Vechain cooling off for nowWe saw an aprx 10% dip for vechain today but i believe we are just seeing a little cool off after a big run up. We are seeing price action touched down at the bottom of our ascending channel but has rebounded back up, currently we are pushing to come back above our support at 0.0737. I think short term we could see possibly a drop down to the 0.0709 support. our Macd has turned bearish for now and im looking for it to cross back over. EMA ribbons are still carrying bullish momentum and as of right now are starting to point a bit sideways and the ichimoku cloud support has been a little light but is still bullish and pointing up now. Overall still very bullish on VET just thinks it needs to cool off like it has been doing before continuing to fly up. Not Financial advice just my opinion.
Vechainanalysis
Vechain(VET) Explosive Move New ATHs 30% Gain to $0.10*Update Vechain Outlook 15/03/21*
Road to $0.10 is clear, 30% Gain from current price level to the 161.80% Fibonacci level. Buy the dips, be patient!
*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 cooling off before next move.Vechain is looking like its cooling off a bit after our big run up. Im looking for the bulls to hold this support line we are currently holding, i believe we will we have nice support printing from the ichimoku cloud and our EMA ribbons are carrying us and pushing up with bullish momentum. The Macd is looking very bullish its starting to slightly point sideways like we are seeing with our recent candles. The stoch RSI is coming down from overbought and is about to enter back into our neutral zone. We could see some accumulation along this support for a little bit but if the bulls boost price up and keep us trading inside our ascending channel there is a good chance we will fly back up to our ATH levels. NFA just my opinion.
Update for VET We have rejected off ATH resistance but are still comfortably holding the Top of the FIB retracement, i think we could possibly see some accumulation as we go to try and break the ATH and enter into Price discovery mode. Once we break this ATH we could see a continuation upwards creating new support levels. Stoch RSI is coming back down out of the overbought areas so we could see a little bit of sideways/ downwards movement but i believe it wont last for long before we go back up. NFA Just my opinion
VeChain is Retracing 15/02/2021VET was ascending in a channel before its shoot-up and now it seems to be retracing back for a while,
we can be optimistic about its rally if the specified Green Support Area stands,
Green Support Area has confluences with Fibonacci Golden Zone and top boundary of the same Ascending channel.
The retracement also can be channeled for better understanding and our Longing preparation.
I think it is a wise decision to wait and watch the price to fall and touch the 0.04366 area few time and then opening the Buy position.
we can target the 0.07750 as the support stand and the rally restarted.
please post your analysis in the comment section...
#vetusdt #vechain #4h #vechainHi guys..its the latest analyze chart of VETUSDT in 4H timeframe(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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VET 1D It's time to correct downSince the publication of the previous idea , the price made good +60%.
Also, the VETUSDT price tested the past historical high for strength.
At this stage, it is more likely that it need to make another rollback down before updating the high.
The liquidity zone of $0.0155-0.0175 will act as a magnet for correction.
In previous ideas, we wrote that the chart shows a strong interest in the coin. However, at the moment we have not found any news that could help break the historical high upwards.
Nevertheless, we will consider the long scenario for trades if the price confidently fixes above $0.0336.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
VeCHAIN and a great BUY-CHANCE!Hey r tadomaniacs,
Vechain seems to continue its UPTREND and has recently created the next Impulse-Wave.
This could cause nice bullish confluence and so a break of the resistance-zone in order to create the third and extended Wave.
Looking at the Wave-Sctucture, we can expect at least two more Major-Waves upwards in order to complete the entire Impulse.
With this trade we could just participate the next impulse before we head into the next correction.
I will patiently wait for a breakout before I buy!
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Peace and good trades
Irasor
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VET 1D Continuation of a strong fall cannot be avoided.You can make sure that the VetUsdt pair works out technically well by looking at our previous idea .
Fixing a low at $0.0089, Vet, following the example of BTC, organized the growth by 36% , which is a weak indicator against the background of other altcoins.
Such input data suggest two scenarios of development in the near future:
1. If the price can fix above the level $0.0118, then another small interval $0.0118- $ 0.0133 will open for growth.
2. If the price even today draws a false breakdown of the level $0.0118 as in the previous two days, then, with a high probability, a long way will open for a fall with the final target $0.0077.
______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)