Vechain #VET. Multi-Month Schiff PitchforkBINANCE:VETUSD
After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone 2 and continues down the multi-month pitchfork as resistance. I'm not a pro and nobody should trade off of my ideas. Just verbalizing it for commentary and criticism to learn.
If it breaks above Zone 1, 1) I will be happy for my long-term bags, 2) Will revisit this chart.
VET
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
Vechain ready for a run!!?Vechains daily candle today is rising fast and currently sitting around a +10%, we are looking very bullish if this price action continues and we could be seeing the beginning of a breakout for VET! We are currently trading inside of a bullish triangle where the chances of us breaking out to the upside is likely, especially when you look at our current spot in price, we are sitting above the pivot point where if we can close above could send price action flying upwards likely shredding through multiple major levels on the way. As far as resistance goes we are looking at the pivot point we are currently above and then the top of this bulllish triangle, the 0.6 FIB level and then the R1 resistance apart of the pivot points! for our support we have quite the cushion underneath us we are looking at the midline on the bollinger bands (if we close above today) uptrend support coming from the bottom of our triangle, support at 0.08 cents, and support at 0.069 cents! Looking at our bollinger bands we notice that price action is sitting right below the top band, if we can make the push today to close ontop of here we could be looking at a big run to the upside, even if we take a couple days to do so a close ontop of this top band is going to be very bullish! Our MACD looks good we seem to be starting another bullish run here, the histogram came way down but todays green bar is significantly bigger than yesterdays, showing us a rise in the bullish momentum, and if we can continue this on day after day then we are looking at another bullish cycle. The MA's are a little bit squeezed together which we would like to see that separation, but the blue MA is starting to bounce and seems to be reversing and ticking back to the upside, this is exactly what we want to see here and ultimately continuing this on creating that big separation making it more difficult to trigger a bearish cross! NFA just my opinion!
VETUSDT - 1W - LONG💡💡#INVEST 💡💡
VET / USDT
▶️ Buy in two Block
1Block (30%) 0.06758 - 0.05667
2Block (70%) 0.03974 - 0.02914
🔴 SLT -1W (Trigger, close 1W candle below)
SPOT ONLY!!!
It's going to be a long deal. I have placed limit orders in blocks. This deal is in case "everything is going to be bad."
#VETUSDT_INVEST_281121
VET -VeChain - 4H - Jan / 2022 OverviewHappy New to All ! It is time to set up alerts, because VET after downtrend goes through consolidation right now and… we do aspect UPTREND TO BEGIN! ;)
We are going for a quick look to the charts just to get a bigger picture and do some recap for the last month or two.
Share You thoughts, likes and TA!
VeChain (VET) formed bullish Cypher for upto 195% pumpHi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin.
Previously we had a nice harmonic trade of VET:
Now again on a weekly time frame, VET has formed bullish Cypher pattern. There is also 100 simple moving average support in the buying zone and moving up.
VECHAINVechain is battling support and resistance. If it loses support we may go for a retest of around $.06.
We have a long in on Vechain with 2 buy areas. .8-.10 and .6.
Our target RIPFT is .18 - .22
Long VETUSD | Update on Vetchain on the raod to $0.35First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.07 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 formed in recent days.
We are now entering phase 3 of the sub-waves which will form the bullish impulse of our bullrun.
A first objective towards 0.187 offering us a beautiful opportunity of 122% attention in counterpart not to go down below 0.066.
Let's give IOTEX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe.
VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended.
Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe.
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone.
At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC.
At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC.
Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe.
If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe.
Here is a wider look at this 1d chart:
I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout.
I hope this is helpful with your trading and hodl-ing.
VeChain VET with enough power to break MA Ribbon?VeChain VET with enough power to break MA Ribbon?
This daily MA Ribbon is more than well respected.
The RSI shows room to grow before reaching the resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
VET - can buy it with these TPBYBIT:VETUSDT
1H trend chart
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VET has broken out the triangle and it is testing Fib1
If price can take out 0.0961, trading strategy as below.
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Profit Targets:
a) 0.0996~0.1010----Fib(1.272~1.382)
b) 0.1040----Fib(1.618)
c) 0.1089----Fib(2)
Stop losses:
a) 0.09275-----Red horizontal ray
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VET Big Symmetrical Triangle reboundVET/USD (Daily)
Bullish Case
- Uptrend Support Line being held, seem to have found Support between $0.07-0.08 area which is previous supports and range for a while now.
- Symmetrical Triangle intact.
- MACD/Signal and Histogram reversing
- RSI low and reversing.
- Bullish Divergence with RSI.
- Market Cipher B shows a Big Bullish push-up with a print of multiple Green Dots printed at the lows.
Bearish Case
- Can see further drops to the next lows at $0.055-0.06
Thoughts?
The beautiful VET flag will be raised soon ???Hello dear friends
The beautiful VET flag will be raised soon ???
Yes to my idea
This coin had a good reaction to the bottom of the Channel
And created a positive Sharp trend
And now, after a tight correction, he is ready to do the next part of the climb
******Appropriate entry points for supports and resistances according to the chart*******
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VET/BTC 300% Potential from here If Break Resistance..?#VET/BTC TA Update:-
#VET is also Looking good and Bounced back from Support level.
Try to catch between 170-180 Satoshi
1st Target as per chart is 231 Satoshi (36% )
After If break upward 240 Satoshi then I can expect 500 Satoshi will be my 2nd Target (200% )
And if hold 250 Satoshi + then My Last Target will be 700 Satoshi ( 300% )
Stop Loss:- 149 Satoshi
Support:- 165 Satoshi
Resistance:- 240 Satoshi