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Vechain

VET DAILY TRADE #17 -> AccumulationYesterday I mentioned accumulation as a possible strategy. I think that applies again today. The problem with entries here is the reality of getting it in my green buy zone is, its likely VET doesn't slowly get there, or even accurately hits that zone. If VET gets to that buy zone it will be because BTC dumps, if BTC dumps, its coming down 51k to 53k before looking at bouncing. In which case that buy zone may be where VET eventually evens out to 4 to 8 hours after BTC finds its bottom. There's so much risk here for short term trades, which is why taking a longer time frame accumulation strategy could be a healthier approach. BTC is still bullish, we are still in a bull market. Even if we hit 50k BTC, all it would be doing is trading in a zone. How confident are you in .35 VET targets? Have you DYOR? If you're bullish imo you accumulate here. -=-=-=-=-=-=- ENTRY -=-=-=-=-=-=- BUY: accumulate .187 TARGET: .279 STOP: .153 -=-=-=-=-=-=- --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==-- **Don't accumulate here if you cant afford to
Long
by tommytoan11
3
VET DAILY TRADE #16 -> RETEST ENTRY no2 - The RetesteningVET broke resistance again, another breakout essentially, now looking to retest resistance. BTC will determine whether this is is a fakeout or not. VET is still being influenced greatly by BTC price action, we aren't seeing a ton of trading pair separation. I will say I think BTC is showing a short term trend reverse after failing 59k again, I think testing trend line I have at around 57.5k is more likely today, which may bring VET below this resistance again. The safe play today could be buying in the support cloud at .217 Another strategy here, which I'm taking, is just accumulation. Let your entry ride, buy more at the retest, buy more if we hit the support at .217. -=-=-=-=-=-=- ENTRY -=-=-=-=-=-=- BUY: .224 to .225 TARGET: .279 STOP: 4H close below .217 support -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
8
VET DAILY TRADE #15 -> BREAKOUT RETEST ENTRYVET has lost a bit of momentum and been testing the previous resistance now support. Hopefully it can hold, im getting a lot of bullish sentiment vibes with VET, a contained excitement. @cryptoJimmyTwoTimes is thinking .35c this month... lets see Again, as I say so often each week, its really up to BTC, if we can break 58.5k I can see serious bullishness. -=-=-=-=-=-=- ENTRY -=-=-=-=-=-=- BUY: .224 to .226 TARGET: .279 STOP: .217 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
1
VeChain - Potential Buy Signal on the Daily Chart MACD IncomingVeChain quick daily chart update: VeChain is still within its upwards Pitchfork Pattern (Points A,B,C). VeChain is back above its Lower Yellow Pitchfork Support Line. It looks like VeChain may soon attempt another crossing back above its Pitchfork Media Line. For this timeframe, there is no fear of VeChain crossing underneath its Pitchfork Hagopian Line anytime in the foreseeable future. VeChain is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Lower Band has moved up indicating volatility has been borough into equilibrium & it is now moving sideways with the Upper and Middle Bands. VeChain is safely above its 50EMA (Yellow Line). VeChain is back above its Least Square Moving Average (LSMA) (White Line). It is a potential buy signal when the candle crosses & closes above the LSMA line & a potential sell signal when a candle crosses & closes underneath the LSMA line. Volume has also increased. The Chaikin Money Flow (CMF) is indicating the CMF (Green Line) has moved back in the Accumulation Zone & is now at 0.05. The Moving Average Convergence Divergence (MACD) is indicating that we may see a buy signal triggered because the MACD Line (Blue Line) is curving upwards and looks like it may cross back above the Signal Line (Red Line), which is a potential buy signal for some traders. I’ve done this analysis on a zoomed out chart to show just how far VeChain has come sine March 2020 & how much more potential its has, especially if that MACD buy signal kick in. The future really is looking very bright for the VeChain. I hope this is helpful with your trading and hodl-ing 👍
BINANCE:VETUSDLong
by TradingThroughTheLens
7