VET (VeChain): Channel DownTrade setup : Price is in a downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. Trend traders: wait for such a breakout. Swing traders can trade the channel, enter near channel support trendline and exit near channel resistance trendline of $0.27.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.02, then $0.015. Nearest Resistance Zone is $0.024, then $0.027.
Vechainusd
VET finally ready for LONG?!Flip BTC for VET?!
Looks llke the bottom is in for VET.
VET/BTC-chart indicate upwards next! With some push from BTC and a clean break out I definitely see VET on a potential 80% trade.
It will take some time for the trade to play out.
A breakout from the VET/BTC pair could give VET/USDT some momentum to ride on. Both charts looks potential strong in bullish market, if VET break out!
VET/BTC chart and VET/USDT match up well and 80% profit is possible.
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VET waiting my targetsBINANCE:VETUSDT
Possible Targets and explanation idea
➡️Vet weekly timeframe still waiting signal close short on weekly and buy based on TradeON
➡️I think we will see drop to 0.27 zone again sweep liquidity and close monthly gaps
➡️0.009-0.007 more likely will be a bottom for Vechain
➡️Positive bounce its a 0.039 monthly gap around 0 lvl
➡️Even after this bounce I think we will see continuation to low targets
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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) Cryptocurrency Short | Swing Trade | 20% DownsideThe Price has closed below the daily support on 8 May and has also retested the broken. support as new resistance.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
VeChain (VET) formed big bullish Gartley for upto 39% pumpHi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin with US Dollar pair.
Previously I shared a long-term trade setup for VET, which is still in play as below:
Now on a daily time frame, VET has formed a bullish Gartley move for another price reversal. (due to extreme sell-off, priceline broke down the potential reversal zone and it was likely to behave like a bullish Butterfly move, but recovered soon, and still it can behave like a bullish Gartley )
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
VET is still very bullish!Hey guys, if you followed my previous TA you made a lot of profits. Congrats with that. So whats next for VET?
- VET is still on a higher timeframes in a uptrend. Remember that the trend is your friend.
- We finally managed to break the 200 EMA.
- Plus were moving in my Brown box with decent volume.
- We didnt break out of the Brown box. But eventually we will…
- After that we could move to the next resistance at 0,03385.
Greet times and profit ahead! Leave me a like and follow me to keep updated!
VeChain (VET) formed big bullish Gartley for upto 918% huge moveHi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin.
On a monthly time frame chart, VET has formed a huge bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
VeChain (VET) Analysis 09/03/2021we are updating our Past Analysis on VeChain
as you can see the price has done its accumulation phase and now showing Hidden Bullish Divergence with MACD Histogram , which is the sign of trend continuation...
3 new Targets are Defined base on the Fibonacci Projections of the previews impulsive wave.
it may take some time to reach the 1 TP but as it gets Triggered the 2 TP is confirmed.
VETUSDT soon the MONEY MAKERVETUSDT like BTC or other coins is situated into a huge huge falling wedge which finally will made a breakout.
We are NEAR at bottom of this wedge so a good long position here can be a good opportunity
We have some bullish signals like:- on Daily we have a huge bullish divergence
We are near at falling wedge support line
When i m 'playing' with charts it s really important to take in considerary also the COIN versus BTC , BTC/USDT and DJI.
IF DJI will go up, BTC and other altcoins(all) will go UP. DJI it s the most important index for me on trading
The target from this wedge is 0.093$ aprox.
Good luck,it s a safe bet
Vechain Possible Bounce/Double BottomVechain has been moving within this triangle for a long time now and is almost reaching its apex.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area, and if that doesnt hold I'll be looking at around 3.6 cents for support.
Vechain looks promising but only if !!!the wave that is mentioned as "1" is a significant break of structure. 18541 percent move is telling many things; however, in order to avoid any emotional trade, waiting for a good correction is necessary. R/R ratio is not satisfactory in current prices.
NOTICE:
IT IS NOT A FINANCIAL ADVICE
Long on VETI think we are about to see a pump out of VeChain.
Indeed RSI is in the 'buy zone' and I believe we are approaching the bottom. Linear Regression candles also started to flip green which is a good sign but we need confirmation of uptrend with a green candle above the white line.
I would not like price to go below the strong support at $0.056 even though we could see a wick to that level. We might see the start of a W pattern just like we had in previous months.
When the bounce occurs, I expect price to go back up to at least the 0.5 fib level at $0.16 or top of the channel at $0.17 for a potential break and retest of the triangle line. I think if we break white line on RSI we should break through the triangle, if not we could come back down and consolidate some more inside the yellow triangle pattern.
What are your thoughts?