VETUSDT - Can uptrend resume?Nearing resistance of 0.206. Should be able to clear red trend line. Market seems good and thus it can test resistance(violet) and quick movement to test next resistance(violet) and trend resistance( 2nd red) could happen.
BTC should hold to give VET bullishness. Check BTC idea through link below.
Vetusd
VET getting ready for .40 in Bullish Cycle Maxout at .89Vet in Bullish cycle getting ready for a target of .40 to maxout at .89
Has strong downward support refer to my earlier posted charts.
VeChain (VET) Can Enter Top 10 Cryptocurrencies Soon (50% Gain)VeChain Thor's token VET has a YTD performance of 1000%+.
VeChain brings some of the most diverse, best and most useful solutions the worlds needs of all projects around.
VET is my second favorite coin to trade in 2021.
Price action shows a symmetrical triangle with small resistance.
Trendlines might still get broken slightly and price might consolidate a bit longer, most probably forming a bigger triangle.
Target:
I used the height of the triangle to get a target of 0.37 USDT.
Using a trailing SL could give you an even higher return with these higher lows.
(Personally I trail 50% and sell 50% at my target.)
The long wick on April 18 was due to a liquidation. A liquidation occurs when people are overleveraging their margin in a market and suddendly they don't have enough margin left.
Price only has to drop a little bit and their long positions get closed automatically with an opposing market (sell) order that gets executed immediately. (Margin Call)
As a result price can drop very hard in a couple of minutes and this can create a snowball of liquidations following up on eachother if lots of people are overleveraged.
VET looks bullish against BTC as well:
What is VeChain?
VeChain offers useful solutions for enterprises by enhancing their supply chain management and business processes via blockchain.
The information is kept in distributed ledgers via so-called Distributed Ledger Technology.
This is where VeChain initially began in 2018. Since then VeChain was renamed to VeChain Thor and moved forward to more general dApp solutions similar to Ethereum .
With VeChain Thor you can solve a broad amount of problems like countering the production of counterfeit products or managing energy consumption.
If you'd like to know more about VeChain Thor and its ecosystem checkout their website .
Vechain recently got ranked 13th on CoinMarketCap and is on track for the top 10.
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14.1% of sales in the cosmetic industry in Europe are lost due to counterfeit products. ( source )
I mainly publish fundamental and technical mixed crypto analyses like this, follow me if you'd like to see more! :)
Vechain ready to EXPLODE!Vechain is starting to recover from a much needed correction after making tremendous gains recently! We are currently pushing to break the 0.2 FIB Level after rejecting off of it earlier today. Once Altseason full kicks in i expect VET to fly past its ATH and move into price discovery! Our EMA Ribbons are now recovering turning back to the upside and seeing great separation in the ribbons. The RSI bounced perfectly off the 50. point level showing we are clearly still in an uptrend! we have awhile to go before we are overbought aswell. Our ZL MACD has sunk all the way to the bottom and is beginning to show signs of fully reversing bullish brining IMO an explosive move to the upside and eventually a new ATH! Not financial advice just my opinion! rarible.com Check out my first NFT! More in the making!
VETUSD 0.40 and 0.60 the next targetsPattern: Fibonacci Channel Up on 1D.
Signal: Buy as the 1D MA50 has been supporting an uptrend since December 2020. The RSI rebounded exactly on its Higher Lows trend-line on its own Channel Up.
Target: 0.40 and 0.60 which is where the 4.0 and 4.5 Fibonacci extensions are respectively.
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VeChain (VET) - April 27Hello?
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We need to see if we can get support at 0.17029034-0.19129250 and climb along the uptrend line.
If you go down at 0.16817286, you need a short stop loss.
However, you need to trade carefully as you can touch and climb the 0.12828604 point and the uptrend line.
If it falls at 0.09410614, you need a Stop Loss to preserve profit or loss.
In the CCI-RC indicator, it remains to be seen if the CCI line can break above the EMA line and continue the upward trend.
If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
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(VETBTC 1D chart)
We have to see if we can get support and ascend in the 316 Satoshi-350 Satoshi section.
If it falls at the 221 Satoshi point, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
VETUSD LONG TERM UPDATEEven though H1 is a lower time frame, It does shows a complete ABCDE consolidation. VETUSD is set for an upside break-out with the first target being $0.35 from a measured objective of that peannut. $1 could also come sooner. It is only a 5x pump from the current price. We only buy the Dips and HODL!
VET 1D Will it increases +200% again?Two months ago we published an idea for a VETUSDT pair that the price can do +200%
And she did, even more, breaking through the channel upwards in which the price of VETUSD moved for a year and showing the result of +400% - +500%
Further, is even more interesting , the annual channel has confidently broken through up and even managed to test the strength of the channel base with a squeeze.
Now the daily candles are showing a consolidation above the $0.220 level, not really reacting to the BTC straits
If this trend continues, then we can expect another +200% increase in the price of VET
Is there a strong fundamental news background behind the Vechain project? Please write about it in the comments.
We consider the level of $0.17 to be the critical point. Fixing the VETUSDT price below this level may start a correction to the $0.75-0.95 zone.
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VET/USDT is going to pump soon.Hi every one
VECHAIN / TETHERUS
VET/USDT is in an ascending triangle pattern which means that the price would increase as much as the measured price movement after the break out (AB=CD). There is also a hidden bullish divergence on MACD as well which helps us think that the bullish movement can happen much faster.
Our more recent analysis of VET / USDT :
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
VETUSDT Triangle formationVETUSDT (1H Chart) Technical Analysis Update
Waiting for the Triangle Breakout
VET/USDT currently trading at $0.2543
Buy-level: 0.2650 (only buy if 1h candle closes above the resistance line)
Stop loss: $0.230
Target 1: $0.2780
Target 2: $0.300
Target 3: $0.350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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