VET
VETUSDBINANCE:VETUSD is neutral-bearish and holding position above long term uptrend line. Decision time in the next few days.
Steps to take:
Buy at trendline support OR first horizontal support line OR multiple buy signals
Take profit areas are .10 > .15 > .24 resistance zones. One method is to take 30% profit at each zone.
Not financial advice, trade at your own risk
vet coins : Is it crypto currency for save now?vet coin or vechain is blockchain on smart contract platform that focuses on 'processing tracking business'
for now vechain to hospital mediterranean hospital of cyprus is using the blockchain to track the COVID-19 vaccination. through the E-HCert application as well .
in my pov for elliottwave analysis : i think it will go up to that price is 1.44$ and next target price is 10.3$
don't believe me It's just a personal analysis.
thank you for reading my pov analysis .
if you like my analysis you can like, comment on any topic or donate to me for a coffee . hahahahaha
Vechain (VET) - 3D. We are waiting for the test of the ATHThe unstable situation in the cryptocurrency market , a sharp change in investor sentiment and fear of the continuation of a total fall in prices motivated us to update our global forecast for the Vechain coin . We remember that in a completely opposite situation on the market, when everyone believed exclusively in the continuation of the cryptocurrency market without corrective growth, we published our previous VETUSDT market forecast . Below you can check How clearly the idea worked (the result of the market fall by more than 70%):
Today we decided to continue looking for relevant mid-term scenarios and built a new fractal . Of course, it is unreasonable to rely only on a part of the schedule that is somewhat reminiscent of the current situation. Therefore, below there will be other arguments for such a positive scenario.
We'll start by looking at the 4 hour timeframe . As you can see in the chart, buyers are carefully holding the price and increasing their positions in the range of $0.66-0.75. Even if we assume that the VET market will continue to fall, then the correction of the previous fall wave is still incomplete:
The increase in trading volumes in the range of $0.66-0.75 and the unsuccessful attempt of sellers to gain a foothold below this liquid zone indicate that the consolidation in the VET market has not yet been completed. From the local perspective, we expect the price to rise in the range of $0.116-0.12
Given the strength of the previous wave of decline, the continuation of the medium-term upward or downward movement of the VET price is impossible without increasing positions by market participants. Therefore, by mid-summer, we will expect further consolidation in the VET market.
If we analyze the VETBTC chart , we see that sellers were trying to gain a foothold below the global range 0.000002-0.00000236. However, their attempt ended with a false breakout:
The current attempt by sellers to break through this range looks much weaker, which signals the weakness of sellers in this price range. As a result, a consolidation triangle is also formed on the VETBTC chart
Fixing the price above the 0.000002-0.00000236 range will signal the beginning of a new wave of growth in the VET market.
An alternative scenario of a complete collapse of the VET price, we will consider only when the price fixes below $ 0.05
VeChain (VET) completed big BAT for upto 450% huge moveHi friends, hope you are well, and welcome to the new update on VeChain (VET) coin.
Previously we had a nice harmonic trade of VET coin.
Now on the weekly time frame chart, the price action has formed a big bullish BAT pattern. There is also 50 simple moving average in the buying zone and 100 SMA is below this area.
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.
BTC - Time to buy the Dip!It is likely that BTC is forming a perfect head & shoulder even with legs this time... this is a major correction, the past 24 months parabolic growth was not healthy by any means, here is why:
1. A lot of stupid money is flowing in the market, everyone saw the power of BTC (from Zero to 60K) and they think it will make them rich overnight.
2. A lot of shitcoins & shady projects are flooding the market without the slightest regulatory supervision, which gives the perfect opportunity for con artists, scammers, digital thieves to create a coin (quite easy actually) and sell you to the moon dream .... unfortunately a lot of naive people out there believing anything they hear about any digital coin. this is not right!
3. BTC war from China disturbing market dynamics...
4. Governments will have to accept and regulate crypto, when that happens, the market will likely be more mature, more stable with less scammers, less stupid money and more protection for the same stupid people... including all of us. When will this happen... when the decision-makers, ppl in policy and regulatory positions understand the power and force of BTC .. find a way to regulate it....they will need to regulate it.
My fear is that we need another Satoshi Nakamoto to establish a regulatory framework for the 10-year-old BTC for the 1000-year-old financial system and the 100 your old bank system!
US governments (USD) will continue to fight off any currency that may threaten the precious $$$$ and it's dominance and will destroy anything and everything on its path. Long live the $$$$.
What's next:
- BTC likely to retract to 19K level.... this may be a safe zone to buy the dip, in my opinion, I could be wrong (like every other analyst out there)
- Crypto projects that is related to the real economy, like AlGORAND, XLM, VET, CXR and many others will prevail in the long run
- Defi Crypto provides with insane ROI- APY basis will eat your money before breakfast, these you need to be careful with
Look for sustainable projects with existing products and credible teams... long-term winners basically. Those with technology and a business model that you can understand. Only go for that.
If you know how to surf... enjoy the waves.
Otherwise, stay safe.
J
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud:
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards.
The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator.
Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed.
VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe.
VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price.
VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up.
I hope this analysis is helpful with your trading and hodl-ing.
A quick look at Volume Profiles using the VET ChartA quick beginners introduction to Volume Profiles.
I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar.
Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading volume can be for your charts Visible Range (VPVR), a Fixed Range (VPFR) of your choosing, or a Session Range (VPSV). A session range is 24hrs so 1hr will be 24 Candles, 4hrs will be 6 Candles, 1D will be 1 Candle. Volume Profiles can also give you a sense of if the price may encounter potential resistance or support at certain price levels due to increased sell or buy volume located in certain price levels on the chart.
The Volume Profile Visible Range VPVR gives you trading activity values for whatever length you have your chart set at in whatever timeframe you are in, which is good for an overall feel but not good for a macro view of where the key volume areas are. Note that as you zoom in and out of your chart, the Volume Values and VPVR POC level will adjust. You can see that VET is below its Point of Control (POC) for this chart’s visible range.
The Volume Profile Fixed Range VPFR gives you a more macro view in a range of your choosing, you can clearly see that the VPFR gives you a better view of where buyer & seller volume is located and clustered in the range that you’ve selected, compare that with the VPVR at the same level, which doesn’t really give a clearer macro view of recent buyer and seller volume values.
The Volume Profile Session Volume VPSV, for this chart, gives volume levels for each 6 4hr candles or whatever timeframe you are in. A session is 24hrs so 1hr would be 24 candles, 6hrs would be 4 candles and 1D would be 1 candle. The VPSV gives you a more macro view of buyer and seller volume trading activity and where it is clustered. As you can see, each session has its own POC but i have only labelled the most recent one. VET is below its Point of Control (POC) for this 4hr timeframe. There is a HD version of the VPSV called VPSV HD, this version automatically adjust the histogram detail level when you zoom in and out of the chart.
A few extras you can add to any of your Volume Profiles are the Developing POC and Developing Volume area, i don’t really use these as i find a quick glance at the Volume Profile you are using can give you a sense of where the developing volume areas are located, but some of you may find these useful. You can also add the numerical values to any of these Volume profiles as i have done. You can also add or remove rows to increase or decrease the histogram size and smoothness to suite your preference.
Each Volume Profile tool is very useful, but the fixed range VPFR is my favourite because you can place it on any candle range of your choosing, even on just one candle which can give you even more of a macro view, which could be very useful to you especially if you are a scalper.
The volume bar at the bottom shows how each candle for whatever timeframe you are in closed with regards to buy or sell volume gaining the upper hand. Its default is Green for Buy Volume & Red for Sell Volume. You can also add a Moving Average to your Volume Bar as an indicator of potentially increasing or decreasing volume compared to your Volume Moving Average. I just keep the default 20 Period MA but you can change it to a period of your liking.
A very important thing to note is that any Volume Profile you use will only gives you the Volume traded for the Exchange Chart that you are using. So if you are using Binance’s chart, it will just show the buyer/seller trading volume for Binance, if your using a Bitfinex chart, it will show you just the buyer/seller trading volume for Bitfinex and so on.
An interesting thing to note is that when most other exchanges are strong buying such as Bitfinex & Bittrex, Binance is usually going completely in the opposite direction and strong selling. Binance is the biggest exchange and has the most Volume going through it, so when the market makers & Binance themselves short sell the market, all other exchange volume is irrelevant as Binance’s traded volume completely controls the direction of the market. You can clearly see this on ByBit Long vs Shorts, sometimes you’ll see most exchanges are over 50% long, but because Binance’s Longs will be below 50% the crypto asset you are trading…… drops like a tonne of bricks. You can also clearly see this when comparing the Binance, Bitfinex & Bittrex charts I’ve added, the massive buying volume meant nothing from these charts because Binance is mainly shorting. Quite a few times, I’ve seen an exchange on ByBit at 95% long & most others over 50% long for BTC, but because Binance was at 48% long so 52% short, BTC dropped. Crazy & this is just my opinion but that’s how it is.
Here is a comparison of Binance, Bitfinex and Bittrex charts:
Binance:
Bitfinex:
Bittrex:
Anyway enough of that rant. From my experience, Volume Profiles are very useful tools and should incorporate it into your trading strategy.
I hope this post hasn't been too boring or complete boll*x ;-). I hope this is helpful with your trading and hodl-ing.
Very important close for Vechain!!!VET has been moving sideways along the 0.2 FIB level for some time now and seems to be getting dragged along with a big part of the market. We do really need to see a daily close above this 0.2 and hopefully see some bullish momentum bring us upwards. We look like we are getting stuck on the middle line of the bollinger bands and aswell holding the 0.2 FIB very strong. also the BB's are squeezing down on our candles and we could be loading up for a big move if we continue like this, could be bullish or bearish though. The reason i think this daily close is so important is because if we don't hold the 0.2 thats bearish in itself then we add on the chance we start riding the bottom band on the bollinger bands which almost everytime results in a pullback. The RSI keeps shying away from the 50. point and we are currentlly slopping downwards, we need a full break of the 50. point and a hold to be considered in a uptrend again. the MACD is bullish as of right now but we see the Blue MA starting to curl downwards coming towards our orange and we could be seeing the beginning of a bearish cross. I am overall very bullish on Vechain as a short and more long term project for sure and i definitely look to add more when i can. if we do by chance see a little pullback i imagine we won't go further than the 0 FIB level where we touched during that big correction. Not financial advice just my opinion!
Vechain is a strong crab!crab harmonic pattern:
AB=0.38 XA
BC=0.38 AB
tp1=2.6 BC=$0.1 *reached*
tp2=3.6 BC=$0.25 *reached*
tp3=0.88 XA=$0.49
tp4=1.13 XA=$2.23
tp5=6.85 BC=$4.85
tp6=1.41 XA=$12.46
tp7=1.6 XA=$45
Next stop: 38kSorry for not publishing so much these days, I am only swing trading these days, short moves.
If you want me to publish some more short term trades please leave a comment.
BTC have a huge resistance at 42500, if we manage to break it we could visit the 48-50k again (which would be the top of the triangle)
If we can`t break 42500 BTC will probably test lower lows, how low? No one knows but be ready.
VET IN GOOD LOCATION FOR A BUYVet is currently in a good location for a buy. Buying some in at support and would be adding to my position after the breakout. My stop loss is below the support to avoid stop hunting wicks