 it'll be a great sign and we'll most likely to move up from there, the price mainly reflects on bitcoin if bitcoin continues dropping this idea will be considered invalidated due to bitcoin dropping all altcoins in price. any questions , comments on my chart i'd very much appreciate it, if i seem incorrect on my chart i'd appreciate some comments , be safe GME GOD OUT!
VLong
by Gmegod69
1
VET DAILY TRADE #26 -> Triangle FormingFor a number of ideas now I've had a descending channel and trades based around that. BTC is arguably in a symmetrical triangle, VET is following that lead and forming its own version, so those trend lines provide potential trade setups. I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough interest to break pattern. I will be looking for shorts at the top of this triangle. If we can break and close above .113/.114 here on the 4H that would signal a move upwards. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! ==BREAKOUT TRADE== ENTRY = Buy the 4H break and close of .114 STOP = 4H close below .114 ==AGGRESSIVE TRADE== ENTRY = on trend line, .0998 to .093 STOP = close below trend line --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
2
VeChain - A quick 4hr chart updateQuick and easy VeChain 4hr chart update: On this 4hr timeframe, VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. VET is back above its 50EMA and has managed to close 2 previous 4hr candles above it and looks like it will do the same for this 3rd 4hr candle. VET is still above its Least Squares Moving Average (LSMA) for this 4hr timeframe. I have added just the Ichimoku Cloud (Kumo) part to show that VET is now out of the Bearish Zone and back in the Equilibrium Zone of the Ichimoku Cloud. If you are waiting for FULL Bullish Confirmation for this timeframe, then you would wait for a Kumo Twist where the Leading Span A (Senkou Span A) moves back above the Leading Span B (Senkou Span B) levels creating the start of a new green cloud. The ADX DI is indicating that positive momentum has increased and notice that the +DI (Green Line) has crossed back above the -DI (Red Line). The +DI (Green Line) now at 19.68 & the -DI (Red Line) at 17.01. The ADX (Yellow Line) is at 17.9 and has dropped below its 9 Period EMA (White Line) which is at 20.39 indicating a weak tend at the moment. The Chaikin Money Flow (CMF) is indicating a steady increase in accumulation with the CMF Line (Green Line) at 0.08. VeChain is above its Volume Point of Control (POC) for this visible range. VeChain is in an Ascending Triangle pattern so we could see another attempt at getting back above the equilibrium zone & back into the Bullish Zone for this 4hr Timeframe. Here is a closer look at the Average Directional index (ADX DI). Here is a closer look at the Chaikin Money Flow (CMF). I hope this is helpful with your Trading or Hodl-ing.
BINANCE:VETUSDLong
by TradingThroughTheLens
2
VeChain (VETUSDT/VETBTC) Inverse Head & Shoulders Breakout LongIm taking a long here on VETBTC pair, as a small speculative position that I hope I can build into a larger hodl position if markets start to recover. Otherwise, I will be happy to treat it as a scalp and take whatever profits the markets offer. The reason Im taking this long trade is because VETBTC broke above the neckline of the inverse head and shoulders pattern, so theres a high probability that price will continue higher, so long as Bitcoin holds steady.
Long
by cryptotraderog
VET DAILY TRADE #25 -> Buy Setup 0.078Our last trade played out fantastically. Once BTC faltered at 40k you take profits, no need to be hodling any ALT here whilst BTC is still figuring its sugar out. Take profits and get out. We are looking to do the same thing again, buy on the lower channel trend line. I would like to see a wick below the channel, come back up and test. Looking for that confirmation before entering. Right now that extra confirmation is really important as each time BTC tests downwards it can potentially continue to capitulate. We don't want to have a buy order set for 0.078 only for BTC to wick downwards this time and not bounce! **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
VET DAILY TRADE #24 -> Possible buy setup at 0.085I'm currently tracking the following long for VET if it can come down to 0.085 and use it as support. Looking for a bounce for confirmation. Pity I cancelled yesterdays short as it would lineup nicely with how I'm reading BTC and this VET long setup. BTC to 35k will bring us down to the buy zone and possibly below the channel. A distinct bounce here is the dream, a break below then pop back up and retest the channel would also be pretty neat. Because of the long wick that gives us the first touch of this pattern, I wont enter this trade straight away but look for confirmation via interaction with the lower channel line. BTC is primed to invalidate this. A retest of 35k is likely to not be a simple and clean endeavor. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
2
VeChain Daily Chart UpdateVeChain Update: What an absolutely crazy couple of days. Remind me never to buy a Tesla. At the moment of typing this, VeChain is still below its 50EMA on the daily chart. VET needs to eventually close a daily candle above this level and turn it into strong support. VET is above its 200EMA. At the moment of typing this, VET has found a support & resistance at its 100EMA. VET needs to close a daily candle above this level and turn it into strong support. Notice that VeChain came close but never actually managed to drop & close below its Pitchfork Hagopian Line indicating that this longterm upwards Pitchfork Pattern is still valid. At the moment of typing this, VeChain is still below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET needs to eventually close a daily candle above this level and turn it into strong support. The Bollinger Bands Lower Band is starting to curve sideways indicating volatility is slowing. The Price has gone back above its LSMA and has closed a daily candle above this indicator yesterday. The Chaikin Money Flow (CMF) is indicating VET is back in the Accumulation Zone and heading sideways with the CMF Line (Green Line) at 0.02. The Average Directional Index/Directional Movement System (ADX DI) is indicating the -DI (Red Line) is at 26.2 still above its +DI (Green Line) which is at 12.2. The ADX (Yellow Line) a 36.8 still above its 9 Period EMA (White Line) which is at 32.2 indicating a strong trend but notice the +DI is pointing upwards and the -DI is pointing downwards so we may eventually see a +DI cross back above the -DI for renewed upwards positive momentum. Notice that the Volume is increasing and is above its Volume 20MA (Orange Line). During the recent Crypto drop, VeChain was one of the cryptos that was hit the worst but it is now showing signs of a possible strong recovery. It’s still too early to say for certain but a good sign for the entire crypto market will be if BTC manages to close a daily candle above $40.5K which is roughly where the 200MA is on the BTC daily chart and turn that level into strong support. It should be an interesting 2 months for VeChain with POA2.0 and possible DHL & Government carbon projects on the horizon. Also, congrats if you managed to accumulate more VET at $0.05 - $0.1 during the drop. I hope this is helpful with your Trading or Hodl-ing. CMF ADX DI
BINANCE:VETUSDLong
by TradingThroughTheLens
10