Very important close for Vechain!!!VET has been moving sideways along the 0.2 FIB level for some time now and seems to be getting dragged along with a big part of the market. We do really need to see a daily close above this 0.2 and hopefully see some bullish momentum bring us upwards. We look like we are getting stuck on the middle line of the bollinger bands and aswell holding the 0.2 FIB very strong. also the BB's are squeezing down on our candles and we could be loading up for a big move if we continue like this, could be bullish or bearish though. The reason i think this daily close is so important is because if we don't hold the 0.2 thats bearish in itself then we add on the chance we start riding the bottom band on the bollinger bands which almost everytime results in a pullback. The RSI keeps shying away from the 50. point and we are currentlly slopping downwards, we need a full break of the 50. point and a hold to be considered in a uptrend again. the MACD is bullish as of right now but we see the Blue MA starting to curl downwards coming towards our orange and we could be seeing the beginning of a bearish cross. I am overall very bullish on Vechain as a short and more long term project for sure and i definitely look to add more when i can. if we do by chance see a little pullback i imagine we won't go further than the 0 FIB level where we touched during that big correction. Not financial advice just my opinion!
Vechainchart
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!
VeChain VET clean technical analysis looking at VET here on the 1 hr we can see that price had an impulsive push to the upside finding resistance at a fib level,
since then price has made a rejection from the high and is moving correctively in the form of a descending channel back to the most recent fib support area that it previously broke through, anticipating for price action to complete the correction and possibly confirm support at the double bottom or move slightly further back to the fib level where they grey box is located. if price rejected this support and confirms a move to the upside this can be a good high probability move to the upside for long positions in the green zone.
Vechain on the verge of a huge run! Vet has undoubtedly been one of the most impressive cryptos in the past couple months putting out great numbers and has been in a very solid uptrend. I really think this is due to the realization from both retail and institution of what Vechain is and what it is doing and providing! We recently created a new ATH and i think we are going to see another one soon! Our Zero Lag Macd looks super bullish and we are seeing strong upwards movement with no sign of slowing down! We are beginning to ride the top of the bollinger bands which is very bullish and you can see the same thing and how it played out around FEB and March on the chart!! Ichimoku cloud is bringing us nice green support clouds, pushing up. Overall i think vechain will be one of the best investments for the future, the technology and what they are doing is so incredible and they already have real world use cases that are being used around the world everyday! Personally I can see myself holding onto most of my Vechain for the next few years! Not Financial advice just my opinion!
Vechain gearing up for an explosive move!Vet has been going sideways in accumulation for a almost a couple weeks now after its huge run up creating new ATH's and support. I believe its just a matter of time before we see VET go on another huge run creating new ATHS and upper supports! All we have in the way is 1 FIB resistance level coming from the ATH! the longer the accumulation goes for the stronger and more explosive our next move will be! The MACD is looking good we are starting to see a slight point up, I think we are going too see a golden cross any day now at the start of the next run up! We are seeing a nice spread among the EMA ribbons which are also slightly pointing up, dont think we will see a flip of the ribbons anytime. And the coppock curve has been on the fall and we are now reaching the bottom and i expect us to see a reversal sometime soon. Overall very bullish on VET i believe this project is going to play a crucial role in the future of crypto and real world retail which it is already dominating in! NFA just my opinion!
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 :)
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(VET) Explosive Move Back To ATH & Beyond 55% to 74% GainVechain'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 will be bullish again but before we will dropVechain really gave a good profit this year for investor, reaching almost 0,008 usdt per token, and surely we will reach this price again, but not today, before that we will drop again around 0,0047 usdt and so the pattern has forming Vechian will be complete, a falling triangle. After that i expect Vechain will touch again 0,008 usdt and maybe reaching new ATH, if BTC permit... Well let's see
The Truth About $VET You Need to Know. It's a .....VeChain is a public blockchain platform that focuses on supply chain management and smart contracts. It is commonly listed as VET on crypto trading platforms. VeChain was the only top 20 cryptocurrency that did not show negative returns in the first three months of 2018, instead gaining 28 percent. In April 2018, it was the 17th largest cryptocurrency. (Wikipedia)
Right now it's sitting at #19 on coinmarketcap with 55.5 billions circulating supply and 86.7 billions of total supply. VeChain is from China and was born almost 3 years ago, right now they have a great office in Singapore.
VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real world applications.
It's a great project by the way, but it's quite new for me. The truth is that this volatility on the market price on VeChain can't convince me that i have to have this on my portfolio list rather than stopped only at my watch list because it's quite tempting for their ambitious VeChainThor project. I suspect nothing but good for their future, but i need to consider that i have to be careful right now towards some project.
Well, it's me. How about you?