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!
Vechain
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
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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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.
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.
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!!
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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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!!
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Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET - Time To Short AgainVET has made its way back to resistance again, wicked through and now sits as it did before - plumb on 0.13. Although it could perhaps drift a little this should be the top right here. Price could really collapse here in tandem with Bitcoin collapsing out of a wave 4 flat correction into a devastating wave 5. See my Bitcoin thread below for details.
Not advice.
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
VET ready to breakout!!?Vechain has recovered pretty well compared to most cryptos right now we are well above the 200 Day MA which is very positive and we are sort of getting stuck at the blue 100 day with 2 bounce offs, aswell this 100 day MA happens to be lining up perfectly with this descending channel that has formed over the past 20 days. Once we see a full break of both the descending channel and the 100 day MA i think VET will start to explode once again like we saw a little while ago! Our RSI is pointing down slightly around the oversold zone and we have lots of room to run up to that midpoint line, for a full uptrend we need a confirmed break of that 50. point! The zero lag MACD looks very bullkish with our lead heading up and a start to a confirmed flip bullish with our blue MA ontop of the Orange. Very Bullish on Vechain as a long term project too i love the tech and real world use cases they are providing and could definitely see VET as a top tier crypto project in the near future, their partners are quite impressive and big institutions are really starting to realize what Vechain can provide and bring to their businesses! Not financial advice just my opinion!
VET - 6h. Critical point for growth - the range of $0.16-0.17 Nothing is impossible. It was with this slogan that VET sellers lowered the price by 80% from the all-time high. A powerful wave of decline in the VET market tested the liquid range in which the price was trading back in February 2021. It is in the range. of $ 0,05
buyers set the previous all-time high. It was at this historical high that we took a fractal that worked perfectly in our previous idea:
Sellers managed to push the price even below our global target o f $0.07 . As a result, all the profit that investors could have earned within 3 months disappeared in one day. Of course, this is at best.
However, the sharp rebound of the VETUSDT price from the mark of $0.05 and the unsuccessful attempts of sellers to update the local minimum proved the strength of the coin. Our short-term scenario for the VET price movement is positive. We expect the price rebound to continue after the panic fall with the target of $0.16-0.17 . For a confident continuation of growth, buyers should not give up control of the mark of $0.104 . After a successful test of this mark, a good chance will open up to buy this coin with low risks. The loss of this mark will send the VET price towards the trendline and question the strength of the buyers.
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🆓VeChain (VET) May-24 #VET $VETThe buying force has came back to VET and 0.09$ zone is its important support for a recovery up to 0.13$ and 0.16$ zone.
0.16$ zone is very strong and a selling pressure at this zone is very high and could push VET down again. But if successful at this zone, this recovery wave will change into a rally up to 0.23$ zone.
But if it loses this 0.09$ zone, it's extremely bearish again
📈BUY
-Buy: 0.085-0.09$. SL if B
📉SELL
-Sell: 0.126-0.134$. SL if A
-Sell: 0.156-0.164$. SL if A
-Sell: 0.23-0.24$. SL if A
♻️BACK-UP
-Sell: 0.085-0.09$ if B. SL if A
-Buy: 0.058-0.062$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
VET is going bearishDear ladies and gentlemen, as you can see the market is starting a new bearish phase that can last months before starting to climb again. I would like to share with you my idea about VET and where you should sell it despise the price you bought it for. If you sell your VET at $0.13 you can easily go and make profit as soon as the bearish starts. Please be aware that the market may go bullish once more if BTC decides to break though its resistance point (check my BTC post for more information). Before selling at $0.13 make sure to double check BTC position and to understand if there may be a reversal bullish starting from that point. The possibility for a bullish to start is really low so do not worry too much. Apart from that, as soon as you sell your VET at $0.13 you will be able to make a lot of money when the market drops. The market is going to be in an up and down phase for a while and here is where we have to farm our main coins. We want to be able to make money out of any market and not only out of a bullish market.
Safe Haven ready to continue on$SHA
-What a deep retrace, but this Elliot Correction Wave finished
-Fib retrace to 0.786
-MACD on the daily pulled back a lot.
The coming weeks to months will be great!
Thoughts?
$VET $BNB #BSC $ETH $BTC $MATIC $ONE $DOT
VET BETTwo ways this can play out.
1. Breakout from yellow neckline. Long (more likely)
2. Break down below yellow neckline. short