Vetpriceprediction
March deadline for Vechain. Do or die!We expected a sooner breakout for Vechain to higher levels based on the charts, but instead Vechain broke down continuing the downward trend to our lower support & final support. If Vechain breaches this last resort, all hope in this project will be dead.
It appears mid-march is the area of rebirth.. or the death of Vechain. Time's ticking.
VET - 6h. Critical point for growth - the range of $0.16-0.17 Nothing is impossible. It was with this slogan that VET sellers lowered the price by 80% from the all-time high. A powerful wave of decline in the VET market tested the liquid range in which the price was trading back in February 2021. It is in the range. of $ 0,05
buyers set the previous all-time high. It was at this historical high that we took a fractal that worked perfectly in our previous idea:
Sellers managed to push the price even below our global target o f $0.07 . As a result, all the profit that investors could have earned within 3 months disappeared in one day. Of course, this is at best.
However, the sharp rebound of the VETUSDT price from the mark of $0.05 and the unsuccessful attempts of sellers to update the local minimum proved the strength of the coin. Our short-term scenario for the VET price movement is positive. We expect the price rebound to continue after the panic fall with the target of $0.16-0.17 . For a confident continuation of growth, buyers should not give up control of the mark of $0.104 . After a successful test of this mark, a good chance will open up to buy this coin with low risks. The loss of this mark will send the VET price towards the trendline and question the strength of the buyers.
___________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
VET - 12h. In a step before a powerful fall wave?Hello everyone. For almost a month, the VET market continues to consolidate, in which market participants are trying to gain positions before the next impulse. The main question that arises for us is in which direction will this powerful impulse , which is about to begin to emerge? On the one hand, we see a powerful wave of growth, after which a shallow correction began. This fact indicates a high probability of the continuation of the growth trend.
However, if you pay attention to the history of the VETUSDT price movement, you can see a similar situation in February 2021. On the chart, we copied the fractal from this segment of the chart and transferred it to the current situation. As you can see, this scenario looks quite realistic. In addition, if we build a global growth channel, from which the VET price jumped out in April 2021, we see a likely collapse of the VET market can stop at the lower trend line:
If we look at the situation and ignore the fractal, we see that the VETUSD price is preparing to exit the triangle . The lower trendline of the triangle also serves as the trendline of the growth channel, which buyers have been holding since February 2021. The current wave of growth, within the triangle, is happening without much enthusiasm from buyers:
This can be seen from the trading volume and the growth pattern. The breaking of the lower trend line of the triangle will trigger the triggering of a large number of stop orders of buyers who bought VET during the previous 2 months. This volume of long positions, which starts to sell at the market price, could trigger a powerful wave of decline with the first stop at $0.17.
If the triangle is broken upwards, we will wait for the retest of the mark of $0.22 . If buyers after the breakdown of the triangle upwards hold this mark, this idea will become irrelevant and it will be necessary to buy VET.
P.S. Our previous idea for Vechain had two scenarios. So far, buyers have failed to implement a positive scenario.
_______________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
Downtrend ChannelNotice if we the first arrow showing a dip against a resistance line, where BTC did move up and not went down. Though it broke out of that resistance, with BTC moving down VET also will move down, I suspect end at the same spot as last time, however depending on BTC still moving down or bounce up. But one thing is VET is very far above it normal growth lines and might be in need of a big retraction or it established a new growth line in blue, but I doubt it as it will go through the line with BTC moving down. As how much the resistance was able to push down VET the next one should be even stronger and push down VET even more, before it can truly shoot up or it need a big news announcement to break though it.
VET - 1D. Is the growth of + 200% still real?As it turned out, the VETUSDT price has been moving upward in a channel for almost a year.
Recently, the VETUSD price has broken through to the upper part of the channel and is trying to gain a foothold there.
If the price fixing in the upper part is successful, then we can start pinning hopes on continued growth to $0.12-0.13
A note of conspiracy and coincidences: the low according to VET was 03/13/20, and the high could be 03/13/21 :)
However, if the price drops below $0.046 , then we can expect a price movement in the lower part of the channel, and the liquid zone that will attract the price to itself is in the area of $0.0215-0.0255
_____________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
#VET: 40% Profit Potential in short term!!!VeChain (#VET) is an up and coming blockchain platform aimed at serving the logistics sector and the Internet of Things (IoT). The new blockchain was launched in July 2018, offering a swap of the older VEN token for the VET digital asset. VeChain is a dual-asset platform, with an elaborate system of staking nodes paying out rewards in VeThor (VTHO).
In a short to midterm, VET is currently on reversal trend which already started to go up. Currently on short term pullback. It has major support at 86.
Critical areas to watch if buying pressure is strong at 88, 89, 90.
Short term Target at 123.
Who will Take over the Vechain Bulls or Bears?VET Price Analysis: The most recent week on Monday, the cash began with an estimation of $0.0040 yet the bear overwhelms and the worth began to decay. After the remainder of the week, the worth bit by bit diminished step by step. The cash began to exchange at the estimation of $0.003395 on Wednesday and it was a major fall in the worth and on Thursday the money even arrives at the low of $0.003173. Be that as it may, the money again came to up to the estimation of $0.003434 on Saturday in the wake of drifting around the estimation of $0.0032 to $0.0033 on Friday. The earlier week has been intense for the vast majority of different monetary forms as well.
On 30th September the cash esteems were around the estimation of $0.0032 to $0.0034 and the money began to recuperation and came to up to the estimation of $0.003521, which is as of now exchanging.
News Source : TheCoinRepublic
Bearish Pressure Over VECHAINThe estimation of the money was exchanging at the estimation of $0.003437 at 06:19 UTC and the market capitalization of the cash $190,612,232. The 24-hour volume is $38,253,022 and today is certain that the cash is under the bearish weight. Recently the estimation of the cash is floating between the scope of $0.003400 to $0.003490, however it didn't contact the estimation of $0.0035.
Specialized Analysis of VET/USD: Vechain is at present exchanging with the bearish development. The moving midpoints of 10-day, 20-day, 50-day are indicating selling sign and RSI of the cash is at the estimation of 33, it is additionally demonstrating the sell signal. Obviously, the bears have more control over the bulls here. The MACD is additionally in the red zone and sells marker is on.
News Source : TheCoinRepublic
Vechain keeps struggling as bears hold again
Considering the exceptionally late diagram of VeChain, one can unmistakably see that the value graph demonstrates a descending pattern in the coin. Only a couple of days back, the expense of VeChain opened with a 3.03 percent upturn and moved from $0.0039 to $0.0040.
Not long after from that point forward, the VET started to slip with a critical fall of 5.71%. The cost changed 5.71 percent from $0.0039 to $0.0037. VET tumbled to $0.0037 and the day was shut. Remembering every one of the statistical data points, the day booked around 4.98% relapse. Be that as it may, on seventh September, the VET started with a 2.83 percent upturn and countered a $0.0037-$0.0038 change. From morning up to this point, the coin has held it the equivalent.
News Source: TheCoinRepublic