VET DAILY TRADE #23 -> Sorry guys, but we short now*NOT FINANCIAL ADVICE. DO NOT TAKE MY TRADES. DO NOT TRADE ON LEVERADGE*
BTC has not look bullish to me for a while. Up to this point these trades have all been going long. If we are to continue this theme of a daily trade... we have to start going short.
This is going to come with some disclaimers now, shits about to get serious! The nature of shorts is people will be dealing with leverage! I cannot ever recommend that, nor do I EVER recommend people follow ANY trades I do here. This is purely for sport and fun.
These really aren't VET trades, they are BTC trades. We are betting that BTC comes down to 30k. If it does, this is likely where VET goes. VET is now unfortunately in a significantly bearish downtrend. It needs to do some significantly bullish things to break this.
===TRADE===
SHORT = .101 to .105
TARGET = .093
STOP = .112
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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
VET - Best Potential Long Becomes Best ShortI had hopes for VET to make a final leg up. Before BTC crash it was holding the line very well. And imo it is still one of the strongest alts, but I think all that means now is it is the one holding closest to resistance at 0.13 and that can make it a short with good RR. In a little while VET and all alts should be taking a tumble because BTC has wicked into SOW resistance see my Wyckoff thread for full details and that should be a heavy, effectively near impossible overhead to overcome now. The only way is down I think, and there will be no continued alt season.
Opening a short her at 0.13 TP 0.035 SL 0.165. If I see price retreating quick on a crash I may just sell. Btw if it works I will exit my short mid way and re-fire to not incur short retracted loss.
Not advice.
VeChain (VET) - May 21Hello?
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(VETUSD 1W chart)
(1D chart)
We need to see if we can get support at 0.12828604 and get off the downtrend line.
If it falls from the 0.12828604 point, a Stop Loss is required to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
In order to turn to an uptrend, it must rise above 0.17029034 and gain support.
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(VETBTC 1W chart)
(1D chart)
We need to see if we can get support from the 316 Satoshi-350 Satoshi section and get off the downtrend line.
If it falls, it remains to be seen if it can gain support at the 248 Satoshi spot and climb along the uptrend line.
If it declines at 248 Satoshi, Stop Loss is needed to preserve profit and loss.
However, you need to trade carefully as you can touch and climb the 221 Satoshi point.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
One more dip and then VET will rise again?Hopefully Vet will recover from the latest dip. I bought at 0.156, which looked like a fair price to me at that time, I think it still is. It is possible that Vet will dip shortly after reaching 0.155. That would be a good time to get on board. I think it will recover and it certainly has potential.
$VET @ 1.618 FIBvechain challenging the 1.618 fib channel level
not easy to find assets performing like this.
ask your financial advisor about vechain to see if it is right for you
some people who trade vechain have experienced euphoria, depresssion, denial, shock and anxiety.
trading vechain is not for everyone
VETUSD 12HPrice has reached the powerful ascending trend line, which price has made very strong moves off in the past. Price has also retested previous resistance as new support structure, which aligns with the 50 fibonacci retracement of the last major impulsive movement. Price is now showing signs of slowing down at the key support zone, showing signs that buyers may step in to start a new impulsive stage & resume the uptrend for a new potential higher high next towards 0.35000 ...
VET in a good buy positionVET has seen some big gains in the last month. After some correction, it finds itself at the bottom of a newly created simmetrical triangle. I think it’s a good entry point right now, provided the resistance holds.
I should clarify by now that all of my ideas are valid if BTC allows them. If it dips, most probably everything else will dip too, and this is where any idea falls off pretty quickly.
Good luck, and stay safe!
Not financial advice.
VET DAILY TRADE #22 -> DOUBLE DIP BUY .157!HIGH RISK!
VET is showing resilience. Most ALTs aren't overreacting to BTC. They are being bullishly reasonable. When BTC starts to go sideways for 4 hours ALTs take turns popping off.
Many ALTS that had breakouts in recent days are going down with BTC here only to bounce right back to where it broke out, ignoring previous resistance.
I like it!
I think there could be another chance at buying a .157 dip here, lets double dip!
The aggressive play here is SELL NOW and buy .157
Safe play is stop loss on your entry wherever you got it in the green zone. Be patient and see how BTC plays out, maybe we come up to target
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AGGRESSIVE ENTRY *HIGH RISK!!
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BUY: .156 - .158
TARGET: .187
STOP: .149
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--==--==--==--
Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
--==--==--==----==--==--==--
Vechain Bull Flag!!Vechain has been in a bit of a cooloff and bullflag since our huge run up, we had a false breakout of the bull flag and we are approaching the bottom also the 0.5 FIB level. I would like to see VET hold this level for our daily close tonight and start to push back up, as you know BTC will drag everything down but once BTC starts to settle ALTs are going to takeoff. We must watch the bollinger bands as we do not want to start riding the bottom band which is very bearish, BTC is actually already riding the bottom band and is falling pretty hard. The RSI bounced off the 50. point line but looks like we are starting to curve up a little. If we do fall hard with BTC i will be buying the dip i think Vechain is a crypto for the future! The MACD is falling but we are seeing some resistance from the red MACD lead, we are starting to even out and point sideways, we want to see the Blue MA flip the orange bullish to get that confirmation of a move up. Not financial advice just my opinion!
VeChain - 4hr Inverted Head and ShouldersVeChain - A quick 4hr chart update
VeChain has broken upwards from its Inverted Head and Shoulders pattern.
VeChain is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Note that the Bollinger Bands Upper Band has started to point upwards.
VeChain is below its 50EMA fro this 4hr timeframe. We need to close a 4hr candle above the 50EMA for this 4hr timeframe.
The Ichimoku Lagging Span (Chikou Span) is indicating momentum is upwards or this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 4hr timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum’s sideways for this 4hr timeframe.
VeChain is trying to get back over its Leading Span B (Senkou Span B) resistance level, crossing this level will take VET out of the Bearish Zone & back into the Equilibrium Zone of the Ichimoku Cloud for this 4hr Timeframe.
The Chaikin Money Flow (CMF) is showing that VET is still in the accumulation zone at 0.13 for this 4hr timeframe.
The ADX (Yellow Line) is at 47 slightly below its 9 Period EMA (White Line) which is at 48. The -DI (Red Line) is at 24.5 above its +DI (Green Line) which is at 15.1. Notice that the _DI (Red Line) is pointing downwards and the +DI (Green Line) is pointing upwards, if upwards pressure maintains then we may see the +DI (Green Line) cross back above the -DI (Red Line).
If VeChain closes this 4hr candle in the Equilibrium Zone, then VET will be poised to attack the Leading Span A (Senkou Span A) cloud resistance to try and get back into the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. If VET crosses back into the Bullish Zone, we will then get a Kumo (Cloud) Twist back in to green indicating a renewed Bullish Trend for this 4hr timeframe.
I hope this is helpful with your trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VE CHAIN VET CLEAN TECHNICAL ANALYSIS Looking at ve chain here on the 4hr time frame.
- Focusing on the outer structure and the bigger picture play happening with this coin we can see price has previously had a major impulsive leg to the upside reaching its most recent all time high.
- Since then price has been corrective in a bearish trend with price forming a symmetrical testing and respecting the trend lines on the upper and lower areas of the structure,
- Most recent price action shows that price has rejected the second touch of the outer triangle and had made an impulsive push to the lower part of the structure.
- Price is now currently in a bear flag continuation pattern. I am anticipating price to make a third touch to this pattern before making the continuation to the downside where there is a high probability of price testing the fib support area near the green box.
- There is also a possibility that price may confirm support at this current fib level located at the orange box area, after price may confirm support from these areas we may see and impulsive push to the upside if price breaks out of the symmetrical triangle.