It begins...It took it's time, but Vechain has finally made that anticipated upturn! ⤴️
The start of the return of Vechain's comeback and the rise to eventual new price discovery! 🚀
Vechainpriceprediction
We are so close now 🚀🚀🚀Vechain has been in a strong bear market since the middle of 2021 and I think we've hit the bottom most part of Vechain's channel.
We had a recent huge drop wick from 0.021 down to 0.013 and then an immediate retracement back to 0.021 signifying strength and support in this area. The beginning of a bull market is exactly what I expect in these months leading up to Christmas 🎄 🎁
VECHAIN TO £13- As you can see previously VET did a 15,000% increase within 2 years!
- IF you were to invest £500 by dollar cost averaging in at around £0.02 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 25,000 VET coins!
- Now if you ware to divide your 25,000 VET into 3 sections you would have 8,333 coins split into 3!
- TARGET 1 - SELL 8,333 at the 4.618 level (£1) - 8,333 X £1 = £8,333
- TARGET 2 - SELL 8,333 at the 21 FIB level (£4.87) - 8,333 X £4.87 = £40,581
- TARGET 3 - SELL 8,333 at the 55 FIB level (£13.27) - 8,333 X £13.27 = £110,578
If you have the patience and wait for VET to reach those FIB LEVELS, then your £500 investment could be around £159,492
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARH - ONLY INVEST WHAT YOU ARE WILL TO LOSE!
VET last time we made 186% impulse UPBINANCE:VETUSDT
Vechain looks pretty solid! We bounced on D timeframe from downtrend FIB line, almost retest fundamental price (green line)
Stochastic and RSI showed capitulation and we laying down. Last time when we saw this VET make a impulse move up in a few weeks and made 186% in this case we possible can see 0.768 level by fib and reach 0.23$
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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VeChain (VET) on its path to $1,50History doesn't repeat but it rhymes.
Mark Twain once said this, and even though he was probably not talking about charts and price movements in particular, the statement is true. Because what he meant then are human behavior patterns and human behavior patterns are reflected in price movements.
Now to business.
Have a look on the chart an let us compare the end of 2020 and today's price movements. Then, as now, the VET price formed a high (1) before subsequently correcting sharply (2). Over the following weeks, it entered a sideways movement and formed a new bottom (2-8). This sideways movement crystallized a year ago as an accumulation phase.
Shortly thereafter, the VeChain price rose from around $0.01 to just under $0.28.
As the chart above illustrates, the VeChain price and its current movements show great similarities to the pattern back then. In this regard, we may have already seen the last counter-movement (8) and are on the verge of a structural break where the price will establish the previous high between $0.14 and $0.15 as support.
Note that I have added a question mark to point 8 here. This is because it is not yet certain whether we have actually already seen the lowest point of the current countermovement here. Should a lower low than (8) still form, an adjustment of the further course would be necessary.
Furthermore, there are still a few notable hurdles to overcome before it should be assumed that a similar price trend will announce itself here as it did back then at the end of 2020.
The pattern where previous higher highs are broken and established as new support by higher lows should repeat at least 2-3 times. This would give the certainty that a stable uptrend is being constructed here, which is about to enter its parabolic phase.
For the VeChain price, such price levels where resistance becomes the new support should be the following:
- $0.14 to $0.15
- $0.20 to $0.25
Should this succeed in the coming weeks, there is much to suggest that the VeChain price will indeed enter a new parabolic price rally. If this still hypothetical price rally will be similar to the previous one in relation, about $1.50 is the price target.
Souce: VeChain Prognose
VET - VECHAIN; PT 2; see pt1 success, the final stageVET - VECHAIN; PT 2; see pt1 success, the final stage
The final acts are near. Prepare yourself.
See part 1. I am refining this one a lil, reducing top options a bit.
Good luck on the EXIT
VE CHAIN VET CLEAN TECHNICAL ANALYSIS Looking at ve chain here on the 4hr time frame.
- Focusing on the outer structure and the bigger picture play happening with this coin we can see price has previously had a major impulsive leg to the upside reaching its most recent all time high.
- Since then price has been corrective in a bearish trend with price forming a symmetrical testing and respecting the trend lines on the upper and lower areas of the structure,
- Most recent price action shows that price has rejected the second touch of the outer triangle and had made an impulsive push to the lower part of the structure.
- Price is now currently in a bear flag continuation pattern. I am anticipating price to make a third touch to this pattern before making the continuation to the downside where there is a high probability of price testing the fib support area near the green box.
- There is also a possibility that price may confirm support at this current fib level located at the orange box area, after price may confirm support from these areas we may see and impulsive push to the upside if price breaks out of the symmetrical triangle.
VE CHAIN CLEAN TECHNICAL ANALYSIS Looking at VECHAIN - VET here on the 1 hr time frame we can see that price previously has an impulsive rally to a key high area where it tested resistance at $0.28 and made a rejection.
Since then price made a push to the downside breaking through the 0.786 fib support level.
Price is currently in a symmetrical triangle pattern coming from an impulsive move to the downside. Price started this correction after testing the 0.5 fib support which it respected and has formed a multiple touch triangle pattern.
I am anticipating that price will continue to respect this triangle and anticipating a small push to the downside where price action should test the 0.618 support level once again confirming the support to then make a push to the upside possibly testing previous highs
There is a possibility that price may not respect the 0.618 support as the overall trend is coming from an impulsive move to the downside and this triangle may be a continuation pattern.
We may push down further and test the $0.14 area before moving back on track to the upside to create new highs
Thanks for reading !!!
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 :)
#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!
if u like it press like-comment and folow me.thx
Update "VET bull flag" I was about 2 days early on the price surge, no worries if you went long at .00875 the price traded sideways before breaking out, no losses.
14.67% gains if you went long.
current price is at my TP in previous idea .0102. looking to hold support at the .010 level then consolidate possibly over the weekend
set your stop loss with some breathing room below the .01 level (.0097)
continueing long position with VET.
Keep it simple, stay profitable
Like & comment
Thanks happy trading
Vechain Price Making Slow yet Steady RecoveryThe cryptocurrency market is known for its extremely volatile nature, the price of cryptocurrency fluctuates in a matter of seconds. Vechain has recently gained a notable 6% in its price pushing bulls in the Green area, There are 3 large price swings in this period and the amplitude of its value is between $ 0.0032 to $ 0.0034. The initial value of the VET was $ 0.0032 and is the first blow added about a 6% increase in its value, and its value becomes 0.0034 dollars. Then there was the deduction of about 3%, reducing its value to $ 0.0033 before the market closed there is a growth in the cost of around 0.0001 and finally, their value reached $ 0.0034. Although there is an increase in the value of VET, there is a decrease in its market cap. Market capitalization has shrunk to 190.85 million dollars from 191.5 million dollars.
Source: TheCoinRepublic
VET Price Prediction 2019 and 2020VeChain is currently exchanging at $0.003923 USD. Looking at the information of VeChain since its beginning, the speculators searching for positive ROI (degree of profitability) are distraught due to ceaseless bearish conduct.
Transient Investment on VET is a genuine no-no according to numerous speculators and different assets due to the negative ROI, Since the dispatch of VeChain, its ROI remains at - 73.25%.
Long haul interest in VET can't be anticipated precisely as the charts of VET give Bearish indication and is unequivocal of following downwards. Be that as it may, considering the elements, for example, Market development, Development of VeChain, mechanical focal points and so forth there may be an opportunity of VeChain going bullish in the coming years.
News Source : TheCoinRepublic
To amaze the entire crypto market, Vechain Might Tie-up Karma
One of the most famous just as a main worldwide endeavor level open blockchain stage, Vetcoin has given the absolute best instances of solid just as dynamic tie-ups in the historical backdrop of the crypto showcase. Truth be told, a year ago the Vechain shockingly to made an intense stride of working with the Government of Cyprus and effectively actualized their answer for national-scale digitization to the Cyprus Securities and Exchange Commission (CYSEC).
Additionally, talking about the present year, the Vechain by and by overwhelmed the whole crypto showcase when out of all the crypto firms, Amazon picked Vechain for the tie-up. It chose to work with Vechain for the AWS.
News Source: TheCoinRepublic
Vechain (VET) Price Prediction : Will VeChain become the best
The Singapore-based VeChain Thor is a Blockchain platform designed for business applications dedicated to revolutionizing how products travel through the supply chain. One of VeChain’s core technologies is PoA (Proof of Authority), which successfully combines some of the benefits of centralization with technological advances. This platform eliminates some issues related to government regulation because it is based on the identity of the validator and not on a consensus. These are the authorized nodes responsible for validating transactions.
Vechain Latest Partnership
In a recent event organized by the world’s largest consumer electronics company, Haier announced a new strategic partnership with Vechain and DNV GL.
According to Mr. Zhang Weijie, executive director of the Haier Institute for Industrial Intelligence, the cooperation will improve the life cycle of clothing.
This strategic cooperation empowers the clothing lifecycle management system through public blockchain technology, enhancing consumers’ trust which is becoming essential for a business to succeed. an ecosystem approach is the best way to increase levels of transparency and trust, with innovative solutions that bring together various technology elements combined with verification activities.
COSMOPlat is a platform called the Internet of Clothing (IoC). This platform is expected to use VeChain’s technology and blockchain to create a blockchain-based clothing lifecycle management platform.
The new platform built together is called MyStorey and will allow customers to identify product information simply by scanning a simple QR code. In this way, users will know which items were used during the manufacturing process. This would give transparency to businesses and users.
Vechain Price Prediction
An analyst on trading view expect the price of Vechain to surge amid the potential double bottom momentum, He wrote $VET Gaining some momentum as a potential double bottom shows up…, he further concluded the double bottom test price reaching the 110 sats support level. The price could breakout above 120satoshi. The volume of Vechain VET starting to grow again. The RSI and MACD charts are rising, the UCTS Showing a buy signal on the 6H & 12H chart. Given the current price, it would be a good RIO for traders. Many cryptocurrency experts have established their price prediction for VeChain Thor.
According to the news of U ° Today, VeChain Thor price forecasts are expected to be around $ 21.02 to $ 30.92 by December 2019. This year, VeChain has the potential to sell up to $ 19.6.
VeChain Price Prediction: VET Striving to touch $0.009 Mark
Cryptocurrencies in the crypto market are under the bearish correction, but now some of the currency’s values are getting back on their track. Still, Bitcoin, Etheruem, and Ripple, Bitcoin Cash and Bitcoin SV are not recovering from the bearish correction. But, currencies such as Litecoin, Binance Coin and VeChain are gaining bullish momentum. The experts are saying that Vechain will reach up to $0.0088 USD in June.
VeChain’s new researched paper has been published in alliance with the Darthmouth College Group. This step of Vechain made it visible in front of the young investor in the cryptocurrency ecosystem. VeChain is always very modern in strategizing their policies and alliances which is helping in a value increase of its token VET.
Current Status of VeChain (VET) : Currently, VeChain is trading at a value of $0.007988 USD and its value is increasing by 6.27%. The market capitalization of the currency is $442,965,574 USD and the 24-hour volume of the currency is $29,624,515 USD. The value against Bitcoin is 0.00000102 BTC.
Yesterday, the value of VeChain was trading at $0.0073 at the time of 08:24:12 UTC. The value of the currency even increased up to the value of $0.0076. The experts are predicting that the value of the currency will catch the upside trend and again reach up to the value of $0.0088. The experts have predicted that the value of the VeChain could reach up to $0.009 by the end of the year 2019. The price of VeChain will increase in the other half of the year and the reason behind the increase because of alliances, upgrades, and firm coin movement in the market.
Vechain News Today: Recent partnership with DNV GL and Counterfe
Since its already known that Vechain has been in all bearish zone for a few months now. In fact, some analysts strongly argued the fact that it’s high time now that chain comes up with some new strategies that can truly boost up the crypto price.
The Ray of HOPE FOR VECHAIN
Well, the scenarios for vechain might change in the future as now it seems VeChain is consistently trying with extreme efforts to come in the bullish zone.
As per the recent report, China’s largest wine importer namely Counterfeit Wine has now joined hands with VeChain.
The largest wine importer plans to use the VeChain’s blockchain technology which will primarily be implemented for tracing anti-counterfeit.
Now the part that must be noticed is the fact that China can undoubtedly be seen to become the world’s second-largest wine consumer by 2020. Therefore, if observed with proper calculation, it can definitely be said as the sales of wine go high, the equal benefits shall be enjoyed by all other that on-board.
VECHAIN’S MARKET AT PRESENT
Speaking about the trading price of VET against USD at present, it can be seen somewhere around $0.0044792. Whereas, the market cap of the crypto was found to be 252,671,985 USD.
During the same time, the 24-hour trading volume of this particular altcoin was around 28,001,391 USD.
Moreover, as far as the total number of VeChain chips circulating in the market is concerned, it was around 55,454,734,800 VET.
Therefore, with a return of -69%, the crypto lies in the 31st rank at present.
VECHAIN NEWS TODAY (THOR PRICE PREDICTION)
Considering the upward shift of 3.49% yesterday, the crypto has been able to showcase its reliability in the market once again. As per the statements from some analysts, the crypto might be able to trade around $0.1 by the end of 2019.
However, as of now, the VET has got a support level of 0.004245 USD whereas the immediate resistance for the coin is at 0.004665 USD.
INVESTMENTS WON’T GO IN VAIN
If you too are one of those terribly worried about their investments in this crypto, then its high time for you to acknowledge that your money is not in vain.
It can be said so because of the constant efforts of VeChain, the crypto has now emerged as one of the most reliable firms to partner with. This is why 2019 witnessed some really effective partnerships of VET that restores the faith back in the firm, even if it’s going through rough times.
Along with a recent partnership with China’s largest wine importer, Counterfeit Wine, the VET has been able to gather some major clients all around the world.
Some of its clients include DNV GL, the Chinese Government, Louis Vuitton and many more.
Vechain (VET) Price Prediction: $50 Trillion Supply Chain Indust
The Asia-based firm VeChain expanding its IoT platform and supply chain through the creation of the VeChain Thor network. The goal of VeChain Thor is to be a blockchain ecosystem designed for business and focused on governance and ease of use. The project plans to exploit a native blockchain that will allow companies to easily use various smart contract applications. VeChain focuses primarily on the exchange and storage of data via the blockchain and has executed active applications in the supply chain.
Donald Tapscott, president of the Blockchain Research Institute in a recent Interview with Bloomberg, made some interesting observations, where he said the perception that blockchain is a technology that can’t scale and is used in nothing important is a myth.
Donald believes that blockchain technology is growing and its adoption is gaining ground around the world. He cited the growing transfer of the $ 50 trillion supply chain industry to the blockchain. Tapscott went a step further by quoting companies like FedEx, which he says wants to rebuild all of its activities on the blockchain. So, with all the benefits this change will bring to this new technology, which blockchain platforms will benefit the most?
He further said, there are several blockchains focused on Supply chain Market. However, the one which clearly dominating the supply chain market is VeChain(VET). Currently, a number of companies using the VeChain Blockchain in the real world Practical applications. One of them is DNVGL. The DNVGL My Story allows businesses to use the Vechain blockchain to track a product and learn about its identity. As per the DNV GL website, three Italian winemakers are already using this technology. It states that,
The My Story™ frontrunners are Italian wine producers Ricci Curbastro, Ruffino and Torrevento. They are now ready to share the characteristics of their wines traced from the farming and winemaking to packaging and distribution. Consumers have access to all the facts, using their smart device to scan the QR-code on the bottle. In the connected consumer dAPP, they can instantly browse product facts, the wine’s timeline and locations from grape to store for every bottle.
This matters a lot because it eliminates the problem of counterfeits, which is a big problem in the global supply chain, not just in winemaking, but also in all sectors. Essentially, with the lead that Vechain has been able to prove through practical demonstration of its operation, it should adopt faster than other block chains. In addition, Vechain (VET) has the goodwill of one of the world’s most strategic sourcing countries, namely China. VeChain recently collaborated with companies based in China, such as BYD.
China plays a strategic role in Vechain’s growth as it accounts for a significant share of the $ 50 trillion supply chain market. Almost everything shipped to the world comes from China. Raw materials also arrive in China 24 hours a day from all over the world. This makes it a strategic market for Vechain’s future by giving manufacturers more control over what they produce.
Essentially, the holders of Vechain (VET) hold a high growth asset. The performances may not be as good now, but they still offer a lot of potential in the long run. Blockchain technology is still in its infancy. Once this becomes a truly mainstream technology, the future of high utility block chains like Vechain will grow astronomically.
VECHAIN (VET) PRICE PREDICTION
Now, VeChain is affordable. The per token price of VET is 0.005987 USD. It is down 5.93% against the US dollar and 2.75% against the price of the BTC. Do not forget that the entire cryptocurrency market is emptying. Almost all crypto-currencies lose ground against the USD. The transaction volume on VeChain is $ 15,967,326 and the market capitalization is $ 332,014,323.
VeChain Price may surge to as high as $1 as Indicated by smartereum ‘It has the potential to cross the $1 mark and move higher against the USD.
Essentially, the holders of Vechain (VET) hold a high growth asset. The performances may not be as good now, but they still offer a lot of potential in the long run. Blockchain technology is still in its infancy. Once this becomes a truly mainstream technology, the future of high utility block chains like Vechain will grow astronomically.
Is It Time For VeChain to Introduce New Strategies? Price analysAfter an attentive observation, one will undoubtedly agree to the fact Vechain is not at all having a great time in the market as of now.
The crypto undoubtedly tried to maintain its position in the market and has been strengthing its thresholds for long. However, now it seems that it might need a bit more supply support. This is so because the scenarios are becoming increasingly tough for Vechain to handle.
PRESENT SCENARIO OF VECHAIN
Before analyzing the depths of this crypto, let’s look at where it stands at present.
As per the charts of 20th August, VET was observed trading around $0.004704.
At this point of time, the market ranking of the crypto was found to be at 32nd rank.
The ROI of the crypto lies somewhere near -69.29% whereas the 24 Hour Volume was 27,343,268 USD. Moreover, the market capitalization of the firm was found to be 256,118,982 USD.
As far as the Total supply and Circulating Supply is concerned, it is around 86,712,634,466 VET and 55,454,734,800 VET respectively. Whereas the 7 Day high as well as low was found to be 0.005306 USD and 0.004395 USD.
VeCHAIN’S BEARISH STORY
In order to understand the actual reason VET terribly fails to recover, its imperative for us to look through its bearish journey that doesn’t seem to end.
If we go back to the past, we will find that the VET was trading above the baseline at $0.006448. Truth be told, it was actually since then that the bearish trend started recently.
The value of VET then simple dropped by a large amount, i.e., 19.36% on 1st August. The value at that time was around $0.0052.
Since then, although the value tried to move up on 3rd August by 15.46%, the price of VET faced enormous downfalls.
In fact, on the 15th of August, the value tremendously dropped by 26.78% which made the crypto hit its lowest.
However, the value, as of now, seems to have grown up by 7.79%. This might be an uplift for VeChain but it’s not at all enough to recover its losses.
TIME TO FIGHT BACK
Since VeChain has been fighting its bearish trends for quite a long no it can quite clearly be seen that it is finding it difficult to overcome it.
In response to this, the majority of the analysts firmly believe in the fact that its high time for VeChain to come up with new and effective strategies that might boost up its performance.
Its, in fact, now time for VeChain to be capable of gathering some attention in the network.
As far as the present scenario is considered, VET seems to be quite popular but only among the short group. This is why it seems to be the right time when it might need a little more supply support.
