VET DAILY TRADE #27 -> Mid range setup, buy .114Yesterdays trade got us 5% and leaves us hanging mid range.
If we can bounce on .114/.115 that would trigger a trade setup with a target of .133
Everything depends on bitcoin, so this basically bets that BTC doesn't fall under 35k.
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
==TRADE==
ENTRY = .114/.115 ONLY IF it bounces and stays above on 4h (may mean buying .116)
STOP = 4H close below .114
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET
VET DAILY TRADE #26 -> Triangle FormingFor a number of ideas now I've had a descending channel and trades based around that. BTC is arguably in a symmetrical triangle, VET is following that lead and forming its own version, so those trend lines provide potential trade setups.
I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough interest to break pattern. I will be looking for shorts at the top of this triangle.
If we can break and close above .113/.114 here on the 4H that would signal a move upwards.
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
==BREAKOUT TRADE==
ENTRY = Buy the 4H break and close of .114
STOP = 4H close below .114
==AGGRESSIVE TRADE==
ENTRY = on trend line, .0998 to .093
STOP = close below trend line
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VeChain - A quick 4hr chart updateQuick and easy VeChain 4hr chart update:
On this 4hr timeframe, VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA.
VET is back above its 50EMA and has managed to close 2 previous 4hr candles above it and looks like it will do the same for this 3rd 4hr candle.
VET is still above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
I have added just the Ichimoku Cloud (Kumo) part to show that VET is now out of the Bearish Zone and back in the Equilibrium Zone of the Ichimoku Cloud. If you are waiting for FULL Bullish Confirmation for this timeframe, then you would wait for a Kumo Twist where the Leading Span A (Senkou Span A) moves back above the Leading Span B (Senkou Span B) levels creating the start of a new green cloud.
The ADX DI is indicating that positive momentum has increased and notice that the +DI (Green Line) has crossed back above the -DI (Red Line). The +DI (Green Line) now at 19.68 & the -DI (Red Line) at 17.01. The ADX (Yellow Line) is at 17.9 and has dropped below its 9 Period EMA (White Line) which is at 20.39 indicating a weak tend at the moment.
The Chaikin Money Flow (CMF) is indicating a steady increase in accumulation with the CMF Line (Green Line) at 0.08.
VeChain is above its Volume Point of Control (POC) for this visible range.
VeChain is in an Ascending Triangle pattern so we could see another attempt at getting back above the equilibrium zone & back into the Bullish Zone for this 4hr Timeframe.
Here is a closer look at the Average Directional index (ADX DI).
Here is a closer look at the Chaikin Money Flow (CMF).
I hope this is helpful with your Trading or Hodl-ing.
PLEASE DO NOT FOMO! WHERE WILL BTC GO? LET ME SHOW YOU THE WAY***Analysis is based on fractal as seen in Jan. 2021 (see previous idea) when we were ranging between 28k and 42k.***
I am really leaning towards a double bottom between 28k and 30k. Lowest will be 28k. I see some calling for 20k. While I do think it is possible, I will stick to my analysis.
I don't have them plotted but Fibs aim for a new ATH of 72k.
I am short term bearish. Overall bullish.
I do not want to own BTC as I do not see the potential in ROI compared to ALTs. I will be setting buy orders around the same LOW prices we saw on May 19th to May 23rd for all of my alts. Slightly lower incase it dips past 30k.
What does this look like for alts?
VET: $.04-.05
XRP: $.65-.69 ... nice!
POLKADOT: $15
XDC: $.04
and yes, even meme coins like Akita... Coming in at a whopping .000002 Akita.
If I am correct and BTC double bottoms the support then I imagine alt coins will have a concise and small consolidation area until each day a new one pops off.
Good luck.
SET YOUR ORDER LIMITS!
BTC/USDT UPDATEHey hey my friends 👋
My thoughts are written on the chart here
The weekly time frame for now is bullish but the daily is painting bearish as well as a lot of the lower time frames
BTC can not get back above the daily 200 ema or ma and it looks like we may have a bearish cross of the 21 and 200 which will trigger more selling
Longterm view of a 2017 holder Hello and thanks for reading into my post.
As you can see VeChain's chart is currently in a bullish upward movement.
I'm holding since 2017 and from my feelings and experience, I tried to make the chart easier to read and understand.
There are 4 Major zones that I will explain now.
1. KEY RESISTANCE: Key resistance show's us the current problem the price is facing, the range between 45-25c seems to be a place where people like to sell their holdings currently.
2. Area of confluence/trend changer: This is the zone where we get to decide how the trend will continue. Right now the odds are higher that we will continue bullish momentum but once we cross below this zone, the bear mode is activated.
3. KEY SUPPORT: Key support is last cycle's top resistance as you can see from 2018-2020 we've been trying to get above the key level zone several times.
4. Accumulation/buy Range: This is the zone where we stayed the most, 2 years of this chart have been in this price region, which means there had to be some accumulation ongoing, even if it does not look like a textbook accumulation range.
I hope you enjoy this
greets
The Doc
VET DAILY TRADE #25 -> Buy Setup 0.078Our last trade played out fantastically. Once BTC faltered at 40k you take profits, no need to be hodling any ALT here whilst BTC is still figuring its sugar out. Take profits and get out.
We are looking to do the same thing again, buy on the lower channel trend line.
I would like to see a wick below the channel, come back up and test. Looking for that confirmation before entering. Right now that extra confirmation is really important as each time BTC tests downwards it can potentially continue to capitulate. We don't want to have a buy order set for 0.078 only for BTC to wick downwards this time and not bounce!
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET ready to breakout!!?Vechain has recovered pretty well compared to most cryptos right now we are well above the 200 Day MA which is very positive and we are sort of getting stuck at the blue 100 day with 2 bounce offs, aswell this 100 day MA happens to be lining up perfectly with this descending channel that has formed over the past 20 days. Once we see a full break of both the descending channel and the 100 day MA i think VET will start to explode once again like we saw a little while ago! Our RSI is pointing down slightly around the oversold zone and we have lots of room to run up to that midpoint line, for a full uptrend we need a confirmed break of that 50. point! The zero lag MACD looks very bullkish with our lead heading up and a start to a confirmed flip bullish with our blue MA ontop of the Orange. Very Bullish on Vechain as a long term project too i love the tech and real world use cases they are providing and could definitely see VET as a top tier crypto project in the near future, their partners are quite impressive and big institutions are really starting to realize what Vechain can provide and bring to their businesses! Not financial advice just my opinion!
VET - 6h. Critical point for growth - the range of $0.16-0.17 Nothing is impossible. It was with this slogan that VET sellers lowered the price by 80% from the all-time high. A powerful wave of decline in the VET market tested the liquid range in which the price was trading back in February 2021. It is in the range. of $ 0,05
buyers set the previous all-time high. It was at this historical high that we took a fractal that worked perfectly in our previous idea:
Sellers managed to push the price even below our global target o f $0.07 . As a result, all the profit that investors could have earned within 3 months disappeared in one day. Of course, this is at best.
However, the sharp rebound of the VETUSDT price from the mark of $0.05 and the unsuccessful attempts of sellers to update the local minimum proved the strength of the coin. Our short-term scenario for the VET price movement is positive. We expect the price rebound to continue after the panic fall with the target of $0.16-0.17 . For a confident continuation of growth, buyers should not give up control of the mark of $0.104 . After a successful test of this mark, a good chance will open up to buy this coin with low risks. The loss of this mark will send the VET price towards the trendline and question the strength of the buyers.
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🆓VeChain (VET) May-24 #VET $VETThe buying force has came back to VET and 0.09$ zone is its important support for a recovery up to 0.13$ and 0.16$ zone.
0.16$ zone is very strong and a selling pressure at this zone is very high and could push VET down again. But if successful at this zone, this recovery wave will change into a rally up to 0.23$ zone.
But if it loses this 0.09$ zone, it's extremely bearish again
📈BUY
-Buy: 0.085-0.09$. SL if B
📉SELL
-Sell: 0.126-0.134$. SL if A
-Sell: 0.156-0.164$. SL if A
-Sell: 0.23-0.24$. SL if A
♻️BACK-UP
-Sell: 0.085-0.09$ if B. SL if A
-Buy: 0.058-0.062$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
VET is going bearishDear ladies and gentlemen, as you can see the market is starting a new bearish phase that can last months before starting to climb again. I would like to share with you my idea about VET and where you should sell it despise the price you bought it for. If you sell your VET at $0.13 you can easily go and make profit as soon as the bearish starts. Please be aware that the market may go bullish once more if BTC decides to break though its resistance point (check my BTC post for more information). Before selling at $0.13 make sure to double check BTC position and to understand if there may be a reversal bullish starting from that point. The possibility for a bullish to start is really low so do not worry too much. Apart from that, as soon as you sell your VET at $0.13 you will be able to make a lot of money when the market drops. The market is going to be in an up and down phase for a while and here is where we have to farm our main coins. We want to be able to make money out of any market and not only out of a bullish market.
VET BETTwo ways this can play out.
1. Breakout from yellow neckline. Long (more likely)
2. Break down below yellow neckline. short