🦚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
Vetusd
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.
Hello community, please if you like my ideas do not forget to support them with your likes and comment, and you can also get in touch for daily signals and alerts
VET - BREAKING OUT TOWARDS $1.00 - CryptoManiac101VET / USD TA
VET is getting ready for a surprising 10x rise in the coming month and whether you will be hear to witness it is entirely up to you!
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!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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VETUSD : Multiple pattern in 1h !In 1h chart
There is a diamond top and a potential double bottom in the chart .
If price break out the diamond and stand firm above the neckline ,trading strategy as below .
*top wick shorter than 1/2 body
SL:0.1262
TP1:0.1478
TP2:0.1606
TP3:0.1658
TP4:0.1714
TP5:0.1770
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
VET is ready to fly after retestYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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VET VeChain going above 1💲 ??I came to this analysis by combining normal and Logarithmic chart.
Let's look at the chart see what we got:
VeChain successfully broke and important yellow Trend Line that gave us a green light. Successful upward breakout + re-test = moon
We're at the re-test area so I saw this as good accumulation area but there maybe another lower retest so I added another step of buy area but it is less possible..
When the bullish move is started our main resistance is around $0.251. So I can suggest you to take profit in that area and if the price successfully breaks that area it will give us another buy opportunity to the moon..
Good luck folks, and don't forget to push the like button and feel free to share your opinion in the comments ;)
VET - $0.28VET is currently trading above the support at $0.1261. If it can stay above this support, we could start seeing a move towards $0.1401 and $0.1518. If the resistance at $0.1518 breaks, we could start seeing a move towards $0.1672, $0.1891, $0.2109, $0.2421 and $0.2818. Failure to hold the support at $0.1261 could lead to a drop towards $0.1116, $0.1048 and $0.0956.
VET/USDT 📊 Long investment deal 📊
VeChain’s blockchain is built on a modified version of the Ethereum codebase and it optimizes its blockchain (called Thor) for enterprise use cases. Thor is the core of the blockchain, which functions as a basic layer for message exchange, key management, and data storage. Business applications can be built on top of Thor for smart contract creation and data auditing. VeChain plans to develop Thor smart contract development with visualization tools and support for multiple languages. VeChain IDs are a key component of the blockchain. Physical good tracked with VeChain are assigned digital identities created with a SHA256 hash and tracked with NFC, RFID, and QR codes. It uses a Proof of Authority (PoA) consensus mechanism that relies on masternodes to validate transactions. Authoritative masternodes are selected by the VeChain Foundation and the VeChain community after Know Your Customer (KYC) processes. VeChain’s blockchain circulates two tokens. The first, VET, is the network’s primary medium of exchange for governance and payments. The second, VeThor (VTHO), is a token for a lower transaction fee model that is credited to VeChain users daily based on the amount of VET they hold. VeThor is used to executing smart contracts and transactions on the VeChain blockchain. VeChain blockchain users are categorized as users and service providers. VeChain users include manufacturers, retailers, consumers, and other enterprise clients. Service providers build specific applications on the network like smart contracts and other blockchain-based software applications.
Vechain incorrectly calculated targetUpdate on symmetrical triangle: Two days ago we saw the entire crypto market fall. Vechain came back into the symmetrical triangle, tested 200MA but luckily successfully bounced off 200MA and broke the triangle again. So far, everything seems fine and this pattern still looks valid. To be completely sure in this trade I want the price to exceed the previous high - this is around 0.15$.
*A few days ago I already posted an update for the Vechain symmetrical triangle. There I also posted a potential target (0.35$) when Vechain breaks through a symmetrical triangle. I was wrong in this calculation. The price target is actually at around 0.90$. On the basis of this pattern, this is quite possible, especially if we take into account that this pattern has been formed throughout the year. With a little luck we can reach even 1.00$. Many times the trend continues even after the target is reached.
So this is huge, especially if we know that every Vechain hodler wants Vechain to reach 1.00$. Please like and share this idea that every Vechain hodler see it.