$VET 2023seems impossible
but is it plausible?
in this chart version vechain breaks over the standard fib extensions
Vetusd
VeChain - A quick analysisVeChain was in a massive Rising Wedge Pattern and has broken below it.
VeChain is now in a new massive Symmetrical Triangle Pattern. VeChain needs to stay above the Ascending Trend-line of the Symmetrical Triangle for any real upside recovery to take place.
At the moment of typing this, VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. We need VeChain to break back above and more importantly close above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe.
At the moment of typing this, VeChain is above its Least Squares Moving Average (LSMA). At the moment VeChain has found support from the LSMA. We need this daily candle to close above the LSMA.
At the moment of typing this, VeChain is above its Volume Profile Fixed range Point of Control (VPFR POC) fro this charts fixed range off 29 daily candles that i have selected.
Note that yesterday’s Volume Bar ended in the Green and closed above its Volume 20 period Moving Average. It’s still uncertain if today will end in the green.
The Average Directional index (ADX DI) is showing that the -DI (Red Line) is still above the +DI (Green Line) indicating that Negative Momentum is still dominant over Positive Momentum on this 1d timeframe. Note that the -DI (Red Line) has dipped slightly to 31.03 and the +DI (Green Line) has risen to 9.02 but it looks like it’ll be awhile before we see the +DI (Green Line) cross back above the -DI (Red Line) on this 1d timeframe. Note that at the moment, the Trend Strength is strong with the ADX (Orange Line) at 34.40 and still above its 9 Period EMA (Black Line) which is at 28.80.
The Moving Average Convergence Divergence is indicating momentum is still downwards and note that the MACD Line (Blue Line) is still below its Signal Line (Orange Line) and is also in the Negative Zone below the 0.0 Base Line. We need to see the MACD (Blue Line) cross back above the Signal Line (Orange Line) on this 1d timeframe for any real recovery to take place.
I would not get excited unless VeChain closes a daily candle back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe.
Here is a closer look at this VeChain chart.
I hope this is helpful with your trading and hodl-ing.
Rising Wedge Pattern = Ascending Converging Black Dashed Lines on chart
Symmetrical Triangle Pattern = Ascending/Descending Converging Black Dotted Lines on chart
LSMA = Black Squiggly Line on chart
Bollinger Bands = Grey Bands on chart
VPFRPOC = Short Horizontal Red Line on chart
VET/USDT idea. Two outcomes (Descending Triangle). Thoughts?Blue outcome is the most plausible. There will be better time to BUY in the near future.
Summary: We're not going to a new ATH here. Not yet. Price stays in the triangle for now.
Price might increase on the short term but decrease in the medium term. What do you think?
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 Price AnalysisVET/USD retraced to $0.09 overnight.
VET/USD is currently trading at $0.0916.
Vechain price analysis is dropped today as we expect another attempt to break above $0.10 to follow over the next 24 hours after a higher low was set at $0.09 overnight. Therefore, VET/USD could see the next major resistance around $0.11 reached by the end of the week, as we anticipate a breakout higher.
Up-trend tradeAs I mentioned in the previous analysis, in the daily time frame we are still in a big uptrend . IF BTC holds 50K level strongly or just goes sideways at this level, we can see a good upward move in VETUSDT. We have to hold our stop loss and manage our risk. Considering the target on this trade, the reward/risk ratio is 3 which is a good one.
P.S: Always do your own research, This is just a suggestion.
You can check my profile to see my previous analysis on VETUSDT.
Also if you want more, please follow for the next ones.
VETUSD with 100% gain potention hidden bullish divergenceLooks like VET broke the trend line and now we have the confirmation and hidden bullish divergence on RSI with potential of 100% gain in next 10 days.
VET dips a bit, then blastoffVET mirroring BTC exactly these last few days, so everything here is based on BTC holding $52k as an absolute bottom before we take off. VET has been holding the indicated Fib levels fairly well since ATH this past summer. If BTC dips to $52k, as is trending today, we can probably expect VET to follow suit and dump further. Next support would be 10.3 cents on the Fib level, which is only slightly below the trendline I have drawn...I would expect VET to hold the trend line , but maybe wick down below it on the hourly scale. I am setting a buy for 10.5 cents, which hopefully is rock bottom for VET before we retake 25 cents and then beyond.
Next support if we break below 10.5 cents would probably be 8.5 cents as indicated by the purple rectangle, but hopefully it doesn't come to that.
Not financial advice, just my thoughts.
VET ContinuationVET/USD
Bullish Case
- Seem to have found Support at approx. the $0.118 area which is previous resistance, now turned support. and range for a while.
- Bouncing between $0.118-0.157, once we break $0.157, we should be heading towards $0.2211
- Bounce from Daily 200MA
- MACD/Signal and Histogram Reversing
- MACD Bullish Divergence between 28 Sep to 23rd Nov
- RSI low
- VPVR shows a lot of support in the $0.113 area.
- 1-1 Micro Fib extension shows Resistance at $0.22 Macro 0.618 Fib extension.
Bearish Case
- Strong Support at $0.092 level shown by the Volume Profile
- Still further touching the bottom of the Bollinger Band, can also go lower stretching the band.
(VET) VeChain ON THE ROAD TO 1$ 🧑🚀 🚀Hello everyone !
Today the Black Cat Trader is analyzing Vechain (VET) based on a weekly chart 📈
What we can see :
- VET is actually very closed to its uptrend line (green).
- Prices broke the downtrend line (red) and test it now as a support.
- 0.618 fib level act as a strong support right now.
- Prices are under the Kijun/Tenkan and under the Kumo. Note that the Lagging span is actually trying to crosses prices.
What we can expect :
If VET manages to hold its support (0.618 / both trend lines) we can expect prices to reach upper levels in the coming weeks.
But we need, first, those confirmations :
- Prices must break the Kijun / Tenkan / Kumo, and the Lagging span must crosses prices and ALSO the downtrend line ⚠️
Resistance : Tenkan / Kijun / Kumo
Supports : (0.618 + both trend lines)
TP1 : 0,49 $
TP2 : 0,76 $
TP3 : 1,03 $
TP4 : 1,30 $
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
VET price prediction 1: bouncing back from Fibonacci 0.382 price is heading towards 0.15 $, where the dashed line will stop the move, around 0.155 $
2: a big correction, Fibonacci 0.5 won't stop the price because of Christmas, I can see it stopping at 0.13 $
3: high volume, price reaches Fibonacci 0.618 ( 0.172 $ ) in a few days
4: small correction to the dashed trend line, around 0.16 $
5: price breaking through an important key level, 0.19 $, maybe touching 0.20 $
6: small correction to 0.19 $
7: again. in a few high volume days price reaches 0.22 $, what is not just an important level, but the Fibonacci 0.786 level is also around here ( 0.2188 $ )
Price will hit 0.22 $ around 12 Jan 2022. From the previous low, 0.1043 $, price will rise around 11.57 cents, in around 45 days.
This analysis is based on my own ideas and on a few simple mathematical calculations.
VETUSDT , Our buy zone activatedHello everybody
I hope everyone have nice trading week
Accroding to the chart you can see that the price is came to our buy zone and activated both of our buy zone and now we expect that the price is ready to go up and reach to our target .
Until now you can buy and wait until target reach.
Dont forget use stop loss and attention to money management
Previous analysis :
If you have any question ask us
Good Luck
Abtin
VET - REALLY Good IndicatorsSince BTC decided to do a nice little drop last night, basically knocking “most” alts down with it, I thought I’d review my watchlists to see what coins I follow were is primo position for positive movement.
As you can see I use a custom “MacD” I got off the TradingView list, and the Stochastic RSI for determining potential energy levels is my way of describing it.
VET has been active the last few weeks following a nice parallel channel from around .08 to .11. BTC’s latest antics kicked it in the nuts and its staggered back to .12 but I believe thats the bottom. It’s just been too solid the last couple months and I believe its ready to go.
The MacD and RSI energy are in perfect positions for this type of analysis to suggest an upward projection soon. Upward to where you ask?
If it respects the top of the parallel channel I’d say around .25 range.
I have posted a repetitive history analysis recently for VET where I estimate a rise to the .80 range by year end.
I have posted an analysis using the “Log” function which showed a rise to $1.71 up to 5.89.
My thoughts, not advice Oklah. Cheers