VeChain UpdateVeChain daily chart update:
VeChain has done better than most during this crypto drop.
VET is still above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VET is still below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VET is still above its 50EMA.
VET is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Ideally we want to close this daily candle above this level.
The Bollinger Bands Lower Band has moved upwards closer to the Middle Band indicating volatility has slowed.
The Chaikin Money Flow (CMF) is indicating VET is still being accumulated with the CMF Line (Green Line) at 0.13.
The MACD Line (Blue Line) had crossed under its Signal Line (Orange Line) on the 23rd April, but it is still well above its MACD base line at 0.0. We need the MACD line to curve back above its Signal Line.
At the moment VeChain has found resistance from its Lower Yellow Pitchfork Resistance Line & its Ichimoku Cloud Conversion Line (Tenkan Sen). VET needs to cross over these levels and turn them it into strong support.
You all know how i feel about VeChain, and how i feel it will soon decimate some of the cryptos in the top 10 on CoinMarketCap, so think longterm & grab a bag while it’s still under $1. Also, well done if you managed to pick up a back during that dip to $0.13 👍
Soon, the age of VeChain will be upon us 💪
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
Vechain
🆓VeChain/USDT Map (25/4) #VET $VETA little early for upward movements of VET, I think it will have a correction to 0.14$ zone before generating new rally up to 0.24$ zone and 0.34$ zone in May.
If VET keeps losing the 0.14$ zone, it will fall sharply to 0.1$ zone
📈BUY
-Buy: 0.135-0.145$ if A. SL B
-Buy: 0.175-0.185$ if A. SL B
📉SELL
-Sell: 0.175-0.185$. SL A
-Sell: 0.235-0.245$. SL A
-Sell: 0.33-0.35$. SL A
♻️BACK-UP
-Sell: 0.135-0.145$ if B. SL A
-Buy: 0.097-0.103$. SL B
❓Details
🕯Timeframe : 12H
📈Red Arrow : Main Direction as BUY & 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
VET DAILY TRADE #4 --> MOTHER OF ALL RSI CHANNELS *not my TA!So my trade yesterday broke horribly! I'm looking at the aftermath today and i honestly cant find anything on longer time frames. Its in no mans land and arguably hasn't even found where it wants to bounce yet, so i cant even find a decent lower trend line.
All I have notice this morning is this fruiting mammoth VETUSDT RSI ascending channel that cryptojtt, the vechain prince, pointed out. LOOK AT THAT THING!
His interpretation of that rsi is to bounce, my interpretation is basically PTSD from 2017 telling me, what happens most of the time with an ascending channel thats been forming over a long time...?? IT BREAKS DOWN!
But then the bull in me is like... BTC not looking bad today i gotta be honest! Maybe todays the day we get bullish again?!
I dunno man, i cant give advice here because I don't know the future. I'm feeling more bullish on longer time frame VET trades when VETBTC gets below 300.
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Fundamentals
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Market Cap = $14,333,165,000
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VETUSD LONG TERM UPDATEEven though H1 is a lower time frame, It does shows a complete ABCDE consolidation. VETUSD is set for an upside break-out with the first target being $0.35 from a measured objective of that peannut. $1 could also come sooner. It is only a 5x pump from the current price. We only buy the Dips and HODL!
VETUSDT TRADE DAILY #3 --> Asc triangles everywhere!Potential setup here. Its on the 1 hour, 4 hour doesnt look too bad. These are forced trades on VET for me, they just a daily thing im having fun with, i dont recommend trading them.
Problem with this setup is relevance on smaller time frames. BTC is testing 50k, i think, as of writing, it wants to touch below it at least once. Does feel a little bullish overall tho, like we are interested in exploring higher highs today.
These ascending triangles are forming across a ton of pairs now, evidence higher highs are being made and ALTS are reacting bullishly to it. ALTS really look like they want to go up.
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Todays VET Trade
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BUY: Along the trend line when it comes down to touch
TARGET: Prepare to sell .206c to .207c
OTHERWISE: take profit after the breakout, get a close above the 206 to 207 mark then strap yourself in.
STOP: .185c or 5% below wherever you may get in on the trend line
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Fundamentals
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Rank #13
Market Cap = $14,333,165,000
Blockchain-powered supply chain platform
Top tier project
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Morning Market VLOG#3 - We could be entering an uptrend!First 15 mins on mostly BTC price movements of the past 24 to 48 hours, i go over VET briefly and look at IOST and BTC on 1minute that i was watching last night.
I end with checking out some useful market websites, checking reddit and some crypto news aggregators
Safe Haven (SHA) ready for its next leg up$SHA
-5 Wave Microstructure (green) EW
-Retraced back to 0.618 Fibonacci
-Wave 1 & 2 of Macro EW
-MACD & RSI oversold on the Daily
-If it breaks lower Daily 200MA is a test...(should bounce)
Thoughts?
VET had a Fib extension of 4.618If the 4.618 extension is in play and was the absolute top for Wave 3, we just witnessed a correction Wave 4, I mean looking at the different supports from 0.382 where 18.9c was supported, then down to 0.618 where 13.3c, does feel like it is more correct than the way I had the other one. We shall see I guess.
Orange EW is the one I had to redo, compared to the original green as the green did not retrace.
VeChain Textbook Ascending TriangleVetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again.
Pros:
- The structure remains very strong despite bitcoin correction, validates an ascending triangle pattern.
- Indicators are being fixed, looking ready for rally (etc moving averages coming together)
Cons:
- Unstable time in the crypto market, BTC hanging on support if break below there will be more downside for all altcoins.
Personal trade idea: enter at break above 0.265 with retest / buy at accessing triangle supports. SL 0.195
VET 1D Will it increases +200% again?Two months ago we published an idea for a VETUSDT pair that the price can do +200%
And she did, even more, breaking through the channel upwards in which the price of VETUSD moved for a year and showing the result of +400% - +500%
Further, is even more interesting , the annual channel has confidently broken through up and even managed to test the strength of the channel base with a squeeze.
Now the daily candles are showing a consolidation above the $0.220 level, not really reacting to the BTC straits
If this trend continues, then we can expect another +200% increase in the price of VET
Is there a strong fundamental news background behind the Vechain project? Please write about it in the comments.
We consider the level of $0.17 to be the critical point. Fixing the VETUSDT price below this level may start a correction to the $0.75-0.95 zone.
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VETBTC TRADE DAILY #2 ---> DANGER! dont trade this unless stupidPretty simple one today guys, we are outside the ascending triangle , breaking pattern. We are oversold across the board. We are showing all sorts of bearish signs, we have no identity, completely following BTC price action.
Only hope is a hail mary last ditch tom brady style throw from deep to try and win it all.
DONT TRADE THIS, ONLY take greedy entry down towards 413, yes iam trading this, yes im stupid, but this is for tradertainment purposes. Can i beat the market?!
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Todays VET Trade
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BUY: 413 to 422
TARGET: 445 to 450
STOP: 410
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Fundamentals
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Rank #13
Market Cap = $14,333,165,000
Blockchain-powered supply chain platform
Top tier project
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Vechain (VET) Symmetrical Triangle Forming to $30 cents.Since my last call on April 4th VeChain (VET) has been up over 150% in the past two weeks. I knew VeChain (VET) wouldn't be trading at $0.10 cents for too long considering what VeChain is, the current market sentiment, and the global supply chain & logistics problems they're revolutionizing. If we breakout of our symmetrical triangle to the upside I believe we will retest $0.28 cents. If not I expect us to hold steady above trading at $0.20 cents. For the past 2 weeks we've also been producing higher lows.
To put things in a quick perspective according to research and consulting firm Armstrong & Associates Inc. The global logistics market was $9.6 trillion in 2018 and is expected to surpass $12 trillion by 2023. If VeChain we're to even capture 1% of a $12 trillion global logistics market that would put Vechain at a $120 billion from it's current $15 billion market cap. That's not even counting the monumental capital coming into the cryptocurrency markets. VeChain is the first mover in when it comes to supplychain blockchain technology. So when big corporations are looking to utilize cryptocurrency technology to replace antiquated logistics systems VeChain will most likely be at the discussion table. Bitcoin and Ethereum aren't specifically solving logistics and supply chain problems when it comes to enterprise.
It seems like VeChain is making strides to capturing a significant portion of the global supply chain & logistics industry everyday. The Internet of Things (IOT) is upon us. I've been saying that VeChain to a $1 is a very real possibility this cycle. Much peace, love, health, and wealth!