VETETH
VETBTC long tradeIt seems everyone has been wrong on the VETBTC charts and it would appear that VET is dead in the water. Looking at the fundamentals however it is clear this is anything but true. So looking at the chart we can see cycles that are more to reality than what has previously been posted. It would be nice to couple this idea with the BTC dominance chart, the Altcoin marketcap chart, the total crypto marketcap chart, the VETETH chart and the VETUSDT chart. Combining these should give us a glimpse into the future of this potentially very profitable 3x leverage trade that can bring 30x gains on VET versus BTC . Please discuss and share your thoughts and charts.
VECHAIN DAILY ANALYSIS🟢 #VET has broken the bearish trend line and is maintaining this range and re-testing the trend line. Price has reacted positively to the 0.382 Fibonacci level and is expected to be moving towards the resistance shown in the chart. Otherwise, the process will fall to the support level and it will be decided again to continue the process. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
🟢Amir Hossein
📅 02.19.2022
⚠️ (DYOR)
VETUSD Ve-chain Trendline Support VETETH Bottoming FormationVe-chain VETUSD approaching trendline support on 3 day chart.
While at the same time VETETH pair looks like it is about to bottom.
RSI divergences and oversold levels have historically marked each major bottom in VETETH.
Both ETH and VET are smart contract platforms, it makes sense for holders
of Ethereum to rotate profits into a project like Ve-chain. A similar bottoming pattern
was formed in the ADAETH pair earlier in the year which marked the start of a big run
up for ADA.
VeChain forecast of $1.50 strengthens: VET Coin continues to folIn my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the pattern will repeat itself in a similar manner.
This does not seem to be far-fetched at the moment in any case. Because the similarities continue to accumulate. The above chart shows to what extent.
Obviously, they are not the same price movements, but they are enormously similar in nature.
What matters are the cornerstones of the movements. For example, then as now, the VeChain price first formed a high (1), which was followed by a correction with three stair-step lower lows (2-6). The first bullish countermovement failed at the resistance of the setup (7) and bounced off it. However, as a result, a higher low (8) was formed and from there, the break of the resistance was achieved and thus the structural break.
This structural break occurred recently and should be taken as a renewed bullish sign. In addition, it is the next indication that the pattern from then currently seems to repeat itself again.
However, it should also not be concealed that the structural break occurred this time with a significantly lower volume increase than back then. Accordingly, the current price increase looks weak in direct comparison.
Overall, the absence of significant volume increases is what seems to be a common thread running through the price increases of the entire market. Nevertheless, the parallels between today and the end of 2020 are too striking to ignore.
The symmetrical triangle, in turn, suggests that the odds are very good that the VeChain price could soon crack $0.36.
This would be important from many points of view, because apart from the fact that it would correspond to a 200% price increase at the current price of $0.12, it would furthermore be the next strong indication that the pattern from back then is still valid. It would be a higher high in the long-term trend.
A look at the price action of the VET Coin against Ethereum (ETH) seems to strengthen this thesis. Namely, here the VeChain price moves in clearly identifiable waves.
As the chart below shows, another accumulation of VET against ETH appears to have been completed. What could follow is a significant price rally.
CHART
So does the VeChain forecast of $1.50 still hold?
Currently, I am assuming so. Why, I have described here. Nevertheless, the lack of volume so far leaves a somewhat bitter aftertaste. However, as already written, this applies not only to the VeChain price, but to the market in its entirety. What is not yet, can still become.
Source: VeChain Prognose
VET.ETH (Y21.P6.E2).Bullish div building upHi All,
I can't find that I shared this before, but I did elsewhere..refer to my profile.
I did stumble onto this with my curiosity and there is a clear pattern that can be leveraged.
On this 2 day chart, I marked out key points to know when to flip from ETH to VET as a strategy.
Obviously one must look at ETH and VET charts separately to ensure the correct decision at the time makes sense.
The chart does most of the explanation and I will be looking for the breakout.
Note the buildup of the bullish div.
Hence all the best, please give me a like and share,
Cheers,
S.SAri
VeChain Aug. Price PredictionI'll be giving you 3 Price predictions as we move through the month of August.
Let's say the Bill gets really drug out maybe another week, week & a half then we will most likely see a consolidation phase in full affect. Would end the month between .08 - .10.
The Bill gets cleared up we may start off with the last pullback before a nice Uptrend kicks end, which would send us to a resistance around .15 where I think we could end up.
Bill is clear & we begin to see Mass Adoption kick in we could see a Spike similar to the one in early April. If we replicate it or get near that we would be in the .30 range flying into September.
💡Don't miss the great buy opportunity in VETETHTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003860
TP3= @ 0.00004760
TP4= @ 0.00005570
TP5= @ 0.00006570
TP6= @ 0.00008320
SL= Break below S2
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💡Don't miss the great buy opportunity in VETETHTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003860
TP3= @ 0.00004760
TP4= @ 0.00005570
TP5= @ 0.00006570
TP6= @ 0.00008320
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VETBTC to 150 sat then 300 satsNOT FINANCIAL ADVICE . I don't follow price action on VET or own any VET. I am charting this based on request so here we are! I do not care what the usd value is as much so I will chart the BTC version. If we can break 154 sats then 300 should come easy. If we break 300 sats then the sky is the limit.
💡Don't miss the great buy opportunity in VeChain/Ethereum Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain/Ethereum VETETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00003175
TP2= @ 0.00003865
TP3= @ 0.00004845
TP4= @ 0.00005655
TP5= @ 0.00006435
TP6= @ 0.00007585
TP7= @ 0.00009038
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in VeChain/Ethereum Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain / Ethereum VETETH is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00003175
TP2= @ 0.00003865
TP3= @ 0.00004845
TP4= @ 0.00005655
TP5= @ 0.00006435
TP6= @ 0.00007585
TP7= @ 0.00009038
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️