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Vetusd

VECHAIN NEEDS FRESH BLOOD TO SCALE HIGHERVechain is riding an ascending channel. The ceiling of the channel has been respected a few times. Price action is now bound for a cluster of support. The level that is designated in green used to be a strong support area, which is regained now. A bounce off this area can validate an assail towards the resistance which is designated in red. The area designated in purple could act as a launchpad. We need to wait and see how price action develops there. In case of a bounce off the purple box, the trade offers a decent R/R with a profit to the tune of 25%.
Long
by Djawad_Afsharirad
2
Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28. Vechain has tested the 200SMA and broke above showing strong signs of bullish momentum. There is potential 220% Gain from Buy Zone @ 23.60% Fibs to the ATH @ $0.28. Vechain is 62% up from the Buy signal triggered by the swing call script. From here we may have a small cool off period as VET is currently fighting some resistance at the 38.20% Fibonacci level. So far VET has gained +115% over the past 30 days and +45% over the past 7 days, we can expect continued momentum as the alts continue to slowly wake up and rise. Please see previous analysis below. Happy Trading :) Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :) Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below. Update 30/03/21 Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10. Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target. See previous analysis below. Happy Trading :) $VET #Hodl Update 23/03/21 Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :) Vechain Monthly Outlook Update 23/03/2021 Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h *Update Vechain Outlook 20/03/21* Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level. Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below. *Update Vechain Outlook 18/03/21* Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs). *13/03/21* Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702. Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March. The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
BINANCE:VETUSDLong
by CryptocurrencyMagnet
#VETBTC 239%+ potential Rally!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. Well, this setup is for the spot. Accumulate between 200 to 250 sats for almost a 200%+ rally. If you don't intend to miss this coin, you can simply buy some now and wait for the retracement. The best strategy is to buy when Bitcoin takes a leap to the downside and ALTS BLEED! Keep this second coin noted after Sand. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
6
VeChain quick and dirty 4hr chart updateVeChain is still above its Pitchfork Median Line for this 4hr timeframe. VeChain is still above its 50EMA (Yellow Line) for this 4hr timeframe. VeChain has found some resistance from its Least Squares Moving Average (LSMA) (White Line). If you are waiting for positive confirmation for this indictor, a successful 4hr candle close ABOVE and RETEST off this indicator as support is a potential buy signal for traders who use this indicator. VeChain had dipped in and out of its support zone and found strong support from its Bollinger Bands Middle Band Basis 20 Period SMA and is now back above its VPFR POC. VeChain is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VeChain is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected. VeChain has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average. The Average Directional Index (ADX DI) is showing that the trend strength had dropped with the ADX (Yellow Line) at 28.47 and is below its 9 Period EMA (White Line) which is at 30.22. The +DI (Green Line) has dropped to 18.47 indicating positive momentum has dropped for this 4hr timeframe, the -DI (Red Line) has also dropped to 14.87 indicating negative momentum has also dropped for this 4hr timeframe. There will be more downwards momentum if the +DI (Green line) crosses back under the -DI (Red Line) so its best to keep an eye on this. The Relative Strength Index (RSI) is indicating that momentum is upwards at the moment but note that the RSI (Purple Line) is under its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) crosses back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. Here is a closer look at this 4hr chart with the LSMA, VPFR levels and the Support Zone I've selected: After last nights dip, VeChain still made a higher low so we will have to see is VeChain can continue to make higher highs and higher lows and as always wee need to keep an eye on what uncle BTC is doing. I hope this is helpful with your trading and hold-ing.
BINANCE:VETUSD
by TradingThroughTheLens
3
Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28. Vechain has tested the 200SMA and broke above showing strong signs of bullish momentum. There is potential 220% Gain from Buy Zone @ 23.60% Fibs to the ATH @ $0.28. Please see previous analysis below. Happy Trading :) Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :) Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below. Update 30/03/21 Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10. Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target. See previous analysis below. Happy Trading :) $VET #Hodl Update 23/03/21 Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :) Vechain Monthly Outlook Update 23/03/2021 Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h *Update Vechain Outlook 20/03/21* Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level. Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below. *Update Vechain Outlook 18/03/21* Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs). *13/03/21* Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702. Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March. The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
BINANCE:VETUSDLong
by CryptocurrencyMagnet
VeChain Aug. Price PredictionI'll be giving you 3 Price predictions as we move through the month of August. Let's say the Bill gets really drug out maybe another week, week & a half then we will most likely see a consolidation phase in full affect. Would end the month between .08 - .10. The Bill gets cleared up we may start off with the last pullback before a nice Uptrend kicks end, which would send us to a resistance around .15 where I think we could end up. Bill is clear & we begin to see Mass Adoption kick in we could see a Spike similar to the one in early April. If we replicate it or get near that we would be in the .30 range flying into September.
Long
by Kyle_Kinnaird
6
VeChain (VET) - August 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (VETUSD 1W chart) If the price holds above the 0.06265984 point, it is expected that the uptrend will continue. (1D chart) If the price holds above the 0.08458101 point, we expect it to turn into an uptrend and move higher. In order to continue the upward trend, it must rise above the 0.11326725-0.12610267 section. In particular, it is expected that a breakout from the downtrend line can accelerate the uptrend. If it falls from the 0.06265984 point, it may touch the 0.03981204 point, so you need to trade cautiously. -------------------------------------- (VETBTC 1W chart) If the price holds above the 158 Satoshi point, it is expected to continue the upward trend. In particular, if the price is maintained above the 221 Satoshi-237 Satoshi section, it is expected to create a new wave. (1D chart) If the price is maintained in the range of 214 satoshi-270 satoshi, it is expected to turn into an upward trend. However, in order to continue the upward trend, it must rise above the 299 Satoshi point. If it falls from the 214 satoshi point, it can touch the 129 satoshi-157 satoshi section, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:VETUSD
by readCrypto
1
VeChain - Keep an eye on key levelsVeChain analysis: VET is back above its 50EMA for this 1D timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is still walking upwards on the inside of the Upper Bollinger Band. VET has found some resistance from its Pitchfork Median Line. If you are Long and waiting for confirmation then a close and successful retest of the Pitchfork Median Line as support is crucial for you. VET is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range. VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range that i have selected. Note that VET has closed 3 volume bars in the green but they have all been below the Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing strong positive momentum and the MACD Line (Blue Line) is now in the positive zone. The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Yellow Line) at 29.89 above its 9 Period EMA (White Line) which is at 29.25. the +DI (Green line) has increased to 22.95 and the -DI (Red Line) has dropped to 9.85, this indicates an increasing in Positive momentum while a decrease in Negative Momentum. The Chaikin Money Flow (CMF) is indicating that the CMF (Green Line) is now back above the Zero Line & back in the Accumulation Zone at 0.02. Note that the CMF (Green line) is way above its Least Squares Moving Average (LSMA) which is at -0.07. The Relative Strength Index (RSI) is showing strong upwards momentum, note that the RSI (Purple Line) is still safely above its 9 Period EMA (Yellow Line) and note that the RSI still has room to move up before entering the Overbought Zone on this 1D timeframe. So if you are waiting to go long on VET, a break above the Pitchfork Median Line and successful re-test of that level as support is crucial for you. If VET cannot make it back above the Pitchfork median Line then it could drop back to its Bollinger Bands Middle Band Basis 20 Period SMA as potential support, and as always, we need to keep an eye on what BTC is doing. I hope this is helpful with your trading and hold-ing.
BINANCE:VETUSD
by TradingThroughTheLens
3
VETUSD is at the start of a multi-month rallyVETUSD is now one of the most undervalued coins in the market while at the same time having one of the strongest technical supports to start a multi-month rally. As you see on the chart, the price bounced 10 days ago exactly on the Higher Lows trend-line of the Fibonacci Channel and broke above the 1D MA50 (blue trend-line). The sequence resembles a lot the early November 2020 break-out fractal (even on RSI terms). During that phase, the price also rebounded on the Higher Lows trend-line of the Channel and progressively tested the 1D MA50, the 1D MA200 (orange trend-line) and finally the 1D MA100 (green trend-line), all within a smaller Channel Up. At the moment the MA periods are set the same way, possibly for a similar test. Every peak/ Higher High appears to follow an arithmetic sequence, the first was onthe 2.0 Fibonacci extension, the second on the 2.5 Fib ext. Can the next one (and potentially the last in this Cycle) be on the 3.0 Fib ext or it seems too high for the market cap to you? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> RyodaBrainless --------------------------------------------------------------------------------------------------------
BINANCE:VETUSDLong
by TradingShot
5
Vechain almost ready to go bullocksHi crypto enthousiast, And welcome to the crypto weather channel. After a good dip (like the rest of the crypto market did) vechain is now finally ready to make its climb up and retake previous highs. Right now its still under heavy selling clouds till tomorrow but we can expect a disruption in its downtrend very soon. If you like this idea dont forget to like and subscribe. Thank you very much for reading and good luck with trading. Cheers, The Crypto Weatherman
BINANCE:VETUSDLong
by The_Crypto_Weatherman
1
💡Don't miss the great buy opportunity in VETUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.07923). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 0.08989 TP2= @ 0.09526 TP3= @ 0.10170 TP4= @ 0.11550 TP5= @ 0.12250 TP6= @ 0.14157 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ HighAccurate forecast for
BINANCE:VETUSDLong
by ForecastCity_World
17
💡Don't miss the great buy opportunity in VETUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.07923). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 0.08989 TP2= @ 0.09526 TP3= @ 0.10170 TP4= @ 0.11550 TP5= @ 0.12250 TP6= @ 0.14157 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:VETUSDLong
by ForecastCity
5
VeChain - Lets have a look at yaVeChain daily chart update: VeChain had broken upwards through its Falling Wedge Pattern on the 22nd July. VET has broken upwards through its downward trend-line and successfully re-tested it as support 4 days ago. Note that VET had successfully tested its Major Longterm Upwards Trend-line as support twice on the 20th-21st July. As noted on the chart, VeChain may have a new Support Line if VeChain closes this daily candle above it and turns it into support. VET has found some resistance from its 50EMA and has dropped below it. We 110% need to close a daily candle above this crucial level and turn it into strong support on this 1D timeframe. VeChain is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. VeChain is slightly above its Bollinger Bands Upper band so we may see a drop back under the Upper Band or VET may continue walking upwards on the outside of the Upper BB. Volume has increased and notice that todays volume bar is way above its Volume 20 Period Moving Average. VeChain is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that I’ve selected. If VET goes higher, we can expect strong resistance at around. $0.0955 The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still above its Signal Line (Orange Line) and we have Green Histograms of increasing size. We may see the MACD Line (Blue Line) cross back over the 0.0 Level into the positive zone. This would mean that a 12 Period EMA has crossed back over a 26 Period EMA on this 1D timeframe, this would be a very good thing. Note that the MACD Line (Blue Line) has not been in the positive zone above the 0.0 level since 17th May 2021 for this 1D timeframe. The Average Directional Index (ADX DI) is indicating Positive Momentum has finally overtaken Negative Momentum on this 1D timeframe. The +DI (Green Line) is at 24.82 and has crossed over the -DI (Red Line) which is at 15.46. The ADX (Yellow Line) is starting to curve sideways at 28.46 but still below its 9 Period EMA (White Line) which is at 30.13. Note that this is the fist time the +DI (Green Line) has been above the -DI (Red Line) since 11th May 2021 for this 1D timeframe. The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from -0.15 to the Zero Line at 0.0. Note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at -0.13. It's a good sign of accumulation strength when the CMF (Green Line) is above the LSMA (Blue Line). The Relative Strength Index (RSI) is showing a sharp rise in upwards momentum with the RSI (Purple Line) rising to 59.43 from back when it was in the Oversold Zone on the 20th July. Note that the RSI (Purple Line) is back above its 9 Period EMA (Yellow Line) which is at 44.86, this is a good sign of upwards strength. Congrats if you managed to buy VET at $0.056 or near enough. This rise is great but we shouldn’t jump the gun & we obviously need to keep an eye on what BTC is doing and whether or not BTC can break out upwards from its sideways channel. For VeChain, the daily 50EMA is a crucial level to watch. If VeChain fails to close a daily candle above the 50EMA then VeChain may drop back to its Bollinger Bands Middle Band Basis 20 Period SMA, but at the moment it’s looking very promising VET will close above the 50EMA, but again its best to wait for confirmation if your uncertain to go Long. I hope this is helpful with your Trading or Hold-ing
BINANCE:VETUSD
by TradingThroughTheLens
VETUSDT Long Term Setup!VETUSDT (Day Chart) Technical Analysis Update VeChain currently Trading at $0.082 Buy Level: $0.065 - $0.080 (wait for the small retracement) Take Profit: TP1 $0.095 , TP2 $0.145 , TP3 0.25 , TP4 0.50 Good Pick for the Long term, In the chart you can see it's reversing from the support trend line and also you can see in the chart it breaks the resistance line in the daily chart. I'm expecting the Vechain uptrend will continue. if the uptrend continues we can expect a new ATH in few months. based on past trends we can expect a minimum of 750%+ growth. Vechain Overview: VeChain is a blockchain-powered supply chain platform. 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. Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
Long
by GreenCryptoTrades
9