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Vechainusd

Will VETUSDT close the week above key level again?Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see the price close above 0.0265 again for the second consecutive week. I do believe this is significant. And it's even better if we close this week above last week's closing price (0.0271). Note, however, that the market is in a trading range right now so we are not out of the woods yet until we see that follow through buying to get us out of this 2-week price range. But closing the week above 0.0265 again definitely improves the odds toward that end.
Long
by thedailychartist
VETUSDT completing Gartley move | Upto 10.5% expectedHi friends hope you are well, and welcome to the new update on VeChain coin. On the 2-hour chart, the price action of the VET is completing the final leg of bullish Gartley and soon it will be entered in the potential reversal zone. Buying and sell ranges: The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 . Stop loss: The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a huge profit possibility of 10.5%, and the loss possibility is only 3%. 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.
Long
by moon333
5
Another resistance has been broken out:Hi friends, hope you are well and welcome to the new update on Vechain. Another resistance has been broken out: In the previous article, we have seen that the price action of Vechain was expected to breakout the resistance of $0.021. Now finally, the price action has broken out this resistance and now trying to break out the next resistance at $0.026. The simple moving averages with the time period of 25, 50, 100 and, 200 also formed an opened alligator mouth below the price action that is also another strong bullish signal. The breaking out the wedge produced bullish divergence: As in my previous post we have seen, that the priceline of VET broke out the resistance of falling wedge pattern. This breakout invited many traders to jump into the Vechain and they started buying and took the priceline to the final resistance at $0.026. This is a key level resistance, if it will be broken out then the price action can even touch the $0.10. However, the next powerful bullish rally depends on breaking out of the $0.026 resistance level. After break out: A strong rally after breakout: The EMAs on the long-term chart: On the long-term weekly chart, the price action is using the exponential moving averages with the time period of 10 and 21 as support very well before starting the next rally to the upside and these EMAs are also moving slightly to the upside with the priceline to provide firm support. Ichimoku cloud is still strong bullish: On the long-term weekly chart the price action of Vechain has already crossed up the bearish cloud and now it has good support of conversion line and baseline and bullish cloud as well. Conclusion: The priceline of Vechain is in the control of bulls at the moment, but once the key level resistance of $0.026 will be broken out then it can be a big invitation to many traders. And then we can expect a rally even to the $0.10 as well.
by moon333
1
💡VETUSDT Second Chance: An Inverted Head & ShoulderTrading suggestion: ". Buy on Neckline Breakup." ---------------------------------------------------------------------- 308% pips profit... Total Profit: 308% Closed trade(s): 162% Profit Open trade(s): 146% Profit Update Details: Closed Profit: TP1 @ 0.012550 touched at 11.17.2020 with 25% Profit. TP2 @ 0.015250 touched at 11.23.2020 with 52% Profit. TP3 @ 0.018600 touched at 11.25.2020 with 85% Profit 25% + 52% + 85% = 162% Open Profit: Profit for one trade is 0.017340(current price) - 0.009988(open price) = 73% 2 trade(s) still open, therefore total profit for open trade(s) is 73% x 2 = 146% All SLs moved to Break-even point. Take Profit: TP4= @ 0.023000 TP5= @ 0.027900
Long
by ForecastCity
12
VETUSDT can breakout the next resistanceHi friends, hope you are well and welcome to the new update on Vechain. More than 74% rally: In my previous article, I said that the VET has completed the bullish setup for the breakout and I was expecting up to 60% rally. Finally, the pricelline of VET broke out the resistance of wedge and rallied more than 74%. Different support and resistance levels: After the breakout the price action of Vechain also broke out the $0.013, $0.015, and $0.018 and at the moment it is trying to breakout the next resistance at $0.021. In the meanwhile, the priceline of VET has also broken out the simple moving averages with the time period of 25, 50, 100 and 200 as well. Exponential moving averages: On the long-term weekly chart the price action has also broken out the exponential moving averages with the time period of 10 and 21 and using them as support very well before starting the next rally to the upside. Ichimoku cloud: On the long-term weekly chart the price action of Vechain has already crossed up the bearish cloud and now it has good support of conversion line and baseline and bullish cloud as well. Priceline has broken out the resistance of new wedge: On a small time period 4-hour chart, the price action of Vechain formed a falling wedge and now broken out the resistance therefore, it can make another attempt to break out the next price level resistance at $0.021. Conclusion: After breakout from the new wedge, the price action can even breakout the $0.021 and can make a new high at $0.03.
Long
by moon333
3
VETUSDT about to break out or continue trading this range?This 3-day chart is providing some clarity on what could happen next for this coin. 0.0143 has been holding like a champ as support but price has been trapped within this level and resistance 0.0174 which is the highest monthly close since the low of 2020. I have been harping about these levels and heralding breakouts that have not happened but I am sticking to my guns here. A weekly & monthly close above 0.0174 could be the signal the whales are waiting for here so let's see if we see it soon. I do have resistance levels around 0.020 - 0.022 but I think 0.0174 is more significant than those two, IMO, in terms of medium to long term positioning. Price action indicates we may be looking at a leg up from these prices, especially if the current candle closes near its high. See chart below without the distractions.
Long
by thedailychartist
VECHAIN potential gainsVET CUP & HANDLE formed - expect gains!! Should play out in the next week. Market is bullish and so am I. A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. Current chart playing out perfectly. HODL Expecting a .027 VECHAIN by the end of DECEMBER 2020
Long
by AdonisB
5
Could a reversal happen soon & signals to look for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Long
by CryptoRush_
VETUSD bottom is near or bottom is here? Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another attempt at 0.012 and maybe higher. To achieve that we need a daily/weekly close above that descending resistance trendline marking a potential wedge bottom structure.
by thedailychartist