VET reached first resistanceAs predicted we can see a lot of higher highs and lows on the VET/BTC pair.
Broke through the golden pocket, retested and continued.
Broke through each high, retested and continued.
This is pure poetry. We've now retested the green support area after bouncing from the previous high around 130 sats.
Expecting a break of this level with some volume, another retest and a continuation towards 159 sats. After which this trade will have played out.
Vetbtc
$VET breakout comingVET catalysts
1.Sync2 and Connex 2 - 30/6
2.AMA-16/3
3.Coinbase listing
Partnerships with multi-billion dollar companies : $LVMH $BYD $WMT
Healthy Github activity
Tackling some of the crucial problems in supply chain and logistics
Market cap of 3.8BN with a circulating supply of over 75%.
Entry: Breakout and close over 0.61 OR retrace back to short term pivot at 0.059
Stop loss: 0.0535
VET giving a hint of the direction to follow - Altseason 2021Market rhymes.
By looking at some coins we see structures repeating and accomplishing the same pattern.
We call that fractals.
VET is front running alt coins and is showing what could happen to a lot of them.
Here is my list of coins that I hold and that have the same srtucture to follow (and didnt pop) :
YFII, XTZ, CRV, SXP, ONT, REN. Avax have the same kind of structure but even more violent.
A lot of other coins should be in this list but those are my favorites.
vet Bullish cup and handle:After a bullish trend, we had a cup and handle pattern on vetusdt, after break and pullback the minimum for the next target is 0.074 USD.
Every technical pattern can fail, make sure to have proper stop loss and do not overleverage.
This is just a personal idea and is not a buy/sell signal.
VeChain is Retracing 15/02/2021VET was ascending in a channel before its shoot-up and now it seems to be retracing back for a while,
we can be optimistic about its rally if the specified Green Support Area stands,
Green Support Area has confluences with Fibonacci Golden Zone and top boundary of the same Ascending channel.
The retracement also can be channeled for better understanding and our Longing preparation.
I think it is a wise decision to wait and watch the price to fall and touch the 0.04366 area few time and then opening the Buy position.
we can target the 0.07750 as the support stand and the rally restarted.
please post your analysis in the comment section...
[50%] VET / USDTAnalysis :
- Hidden bullish divergence
- RSI EMA
- fib retracement : first target 0.07
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Horrible pattern on BTC. Strong movement to comeLong story short. If btc drops with this ugly pattern that has never been created on this movement up, I see TREMENDOUS downwards potential. upwards is possible, but there should be strong movement upwards before an even bigger one after.
As always, the values for the pitchfork are in the respective linked idea.
[34%] (LONG) VET / USDTAnalysis :
- Ascending triangle
- Triple bottom on the support of the ascending triangle
- Triple bottom on the support of the RSI
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
VET (vechain) is about to rocket!i strongly believe technically and fundamentally VET is bullish AS it has an interesting concept to do with improving business through there blockchain technology Also technically i have seen successful brake and retest of my trend line and a wick bouncing of my 0.618. so over all looking bullish in my opinion
VET retesting bottom breakout levels vs. BTCVET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop and size down to maintain the same overall risk to portfolio.
We're eyeing the 168 sat level, market by a 1.618 fib extension and a .618 range retracement as a TP1 area.
Bitcoin is coiling up in what can best be described as a rising wedge. If it breaks hard either way, one should expect a setup like this to get blown out. Risk management in altcoins vs. BTC is of utmost importance right now! As ever :)