VET
💡Don't miss the great buy opportunity in VETUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.12719).
. 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 61
Take Profits:
TP1= @ 0.14463
TP2= @ 0.16628
TP3= @ 0.19325
TP4= @ 0.21488
TP5= @ 0.25013
SL= Break below S2
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Vechain makes a bullish bounce!CHART OVERVIEW
VET/BTC - Weekly Chart - Binance
CHART DRAWINGS
On the chart are key resistance and support measured by the Fibonacci retracement. Also with the Fib circle tools, you can see where the price has found support and resistance.
ANALYSIS
Vechain has bounced out of the 0.5 Fib circle and from the 0.5 retracement line. This shows confluence towards more bullish action.
CONCLUSION
The week isn't finish but it would not be suprise me if Vechain restest the high of august 16th at 00000.305. Vechain was a powerhouse before the crash, fundamentals remain the same, no reason to not see a strong bull run coming soon, price action is indicating a breakout from this pivotal point of the 0.5 retracement and fib circle, the week is not over but as long as Vechain stays above the 0.5 fib line (0.00000254) the price is on the bullish side.
What do you guys think? Are you bullish or bearish?
*Disclaimer: Not professional financial advice, only invest based on your own research!
VeChain (VET) Is Priming to Break Resistance At $0.14 Cents VeChain is a pumper. It was one of the altcoins to experience a very heavy loss in May officially going from $0.28 cents to bottoming out at $0.05 cents in July. An eye watering 80% loss from its all time high. As of right now VeChain has been trading sideways from $0.11 cents to $0.14 for the past 3-4 weeks.
Currently we're oversold on the daily stochastic RSI and still have some run-up on the original RSI. I believe we can hit over $0.14 cents this month and flip this huge resistance in to support with all the positive momentum coming into the market. Once we break above the Fibonacci Level 0.382 there will be a great chance to run-up to the 0.5 level at $0.16 cents.
Also the Bitcoin dominance has been dropping which is good for some positive altcoin price action. VeChain is still fundamentally a very powerful cryptocurrency with virtually no competitors. The amount of partnerships VeChain has is vast and will continue to expand it's use case into many different industries. VeChain will do well in this upcoming phase in the bull market. If the chance presents itself again to get in at $0.10 cents or below it would be a nice level to add to the bags.
Support: $0.11 Cents
Resistance: $0.14 Cents
We're overbought on the 4 hour time frames to keep that in mind. Cheers! Much peace, love, health, and wealth!
VETUSDT#vet (D)
The diagram is forming a harmonic pattern. We are waiting for point c to see us and then enter the purchase The range of the first purchase is 0.090 and the second range is 0.077 The target of that D point is 0.25
#vet(H4)
In a 4-hour time frame, we are inside a descending channel. After engulfing and breaking the yellow range, we can expect correction to point c.
VET.USDT (Y21.P5.E2).Big move comingHi All,
This is a continuation of the previous post but at the build up of a breakout to the BAR strategy.
We have accumulated under this lead in TL and are building to break it.
If you understand charts, the 1, 2, 3 would make sense as to how this is building up.
The link below has my short term macro outlook.
All the best,
S.SAri
VET.USDT (Y21.P5.E1).Macro TargetsHi All,
Another coin I'm going long with and thought I give this a parabolic ending as its 2020\2021 was parabolic and phase 2 can easily be parabolic like for BTC in 2017.
My macro diagram below explains how I see this chart from a fib level TA.
Assumption\criteria: BTC breaks its all time high.
Cheers,
S.SAri
VET/USD medium to long term hodl.Hey guys! Just wanted to give an update on VET/USD
I gave an analysis of a bullish pennant on VET/USD. But, with the current market it dropped slightly but recovered and bounced nicely off some support. It has back on track to break out in the pennant.
I am currently looking for between 20% - 60% profit for this trade.
If the market continues to stay green which I think their is a good chance VET really can make a move! Hope you enjoy!
- Orbit Corey
VECHAIN - VET Moving into Carbon Emissions Control 🏭🧐👍VECHAIN has been on our radar and portfolios for quite a while. You might remember our previous posts earlier this year.
It is time, both Technically and Fundamentally to look at this option again.
Technically the price is now approaching it's greatest support level and this offers us a nice chart to work on.
Fundamentally there are some great news as VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data:
''Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.
The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.
The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.”
In the announcement, VeChain cited obstacles with trust and transparency in traditional supply chains when collating companies' carbon emissions data. A public blockchain solves this problem, providing transparent accountability for all layers of the supply chain network.''
This is a great idea and keep in mind that there will be a 3,5 Trillion dollar bill in the US for the environment. Connect the dots here.
Beat Co2,
the FXPROFESSOR