Long VETUSD | Update on Vetchain on the raod to $0.35First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.07 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 formed in recent days.
We are now entering phase 3 of the sub-waves which will form the bullish impulse of our bullrun.
A first objective towards 0.187 offering us a beautiful opportunity of 122% attention in counterpart not to go down below 0.066.
Let's give IOTEX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
Vetusd
VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe.
VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended.
Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe.
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone.
At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC.
At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC.
Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe.
If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe.
Here is a wider look at this 1d chart:
I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout.
I hope this is helpful with your trading and hodl-ing.
VET - can buy it with these TPBYBIT:VETUSDT
1H trend chart
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VET has broken out the triangle and it is testing Fib1
If price can take out 0.0961, trading strategy as below.
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Profit Targets:
a) 0.0996~0.1010----Fib(1.272~1.382)
b) 0.1040----Fib(1.618)
c) 0.1089----Fib(2)
Stop losses:
a) 0.09275-----Red horizontal ray
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VET/BTC 300% Potential from here If Break Resistance..?#VET/BTC TA Update:-
#VET is also Looking good and Bounced back from Support level.
Try to catch between 170-180 Satoshi
1st Target as per chart is 231 Satoshi (36% )
After If break upward 240 Satoshi then I can expect 500 Satoshi will be my 2nd Target (200% )
And if hold 250 Satoshi + then My Last Target will be 700 Satoshi ( 300% )
Stop Loss:- 149 Satoshi
Support:- 165 Satoshi
Resistance:- 240 Satoshi
Long VETUSD - Elliott impulsive waves phase 3 BULL-RUNIt's not too late to jump on the bandwagon, as phase 3 of Elliott's impulsive wave offers us a nice price target.
We saw the bottom of the wave 2 correction that went for the 0.786 Fibonacci retracement towards the $0.056 price. This indicator is powerful to launch the phase 3 of our impulsive.. We can see that we have strongly started the bull-run of phase 3 to go for the top of it.
The minor target is $0.35.
The major target is $0.41.
Personal position at $0.07.
$VET 2023seems impossible
but is it plausible?
in this chart version vechain breaks over the standard fib extensions
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.
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.