🔥 VET Break Out Confirmed: Huge Buy SignalA couple of days ago I made an analysis on VET and the potential channel break out.
As seen on the chart, the price did indeed broke out of the bullish channel and went parabolic for a while. The most bullish buy signal from this chart is the fact that the price re-tested the channel's resistance and bounced from it.
Due to this bounce, I'm confident that the bullish trend will continue in the near future. First target still at $0.20, second at $0.22.
Happy trading!
VET
VeChain forecast of $1.50 strengthens: VET Coin continues to folIn my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the pattern will repeat itself in a similar manner.
This does not seem to be far-fetched at the moment in any case. Because the similarities continue to accumulate. The above chart shows to what extent.
Obviously, they are not the same price movements, but they are enormously similar in nature.
What matters are the cornerstones of the movements. For example, then as now, the VeChain price first formed a high (1), which was followed by a correction with three stair-step lower lows (2-6). The first bullish countermovement failed at the resistance of the setup (7) and bounced off it. However, as a result, a higher low (8) was formed and from there, the break of the resistance was achieved and thus the structural break.
This structural break occurred recently and should be taken as a renewed bullish sign. In addition, it is the next indication that the pattern from then currently seems to repeat itself again.
However, it should also not be concealed that the structural break occurred this time with a significantly lower volume increase than back then. Accordingly, the current price increase looks weak in direct comparison.
Overall, the absence of significant volume increases is what seems to be a common thread running through the price increases of the entire market. Nevertheless, the parallels between today and the end of 2020 are too striking to ignore.
The symmetrical triangle, in turn, suggests that the odds are very good that the VeChain price could soon crack $0.36.
This would be important from many points of view, because apart from the fact that it would correspond to a 200% price increase at the current price of $0.12, it would furthermore be the next strong indication that the pattern from back then is still valid. It would be a higher high in the long-term trend.
A look at the price action of the VET Coin against Ethereum (ETH) seems to strengthen this thesis. Namely, here the VeChain price moves in clearly identifiable waves.
As the chart below shows, another accumulation of VET against ETH appears to have been completed. What could follow is a significant price rally.
CHART
So does the VeChain forecast of $1.50 still hold?
Currently, I am assuming so. Why, I have described here. Nevertheless, the lack of volume so far leaves a somewhat bitter aftertaste. However, as already written, this applies not only to the VeChain price, but to the market in its entirety. What is not yet, can still become.
Source: VeChain Prognose
9th Series of Altcoin Buying Areas!Hi followers and other TradingView users,
A month has passed since the last post and it would be correct to do another survey about your favorite altcoins.
I think everyone should know the rules already but just in case I will repeat it for my new followers:
1) Comment THREE of your favorite altcoin, not ten not five, THREE!
2) Name only the ticker - Bitcoin is incorrect, correct is BTC ;)
3) Hit the LIKE button!
4) If you don't already follow me then hit the button to get the update as fast as possible.
Only four simple steps and your named coins will get into the list!
As always, TOP mentioned altcoins get analyzed - pointing out breakout areas and if there are some logical price zones after a possible correction then also pointing out these levels from lower prices!
Previous idea peaks after the breakouts are here:
1. ADA: No trigger
2. SOL: +55%
3. MATIC: +61%
4. DOT: +45%
5. XRP: +25%
6. FTM: No trigger
7. ETH: +32%
8. ICP: No trigger
9. VET: +65%
10. SHIB: +180%
11. Close one but no trigger, peaked 100%
12. No trigger
13. No trigger
Go and name it...
Regards,
Vaido
💡Don't miss the great buy opportunity in VETUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the 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= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
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,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VECHAIN | VET _ Should we leave and come back? Price respecting the supply resistance are at the 0.1870 region. Closing out a partial position here. Looking for a retracement to the support/demand area & 50% fib 0.1525 region. Looking for short-term timeframe higher lows to go long again. TP zone in the 0.24 to 0.25 region which is the previous major swing high on the broader downtrend and the range extension we just broke out from.
What am I not seeing? Should I hold my position or sell and buy back at support?
VetChain - I'm still bullish, but I'm waiting a retracement.I like VetChain (VET). I closed part of the position, waiting for a retracement on the support in the 0.1550 zone.
I don't see the enthusiasm that was there last week on all social networks. It seems that the waters are cooling down and therefore I prefer to lighten myself and wait for the developments on this and other tokens.
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VET - is going to break this resistance 🚀🚀VeChain has been near a resistance zone for a fortnight now. At the same time, the price is starting to squeeze. This is a signal of strength accumulation. If the price breaks through this zone, the next levels that the price can reach will probably be $0.193 and $0.249.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VET - Resistance hit!Top of the Morning!
So VET has shown some great strength and now it hit a resistance level. Most likely it will now retest the broken trendline. WATCHOUT for BTC! it may retrace big time and will drag along ALTs with it. On VET I'm prepared for a retracement and revisit of this top.
VET tests $0.17800, after establishing support at $0.1700VeChain price analysis is bearish today.
VET/USD tests previous high.
Rejection currently preventing further upside.
The VET/USD pair is trading in a very tight range today, with the market continuing to struggle against selling pressure after a brief advance above the previous high. As a result, we anticipate VET/USD to drop again and establish another higher low before attempting to rise further.
VETUSDT Technical Analysis⏳ Spot
💎 VETUSDT has broken out of the wedge pattern. After the successful retest and rejection at the support line we can expect another Bullish impulse
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 40.959 to 45.103
☕️ TP1 52.123
🍺 TP2 59.650
🍻 TP3 70.559
🍾 TP4 80.370
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 36.393 to 40.959
Good Luck 🎲
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VETUSDT Technical Analysis⏳ Spot
💎 VETUSDT has formed a Bullish channel and after the breakout above the Bullish flag it is going for a retest to the resistance. After the rejection at the resistance it can potentially go higher.
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry Now or at 0.17152 to 0.16238
☕️ TP1 0.18286
🍺 TP2 0.19979
🍻 TP3 0.23042
🍾 TP4 0.25243
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 0.16238 to 0.15426
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a profitable day 😊👍🏻
UPDATE: $VET continues to break upwardsPosted the original chart back in late October.
Since then, VET has broken its downtrend line, held above it and continued to appreciate.
I still think there's a lot more room to run back to ATH's and even higher if the market allows.
VET - Important Breakthrough!Vet recently broke through an important level where price struggled to get past twice before.
The 1.60 level has proven to be an important price to watch. Now that we have broken through, we can look for long opportunities on the retest of the structure, and ideally a touch off the ascending trendline.
Look for lower time patterns for confirmation!
Vechain: Could 7x from current levelIn my previous analysis, I shown how Vechain is cyclical against Ethereum and is expected to outperform the latter in the upcoming weeks. In this analysis, I show the Elliott wave count for Vechain. VET recently finished a large triangle for its primary wave 4 and has now begun a massive primary wave 5. I believe we are now beginning the secondary wave 3 of primary wave 5 that could carry the price as high as $1.20, which is at least 7x gain.