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Vechainusdt

VET - 1D. Is the growth of + 200% still real?As it turned out, the VETUSDT price has been moving upward in a channel for almost a year. Recently, the VETUSD price has broken through to the upper part of the channel and is trying to gain a foothold there. If the price fixing in the upper part is successful, then we can start pinning hopes on continued growth to $0.12-0.13 A note of conspiracy and coincidences: the low according to VET was 03/13/20, and the high could be 03/13/21 :) However, if the price drops below $0.046 , then we can expect a price movement in the lower part of the channel, and the liquid zone that will attract the price to itself is in the area of $0.0215-0.0255 _____________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
11
VETUSDT stalling at measured target. What's next?Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price). Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level to watch is that 0.043 area which was a breakout point. This area should hold if we are to see bullish continuation in the very near term (intra-day or the next day or so). Otherwise, we might go into a bigger trading range or even a bigger pullback. If 0.043 holds, next target would be around that 0.054 area (again a measured objective of the current LTF consolidation pattern). We are in price discovery mode so it will be harder to call price objectives using this strategy. As long as we're going up, I've no complaints. We can certainly go parabolic from here too. :)
Long
by thedailychartist
VeChain completing Butterfly move for upto 31.5% bullish moveHi dear friends, hope you are well and welcome to the new update on VeChain. On the short-term 4-hour chart, the price action of the Vechain is completing the last leg of the bullish Butterfly pattern and soon it will be entered the potential reversal zone. This trade has a huge profit possibility of 31.5%, and the high loss possibility up to 8.5%. 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
VET 1D It's time to correct downSince the publication of the previous idea , the price made good +60%. Also, the VETUSDT price tested the past historical high for strength. At this stage, it is more likely that it need to make another rollback down before updating the high. The liquidity zone of $0.0155-0.0175 will act as a magnet for correction. In previous ideas, we wrote that the chart shows a strong interest in the coin. However, at the moment we have not found any news that could help break the historical high upwards. Nevertheless, we will consider the long scenario for trades if the price confidently fixes above $0.0336. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
7
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 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