[VETBTC](73%) VeChain Falling Wedge, Potential Breakout Targets!VeChain (VETBTC) is now trading within a falling wedge. This is a bullish pattern and can produce a strong breakout.
We are seeing increasing volume and an attempt to break above EMA10, these are early signals of an upcoming move to the upside.
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BUY: 84 - 92
NEXT SUPPORT: 80
TARGET:
(1) 110
(2) 120
(3) 130
(4) 145
(5) 158
STOP: Close weekly below 72.
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Thanks a lot for your support.
Namaste.
This is not financial advice.
Vetbtc
VET/BTC 10-25% Profit, 1-5 Day Trade (& BTT is one bad mothaaa)Happy Friday Financial Amigo's! BTT is my primary love affair at the moment and still gives me tingles you know where. But I also like VET as a potential side chick. It's a good/stable coin, had a nice run over last months and definitely completed significant retrace from then, as well as from all high/late 2017.
My average trade is less than a day but lately I've been trying to venture a bit more into a few mid-term trades to make up for occasional short term loss(es). If I can just couple my wisdom (a.k.a.: arrogant confidence) with some more patience then I'll be in good shape. Seriously though, over time, but especially recently in this coming of age crypto bull market, I've found how important patience truly is if you want to grow as a successful trader.
Easier said than done, especially when drinking while trading. Anyway, not to digress so let's get to it!
TIME RANGE:
Currently: 3 PM Eastern, VET = .00000092 BTC (I'll be excluding all the 0's hereafter)
1-12 Hours :
98/99
1-2 Days :
101/102
1.5-4 Days :
108/109
2-5 Days :
112/113
If I am wrong, then I hope you didn't read this. If I'm right, then you're welcome. Either way, this is for fun and not financial trading advice. DYOR, blah, blah, blah, etc.
PS: SHORT TERM BTC PREDICTION:
Not ever trying to wish losses on other traders, but Gosh! Isn't it nice to hear bears bitching and moaning for once lol. You can fight it all you want, but I knew when this last FUD dip(s) regarding alleged Tether problems/Binance hack, etc., only caused a tiny dip with quick recovery, that it's time for more profits. Other bull runs happened quick, I think this time will be a bit different with longer/more stable growth. However, still expecting some normal Bitcoin/Crypto volatility. Fingers Crossed.
Next Month BTC Timeline:
8K to 8.3K to 9.4K to 10.3K down to 7.5K
(Those are "ish" ranges, not putting my actual sell/buy limits on here lol, or claiming to when it's really fudged figures * cough cough * pay me money for a subscription lol
Good luck trading amigos and thanks for reading. Maybe.
$VET / $USDT ready to push higher$VET / $USDT ready to push higher
ECHAIN Scoring
Overall Score: 72.3%
Open communication channels: 100%
Team strength: 59%
Product strength: 61%
Coin strength: 90%
Business/Company strength: 50%
Brand awareness/Buzz: 80%
Advisory board strength: 100%
Activity on social media: 20%
Quick Research
Purpose: "By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable."
Product Status: Prototype / MVP
Consensus Method: Ethereum consensus (currently proof of work, will be proof of stake later on)
Emission rate: No new tokens created
TXN'p/s: 0
Abstract:
VeChain is a global leading blockchain platform for products and information.
VeChain is the world’s leading Enterprise-focused dApp/ICO platform for products and information. It aims to connect blockchain technology to the real world by providing robust infrastructure as well as IOT integration, with scalability up to 10,000 tx/s and pioneering in building real world applications. This is being achieved through partnerships and collaborations with innovative brands and industries.
Investment data
Listed on 16 exchanges
CoinMarketCap Rank: 17
Market Cap: $2 B
24H Volume: $93 M
Coin Age: 10 months
Vechain bottom?Shittiest of shit coins but seems like good risk/reward to me. 101 sats is its all time low and looks like clear accumulation pattern around 102-103 sats. Could be a falling wedge at its potential 5 point of reversal with a fairly pronounced bull div on the Daily. Worst comes to worst we stop out at new lows.
Can VET Pull A TRX?If we're going to see another cryptocurrency bull run, VeChain is one of those cryptos with a very active community and a strong price support. VET is something I've been accumulating throughout the bear market, and have increased my stack by nearly 500% since I first bought. I continue to occasionally accumulate through redistribution of other coins. In my last VET analysis, I said a move towards 130 and then 150 was possible. VET topped out at 158 (slightly above my target) and has since moved down to retest the 109 support.
This analysis is another example of why I use ETH ratios. Look at the VET/ETH pairing. Something I've observed time and time again in this market is how often traders use the ETH pairings. Just look at my recent BAT analysis (linked at bottom), and how I was able to predict that major breakout.
Based on the VETETH chart, I think we can expect a major VETBTC breakout as well if that 0.000045-46 area is breached. You can see a pretty large potential ascending triangle forming there. I may enter a trade if that happens, or simply add to my VET with some Ethereum. Perhaps I will even enter sooner. We will see.
I think based on fundamentals and analyzing price action across pairings for VET, it could make a seriously explosive move. The circulating supply of VeChain is close to that of XRP. That means that even if VET can be worth half of XRP's market value (I think this is certainly possible, based on their caliber), it could be worth as much as 15 cents in the not so distant future. This would mean that it could make an enormous jump, all the way towards the 2000 sat level, which would be nearly a 20X increase against Bitcoin. We've seen this happen in crypto before (think TRX, and even XLM in 2017). I fully admit, this is a bit of a "moonboy" fantasy.
Keep in mind, this is a bullish scenario, and it does not have to play out (this is certainly not financial advice). This is purely my opinion and speculation at the present time. VET can also have a major breakdown if investors lose confidence in holding the token. This could happen if the 100 satoshi psychological support is lost. Perhaps a quick stop hunt is possible as well, but it's a little more difficult with such a large token supply.
-Victor Cobra
$VET Gaining some momentum as a potential double bottom shows up$VET Gaining some momentum as a potential double bottom shows up...
Double test (bottom?) at 110sats support level
Trying to break above 120sats (neckline?)
Volume starting to grow again
Both RSI & MACD rising
UCTS Showing a buy signal on the 6H & 12H chart
#VET
Daily Bullish Signal $VET #VET #VETBTC #BTC $BTC (1 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
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My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
QUICK LOOK AT VET - WITHIN BUY IN ZONEVET is looking good to buy in within our zone. We see that this will be our third bottom and you know what that means! Higher chance for us to start bounce action next month and moving into summer. Don't be invested in this for more than 15% of your total portfolio.
VET-BTC DowntrendVET:BTC is currently in a downtrend. The Double Bollinger Band middle line has been rejected (closed below it) and now we saw a drop in price again. When it closes above the middle BB, I am more confident in a change of trend. Until then I do not advise to enter VET:BTC at this moment. However if you are a scalp trader, you can try to scalp on the shorter time frames by adding to your bag at the 2nd lower BB line and sell on the bounce (will be only a few % gain though). Might workout if you stick to your stoploss and sell target.
A close above the middle BB would be a decent entry for a longer term position (not intraday).