#VeChain #VET my exit target @ $0.39VET is no dinosaur, with little technical data to analyze since it doesn't stretch back to previous market cycles to draw a FIB R Levels from its 2017/2018 ATH.
So I choose to be conservative here and draw the lines as per this year's May 19th dip from its cycle ATH to ATL that followed. I witnessed that ADA, AVAX & MANA (the early boomers) got stalled between 1.618 & 2.618 FIB R levels.
That said, I'll have 1.618 FIB R level to be my target roof at $0.39 while VET has all the potential to continue north from there... but that is a risk that I don't intend to take.
Vetusd
VET - is going to break this resistance 🚀🚀VeChain has been near a resistance zone for a fortnight now. At the same time, the price is starting to squeeze. This is a signal of strength accumulation. If the price breaks through this zone, the next levels that the price can reach will probably be $0.193 and $0.249.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VETUSDT Cup and Handle TargetAnother quick chart for you guys! This is another asset I have mentioned to my followers in the past. It has started to break out after its consolidation. The target provided was made from the last cup and handle pattern we saw. The target is 20 and was made by adding the depth of the cup to the top of the pattern. I believe this asset will fair very well during this last leg of the bull run. This is only the first target by the way. When we have some other patterns, we will be able to create future targets.
Thanks again everyone!
Vechain: Could 7x from current levelIn my previous analysis, I shown how Vechain is cyclical against Ethereum and is expected to outperform the latter in the upcoming weeks. In this analysis, I show the Elliott wave count for Vechain. VET recently finished a large triangle for its primary wave 4 and has now begun a massive primary wave 5. I believe we are now beginning the secondary wave 3 of primary wave 5 that could carry the price as high as $1.20, which is at least 7x gain.
Vechain (VET): Best cyclical buy signal!Vechain, when measured against Ethereum, is extremely cyclical. The best time to buy VET is when the pair goes above both moving averages, then corrects slightly, looks like an inverted hook as shown in magenta in the chart above. This means Vechain is going to outperform Ethereum in the upcoming weeks, quite significantly. It is not too late to buy, it is just about to get started!
⭕VETUSD : It did we predict again and..
Click the pic to read last post and detail.
It hesitated after hit TP1 and break out again now, so we modify SL to 0.1511.
Remember take some profit and give it more time !
✅TP1:0.1478
✅TP2:0.1606
✅TP3:0.1658
TP4:0.1714
TP5:0.1770
🔴🆕TP6 : 0.1950
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🦚VET- parallel channel(weekly)-- Zoomed out(weekly) view:
The price has been moving in a parallel channel for over 600 days. Just recently the price broke above the area of heavy resistance(red) and is now testing it as a support. If buyers manage to hold this level, we can expect the price to keep climbing new levels. Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode.
Entry: buy at current price(0.156) down to 0.148
Targets:
TP1: 0.1853
TP2: 0.2465
TP3: 0.2809 (~90%)
+ use the dynamic resistance(green) and top of the channel as potential targets
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About VET:
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Source: coinmarketcap
VET/USD ChartVET has been really interesting right now, with patterns similar to the first half of 2021. I did a VET analysis a few weeks ago when the coin broke the 0.10$ resistance, and I talked about a bullish scenario. After BTC rally to new ATH seems that altcoins are consolidating and starting to pump. VET has never been a coin that I would hold for years to make big gains in my portfolio, but for now the charts look very promising. Vechain also announced a launch of their own DEX, and a yield farm token called VEX. This is great news for every investor since the ecosystem is expanding fast. For me this is also very bullish because when Axie Infinity announced a DEX launch the price of their coin increased a lot.What are your thought about this? If you like my idea and follow me it would help a lot, and I would aprecciate if you could comment and discusss my idea.
Thanks!
$VET Ascending Triangle - Breakout Soon$VET is currently in an uptrend on the daily timeframe and approaching resistance at $0.155 cents.
VeChain is in an ascending triangle which is a bullish chart pattern.
I am LONG expecting $VET to breakout of this resistance and flip it into support before continuing towards ATH of $0.28 cents.
Should this pattern breakdown $VET will look for support at $0.12 with deeper support at $0.10
What next for VET?The four-hour chart shows that the VeChain price has been in a relatively steady bullish trend in the past few weeks. The coin has risen by about 81% from its lowest level in September. It is now approaching its key resistance level, which was also the highest level in September. At the same time, the coin has moved above the 25-day and 50-day moving averages.
Therefore, in my view, the outlook of the VET price is a bit neutral at the current level. A bullish breakout will be confirmed if the price manages to move above the resistance at $0.1570.
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VETUSD (VeChain) Show Signs of a Strong Bullish MoveVETUSD (VeChain). Four (4) Higher Lows formed on the VETUSD Chart. VETUSD is still showing bullish signs on the H1 Chart and H4 Chart shown below.
VETUSD shows bullish signs on the Daily Chart. EMA 10 is above EMA 20.
VeChain VETUSDT - Ascending triangle +1000% gains- VeChain VET - Rank #23 - Coin.
- The chart is printing an ascending triangle - bullish continuation pattern.
- As per my Elliott Wave count, we are in the 5th impulse wave to the upside!
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