VET new growth channelEventhough the last few days felt as if VET was only falling down, but if we moved the line of the growth channel before the big BTC dips we can see a new growth channel is setup aligning the same angle as the previous growth channel. This seem to be the most promising prediction as we have retested the support already many time, but I also doubt to fall so far down to test another support as that would mean a big crash.
Vechain
Update: Vechain(VET) looks ready for another 37% Gain to $0.11Update 30/03/21
Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10.
Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target.
See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
VeChain - Potential Breakout of an Ascending TriangleVeChain Update:
VeChain is in an Ascending Triangle Pattern on the 4hr chart. An Ascending Triangle Pattern has a very, very high probability of being a continuation pattern in a trend……… that’s a continuation of an UPTREND. The breakout could happen soon or the triangle could be pushed out longer for a longer period of consolidation.
Volume is low within the Ascending Triangle Pattern. We need to see increasing buyer volume on the breakout to confirm the renewed upwards direction. If the breakout is on low volume then it will be a false breakout and the price will potentially drop back within the pattern.
VET has found very strong support from its Ascending Triangle Pattern Trendline.
VET is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Upper Band and Lower Band are pinching inwards indicating volatility is still slowing.
RSI is indicating Momentum is sideways.
The ADX DI SMA is indicating that VET is still in an uptrend, but its a weak uptrend with the ADX (Yellow Line) at 14.4 below its 10 Period SMA (White Line) at 15.4. The + DI (Green Line) at 16.4 and still above its -DI (Red Line) which is at 11.9. A weak trend is to be accepted when there is a period of consolidation.
VET is pushing hard to get above its Volume Point of Control (POC) which i believe it will do after it has chipped away at the shorts. Ideally, we need to close this or the next 4hr candle above the Volume Point of Control (POC).
VeChain is looking absolutely fantastic and it looks like it is potentially poised for another breakout. VeChain is a crypto with a client base that would make any corporate jealous with envy. VeChain has completely gone under the radar of most and i feel it is still the most criminally undervalued crypto ever, but the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer!
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
VET cup and handle with BOOBS formation! Hi Traders,
We are looking at the 1 hour chart of VET/USD.
As we can see, a cup and handle with boobs has formed! The boobs suggest a very bullish signal on top of the bullish cup and handle.
Furthermore, the volume in the boobs is increasing which is a good signal. A tight squeeze of the boobs could make life more interesting.
However, I am not a financial boobs specialist, some say they cost a lot of money. Not the creation but the maintaining of it, so don't take this as financial advice.
Press the like button and leave a comment in the comment section!
VET ready to push for ATH/ NEW ATHVechain has broke through the 0.2 FIB level a few days ago and has since been holding it very strong, Im confident we will see a daily close once again above the 0.2 FIB and im looking for us to continue up and go for that ATH level and ultimately a new ATH. Watch the MACD closely i would like to see a clear flip to bullish which right now has been twisting in and out of bullish not moving very much. We are seeing nice support coming in from our Ichimoku cloud opening up a bit and slowly pushing higher. The RSI is slightly pointing up still remaining above our 50 line showing a clear uptrend. The Stoch RSI is also starting to point up even more and recently flipped bullish coming out of our oversold zone. Not financial advice just my opinion.
VET updateAs expected, we've now been consolidating for about a week around the 159 sats level. Reaching the target I set in a previous idea.
As we're consolidating with volume still stagnant, we could see another leg up towards the 210 sats level, which has confluence with the high we made back in July.
Are you still holding or did you take profits already?
Vechain(VET) looks ready for another 26% Gain to $0.11Update 27/03/21
Vechain(VET) looks ready for another 26% Gain to $0.11. See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
VET: the parabolic rocketship with a moon mission!Update on my previous VET update from March 13; the start of the parabola.
BTC DUMP
During BTC's dump VET consolidated but stayed well within its bullish megaphone.
Currently its breaking out of a huge triangle and W pattern and will fly off; check chart for targets.
VET PARABOLIC RUN
I am super bullish on VET and it is one of the best risk / reward alts than go much higher than current valuation.
For the mid term; I see VET targeting 0,15$ by the end of April / beginning of May - that is more than 50% increase!
VET has both fundamentals and hype and still has to catch up with the current bull run, this means she has a lot of gas!
This means that I expect VET to outperform BTC and most major alts in the mid term.
IMPORANT: this is not financial advice, trade or invest at your own risk and research.