💡Don't miss the great buy opportunity in VETBTC
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0362).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0406
TP2= @ 0476
TP3= @ 0601
TP4= @ 0808
TP5= @ 1022
SL= Break below S2
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Vechain
VET.USDT (P21.P2.E6).Stalking next opportunity.Hi All,
VET does not seem to be losing momentum based on the daily and weekly indicators.
Neither is the ALT season is over.
I see this pullback with 2 possibilities, moderate or deeper.
The moderate pullback is playing out but the deeper ABC correction can be there with the 0.5 or 0.618 fib retracement on this impulse wave, chart below.
Hence the daily EMAs can have confluence to being support.
All the best,
S.SAri
DAILY Chart
s3.tradingview.com
On the weekly, it found support on the 0.382 fib level. However just like BTC, it has the possibility to hit the weekly 10 EMA.
Phoenix or WT is bullish for weekly and daily.
s3.tradingview.com
VET DAILY TRADE #10 --> Lots of trend line supportHIGH RISK TODAY!
This isn't really where you want to be entering this trade, there is a breakout play here still. Technically if we close on the next 4h, we have another decent opportunity at a breakout with move up to test next resistance.
BUT, bitcoin took a dump, and what we've seen past few days is = BTC pump -> ALTS don't move -> BTC dump -> ALTS dump. Its been a losing scenario for most ALTS.
VET has certainly held here better than others. But lots of indicators are getting bearish, if you entered a trade here, got your 10%, i would consider just taking it. Be real conservative with a trailing stop.
We need a few more days of BTC price action to figure out what's happening here.
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Todays VET Trade
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BUY: Enter on the trend line, don't settle, get a low price.
TARGET: .25 (consider selling at .223)
STOP: .198
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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) - May 2Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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(VETUSD 1D chart)
You should watch for any movement that deviates from the 0.19129250-0.25429895 segment.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to make sure you get support in the 0.17029034-0.19129250 range.
If you go down at 0.17029034, you need a short stop loss.
If you go down from the 0.12828604 point, you can touch the 0.09410614 point, so you need to trade carefully.
If the red of OBV on the volume indicator does not increase, it is expected to maintain an upward trend.
In the CCI-RC indicator, it remains to be seen whether the CCI line breaks above the EMA line.
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(VETBTC 1D chart)
We have to see if we can get support and climb at the 350 Satoshi point.
If it falls, it remains to be seen if it can gain support in the 316 Satoshi-350 Satoshi section and climb along the uptrend line.
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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)
Expect Big Vechain Move Soon!Vechain has been moving sideways for a little bit now and i believe we are going to see a very big run up in the near future! Vechain is currently looking to breakout of a wedge, we are getting very close to the apex of the wedge and I think we will see a break soon. We are getting great support from the Ichimoku cloud, we are still seeing thicker clouds being printed and I think we are going to continue seeing it! Aswell we are seeing great bullish momentum from the EMA ribbons, we are starting to see some spread on the ribbons with 0 signs of slowing down! Our MACD has recently flipped bullish and I believe once we see a breakout of the wedge I think we are going to see a very strong push up possibly up to our 0.2 FIB level! Very bullish on VET overall, Not financial advice just my opinion!
VET DAILY TRADE #9 --> PLAY THE BREAKOUT!Seeing breakout plays all across crypto, all we waiting on is the money to take its attention off BTC for a minute and flood into ALTS!
Todays trade is simple and actually what the trade should have been for yesterday! PLAY THE BREAKOUT! Simple!
I would buy here, stop limit below .198 and that buildup, and see what happens. Pretty simple stuff. Fingers crossed boys!
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Todays VET Trade
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BUY: .201
TARGET: .25
STOP: .198
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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 #8 --> pattern may be changing!So I totally forgot about yesterdays VET trade! (Feel like I actually charted it up but accidentally restarted pc.. not sure!)
*EDIT= i hesitantly think we are in an ascending channel now, or it could be an ascending channel.. haha. Be careful DYOR! With the .20 resistance its more of an ascending triangle right now.
So if you bought in the zone last trade, you will have got stopped out, or you better have! -5% I generally recommend getting out. After that you have to protect yourself. This is an inexact science, conditions change constantly, don't enter these trades if you aren't prepared to either take that -5% hit or at least actively track the trade throughout the day.
VET walked straight through the lower trend line, gave it poor respect, its followed FIB levels far more accurately. Dream entry here would be buying at the .1895 FIB level , i will set a buy limit up right now for it!.... ok $500 USDT committed.
Personally, I don't see my buy getting hit. The thing with entering on that trend line is a good entries constantly in flux. Right now .1895 can work if we enter a short term downtrend, but 4 hours from now... it changes. This trades relevancy has a short half-life, partly why I guess I do a new one each day!
VET has had some good news, was trending a bit yesterday, people are talking about it, im guessing the VET reddit AMA went well!
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Todays VET Trade
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BUY: .1895
TARGET: .25
STOP: .183 or 5%
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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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**If you have queries about how to manage these trades send me a message or comment below. There is a ton of fine details to this which I don't expand on here and I'm often assuming most people are already aware of.