VET
VET DAILY TRADE #22 -> DOUBLE DIP BUY .157!HIGH RISK!
VET is showing resilience. Most ALTs aren't overreacting to BTC. They are being bullishly reasonable. When BTC starts to go sideways for 4 hours ALTs take turns popping off.
Many ALTS that had breakouts in recent days are going down with BTC here only to bounce right back to where it broke out, ignoring previous resistance.
I like it!
I think there could be another chance at buying a .157 dip here, lets double dip!
The aggressive play here is SELL NOW and buy .157
Safe play is stop loss on your entry wherever you got it in the green zone. Be patient and see how BTC plays out, maybe we come up to target
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AGGRESSIVE ENTRY *HIGH RISK!!
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BUY: .156 - .158
TARGET: .187
STOP: .149
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Fundamentals
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$VET SetupSuper simple setup - crypto is usually that way. It's a symmetrical triangle coming from upside - so bias is to the bull side. Only looking to play the long side in this one. It breaks out above 0.248 today - that point slopes down every day by about 0.002. Remember to look for the daily close as confirmation. Price targets are 0.300 and 0.325. It will break down below 0.154.
Vechain Bull Flag!!Vechain has been in a bit of a cooloff and bullflag since our huge run up, we had a false breakout of the bull flag and we are approaching the bottom also the 0.5 FIB level. I would like to see VET hold this level for our daily close tonight and start to push back up, as you know BTC will drag everything down but once BTC starts to settle ALTs are going to takeoff. We must watch the bollinger bands as we do not want to start riding the bottom band which is very bearish, BTC is actually already riding the bottom band and is falling pretty hard. The RSI bounced off the 50. point line but looks like we are starting to curve up a little. If we do fall hard with BTC i will be buying the dip i think Vechain is a crypto for the future! The MACD is falling but we are seeing some resistance from the red MACD lead, we are starting to even out and point sideways, we want to see the Blue MA flip the orange bullish to get that confirmation of a move up. Not financial advice just my opinion!
VeChain - 4hr Inverted Head and ShouldersVeChain - A quick 4hr chart update
VeChain has broken upwards from its Inverted Head and Shoulders pattern.
VeChain is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Note that the Bollinger Bands Upper Band has started to point upwards.
VeChain is below its 50EMA fro this 4hr timeframe. We need to close a 4hr candle above the 50EMA for this 4hr timeframe.
The Ichimoku Lagging Span (Chikou Span) is indicating momentum is upwards or this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 4hr timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum’s sideways for this 4hr timeframe.
VeChain is trying to get back over its Leading Span B (Senkou Span B) resistance level, crossing this level will take VET out of the Bearish Zone & back into the Equilibrium Zone of the Ichimoku Cloud for this 4hr Timeframe.
The Chaikin Money Flow (CMF) is showing that VET is still in the accumulation zone at 0.13 for this 4hr timeframe.
The ADX (Yellow Line) is at 47 slightly below its 9 Period EMA (White Line) which is at 48. The -DI (Red Line) is at 24.5 above its +DI (Green Line) which is at 15.1. Notice that the _DI (Red Line) is pointing downwards and the +DI (Green Line) is pointing upwards, if upwards pressure maintains then we may see the +DI (Green Line) cross back above the -DI (Red Line).
If VeChain closes this 4hr candle in the Equilibrium Zone, then VET will be poised to attack the Leading Span A (Senkou Span A) cloud resistance to try and get back into the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. If VET crosses back into the Bullish Zone, we will then get a Kumo (Cloud) Twist back in to green indicating a renewed Bullish Trend for this 4hr timeframe.
I hope this is helpful with your trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VE CHAIN VET CLEAN TECHNICAL ANALYSIS Looking at ve chain here on the 4hr time frame.
- Focusing on the outer structure and the bigger picture play happening with this coin we can see price has previously had a major impulsive leg to the upside reaching its most recent all time high.
- Since then price has been corrective in a bearish trend with price forming a symmetrical testing and respecting the trend lines on the upper and lower areas of the structure,
- Most recent price action shows that price has rejected the second touch of the outer triangle and had made an impulsive push to the lower part of the structure.
- Price is now currently in a bear flag continuation pattern. I am anticipating price to make a third touch to this pattern before making the continuation to the downside where there is a high probability of price testing the fib support area near the green box.
- There is also a possibility that price may confirm support at this current fib level located at the orange box area, after price may confirm support from these areas we may see and impulsive push to the upside if price breaks out of the symmetrical triangle.
VeChain could do thangz!VETBTC lookin very bullish and cant hide its potential hidden bullish divergence on the daily any longer. To me its lookin like reaccumulation at very high price levels, with a sell wall at 400 sats. If VET can manage to break the resistance, it will most likely go straight to the previous ATH and hopefully break it. Im in this trade shown above right now and just wanted to share it, before it moons like my harmony trade/post.