VET
🆓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
VETUSDT Longer term analysis VETUSDt trade corrected to -161.8% Fib and still in consolidation range in yellow zone area. Trade will move up as consolidation period will be finished. Next target will be 435% Fib ($1 level) with some kinks and pull backs. You can enter for buy position in purple supply zone or near -161.8 % Fib (0.07- 0.1 level). Technically trade will go up. For longer term investment purposes, you can hold VETUSDT for handsome profit.
VET DAILY TRADE #23 -> Sorry guys, but we short now*NOT FINANCIAL ADVICE. DO NOT TAKE MY TRADES. DO NOT TRADE ON LEVERADGE*
BTC has not look bullish to me for a while. Up to this point these trades have all been going long. If we are to continue this theme of a daily trade... we have to start going short.
This is going to come with some disclaimers now, shits about to get serious! The nature of shorts is people will be dealing with leverage! I cannot ever recommend that, nor do I EVER recommend people follow ANY trades I do here. This is purely for sport and fun.
These really aren't VET trades, they are BTC trades. We are betting that BTC comes down to 30k. If it does, this is likely where VET goes. VET is now unfortunately in a significantly bearish downtrend. It needs to do some significantly bullish things to break this.
===TRADE===
SHORT = .101 to .105
TARGET = .093
STOP = .112
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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 will rock out again ... think away from the loss ✨3 bullish signs for midterm:-
1- on the weekly time frame we can see that the global trend hasn't broken yet.
2- we already corrected 82% lower from its ATH since this bull run. so what lower than this we can see ??!! A 100% low ??!
3- will reach 16 cents first all ways, if we will bullish will touch 16 n breakout n if it get worse it will get to 16 cents resistance first then will go lower.
what should be done:-
1- if u r planning to sell wait for 16 cents to get the lower loss as much as u can n sell there, however I don't prefer to sell.
2- if u r planning to buy more, buy under 10 cents is amazing price n try to buy on parts if it went lower n leave 50% to buy when we get a confirmation.
3- we will be testing this support one more time I think so a good time to buy there.
4- DONT EVER THINK ABOUT LEVERAGING OR FUTURE POSITIONS ON THE CURRENTLY SITUATION.
5- if we closed this week candle above 14 cents so we r bullish.
patterns rhyme but never repeatIt appears the market is following nicely in the fib channel...
That being said, the timing is different but the patterns seem to be very similar to the previous bullrun.
In the last bullrun, the entire total touched a support level three times before suddenly dropping below that support level. it stayed there for three days before making a sudden movement upward towards the next fib level
One more dip and then VET will rise again?Hopefully Vet will recover from the latest dip. I bought at 0.156, which looked like a fair price to me at that time, I think it still is. It is possible that Vet will dip shortly after reaching 0.155. That would be a good time to get on board. I think it will recover and it certainly has potential.
$VET @ 1.618 FIBvechain challenging the 1.618 fib channel level
not easy to find assets performing like this.
ask your financial advisor about vechain to see if it is right for you
some people who trade vechain have experienced euphoria, depresssion, denial, shock and anxiety.
trading vechain is not for everyone
5th Series of Altcoin Buying Areas!Hi,
Earlier than expected but the market situation and my followers require it! Gogogo...
Comment of TWO of your favorite altcoin, not ten not five, TWO :), hit the LIKE button, click follow to get the analysis of them as fast as possible, and you will get your favorite coins into the list!
Please, name ONLY ticker or full name and ticker, for example: ADA, or CARDANO (ADA).
This time Top 15!!! mentioned altcoins get analyzed, pointing out breakout areas and if they get a correction then pointing out strong buying areas from lower prices!
Breakout areas are a bit riskier but whoever has been patient, then through the series the lower price ranges (buying areas after the correction) have been quite precise.
Stay healthy,
Vaido