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Vechain

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! -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: .1895 TARGET: .25 STOP: .183 or 5% -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==-- **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.
Long
by tommytoan11
1
VeChain (VET) Can Enter Top 10 Cryptocurrencies Soon (50% Gain)VeChain Thor's token VET has a YTD performance of 1000%+. VeChain brings some of the most diverse, best and most useful solutions the worlds needs of all projects around. VET is my second favorite coin to trade in 2021. Price action shows a symmetrical triangle with small resistance. Trendlines might still get broken slightly and price might consolidate a bit longer, most probably forming a bigger triangle. Target: I used the height of the triangle to get a target of 0.37 USDT. Using a trailing SL could give you an even higher return with these higher lows. (Personally I trail 50% and sell 50% at my target.) The long wick on April 18 was due to a liquidation. A liquidation occurs when people are overleveraging their margin in a market and suddendly they don't have enough margin left. Price only has to drop a little bit and their long positions get closed automatically with an opposing market (sell) order that gets executed immediately. (Margin Call) As a result price can drop very hard in a couple of minutes and this can create a snowball of liquidations following up on eachother if lots of people are overleveraged. VET looks bullish against BTC as well: What is VeChain? VeChain offers useful solutions for enterprises by enhancing their supply chain management and business processes via blockchain. The information is kept in distributed ledgers via so-called Distributed Ledger Technology. This is where VeChain initially began in 2018. Since then VeChain was renamed to VeChain Thor and moved forward to more general dApp solutions similar to Ethereum . With VeChain Thor you can solve a broad amount of problems like countering the production of counterfeit products or managing energy consumption. If you'd like to know more about VeChain Thor and its ecosystem checkout their website . Vechain recently got ranked 13th on CoinMarketCap and is on track for the top 10. Did you know businesses worldwide lose $460 billion in revenue a year just because of counterfeited products? :o 14.1% of sales in the cosmetic industry in Europe are lost due to counterfeit products. ( source ) I mainly publish fundamental and technical mixed crypto analyses like this, follow me if you'd like to see more! :)
Long
by jonathanvn
7
VET DAILY TRADE #7 ---> new colorful fresh approach!Trying to jazz these graphs up a bit, hope you like the fresh new look! Vet false breakout yesterday you could play the break again, but its feeling a little risky to me. 2 reasons, first is I think we want BTC to correct here at least 5%, second is VET didn't pop like VET has done before. 3 weeks ago it goes 20% minimum here, this just highlights again bullishness is dropping off for vechain. I'm not sure why peoples bullishness has waned, you can never really tell in markets. My take is, right now there's diminishing returns of trading it and opportunities for gains elsewhere are so much higher. Likely the market wants VET to come down a bit more. vechain are doing a reddit AMA today so I'm keen for the summary cryptojtt can provide us! -=-=-=-=-=-=- Todays VET Trade -=-=-=-=-=-=- BUY: .2 to .193 TARGET: .25 and above STOP: .183 -=-=-=-=-=-=- --==--==--==----==--==--==-- Fundamentals --==--==--==-- Rank #13 Market Cap = $14,333,165,000 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
11
Vechain ready to EXPLODE!Vechain is starting to recover from a much needed correction after making tremendous gains recently! We are currently pushing to break the 0.2 FIB Level after rejecting off of it earlier today. Once Altseason full kicks in i expect VET to fly past its ATH and move into price discovery! Our EMA Ribbons are now recovering turning back to the upside and seeing great separation in the ribbons. The RSI bounced perfectly off the 50. point level showing we are clearly still in an uptrend! we have awhile to go before we are overbought aswell. Our ZL MACD has sunk all the way to the bottom and is beginning to show signs of fully reversing bullish brining IMO an explosive move to the upside and eventually a new ATH! Not financial advice just my opinion! rarible.com Check out my first NFT! More in the making!
BINANCE:VETUSDLong
by JacobR905
4