VET Cooldown before new ATHWe saw a marketwide correction last night with most cryptos dropping 15% to me this is nothing out of the ordinary, we have been running up like crazy and with that we need corrections before we can keep moving up, it also great for creating more support. The VET bulls bought up the dip super quick bringing us all the way back up above our 0.2 FIB Level! I think soon enough we will start to see the markets and VET move up again creating new ATHs. The Zero Lag MACD did actually cross bearish but has recovered and flipped back bullish and starting to separate! Our EMA ribbons still look extremely bullish, pointing upwards and starting to spread out and open up carrying us with bull momentum. The RSI is overbought but coming down a little bit and the Ichimoku cloud is printing us green support clouds still but starting to turn a little sideways. Ideally it would be good if we went sideways for a few days before heading back up to create and strengthen support levels. Not financial advice just my opinion
Vechainusd
Vechain(VET) Update: 228% Gain from Buy Zone 4..Next Stop $0.33 Vechain(VET) Update 18/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :)
Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below.
Update 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 $VETUSD Long Term Target PTs .35-1 and higherEnterprise-level partnerships send VeChain (VET) price to new highs
Real-world use cases and enterprise-level partnerships are just a few factors behind VeChain’s recent breakout to a new all-time high.
Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads.
Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize supply chain management systems.
Data from Cointelegraph Markets and TradingView shows that the price of VET has increased more than 400% over the past two months, climbing from a low of $0.0263 on Feb. 8 to a new record high at $0.1344 on April 9
Major collaborations ignite VeChain price
A scroll through the project’s Twitter feed shows that VET's price growth in 2021 has largely been stimulated by the adoption of its supply chain tracking technology. On April 8 the team announced a collaboration with the software company Salesforce.
VeChain’s technology has also been utilized on several projects that are managed by its partner DNV. DNV uses VeChain's blockchain solution to manage the data from projects with the Danish company ReSea and the Norwegian industrial company Hydro.
The increase in VET price and adoption since the beginning of February has also led to a 1,000% increase in the price of VeThor Token (VTHO), which is used to pay for transactions and smart contract interactions on the network.
An early March NFT-related collaboration with VIMworld also helped bring extra attention to VET and VTHO and was followed by a steady increase in price.
The positive benefits of these partnerships were reflected in data from Cointelegraph Markets Pro, which shows that the market conditions for VET have been favorable for some time.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
As seen in the chart above, the VORTECS™ Score for VET turned bullish and reached a high of 73 on April 3, about two days before a smaller price spike on April 5. Following this move, the VORTECS™ Score increased to a high of 87 and remained in the green zone over the next three days as VET price gaine 35%.
Now that institutional investors now taking a serious interest in the crypto sector and the ways that blockchain technology can be integrated into various sectors, VeChain’s real-world use cases and growing list of enterprise-level partners indicate that there is potential for further upside.
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSD@vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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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!
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Vechain(VET) Update: looks ready for another 37% Gain to $0.11Vechain(VET) Update 05/04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below.
Update 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 $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
Downtrend ChannelNotice if we the first arrow showing a dip against a resistance line, where BTC did move up and not went down. Though it broke out of that resistance, with BTC moving down VET also will move down, I suspect end at the same spot as last time, however depending on BTC still moving down or bounce up. But one thing is VET is very far above it normal growth lines and might be in need of a big retraction or it established a new growth line in blue, but I doubt it as it will go through the line with BTC moving down. As how much the resistance was able to push down VET the next one should be even stronger and push down VET even more, before it can truly shoot up or it need a big news announcement to break though it.
[35%] VET / USDTAnalyse :
- We still above the Kumo, Tenkan, Kijun
- We can see a canal in yellow
- We still above 0.786 Fib
- Target 0.122$
What Is VeChain (VET) ?
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Vechain loading up momentum Vet has been holding our 0.2 FIB level solid and i believe we will see another daily close above here. Our stoch RSI is looking good slowly coming out of the oversold zone aswell our RSI has been going sideways for a little bit now but we are seeing it sloping slightly due to recent price action. The RSI is kind of close to the overbought range, but we have been since the beginning of March without any noteable big dips. I think a lot companies and institutions and retail are starting to realize what VET is and the potential for the great technology its providing. Last the MACD is looking the same as RSI and Stoch building momentum the more accumulation. We could see a Golden cross any day now in my opinion, Not financial advice!
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 :)
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 :)
IMPORTANT DAILY CLOSE FOR VET!I am looking for a daily close above the 0.2 FIB level which as of right now is pushing through slightly. A daily close above our 0.2 fib in my eyes would give us a good chance to head back up ultimately regain the ascending channel and go for that ATH! The past 2 days we have been trying to breakthrough the 0.2 and i think todays the day with the market starting to rebound a little bit, but keep in mind BTC moves the market so watch that aswell. Our ichimoku cloud is still bringing us bullish support and is beginning to point up! the EMA ribbons are still wide opened up carrying us with bullish momentum and are slightly beginning to turn up! Lastly the MacD has turned slightly bearish over the past couple days but we could still see it reverse back! NFA just my opinion