VET/USDExpecting to see pullback to 50-61 Fibo level. Which is good place to join the trend after bullish confirmation. #VET
Vetusd
Vechain on the verge of a huge run! Vet has undoubtedly been one of the most impressive cryptos in the past couple months putting out great numbers and has been in a very solid uptrend. I really think this is due to the realization from both retail and institution of what Vechain is and what it is doing and providing! We recently created a new ATH and i think we are going to see another one soon! Our Zero Lag Macd looks super bullish and we are seeing strong upwards movement with no sign of slowing down! We are beginning to ride the top of the bollinger bands which is very bullish and you can see the same thing and how it played out around FEB and March on the chart!! Ichimoku cloud is bringing us nice green support clouds, pushing up. Overall i think vechain will be one of the best investments for the future, the technology and what they are doing is so incredible and they already have real world use cases that are being used around the world everyday! Personally I can see myself holding onto most of my Vechain for the next few years! Not Financial advice just my opinion!
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
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!❤️
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Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
VeChain (VET) - April 6Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a nice day.
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You should watch for any movement that deviates from the 0.09423024-0.10736697 section.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to make sure you get support in the 0.08985133-0.09423024 section.
If you go down at 0.08867631, you need a short stop loss.
In the CCI-RC indicator, if the CCI line rises above the EMA line, volatility may occur, so careful trading is necessary.
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(VETBTC 1D chart)
We have to see if we can get support at the 170 Satoshi point and rise above the 185 Satoshi point.
If it falls, we need to make sure we get support at the 156 Satoshi spot.
If you fall between 147 Satoshi and 156 Satoshi, you need a short stop loss.
If it falls at the 128 Satoshi point, Stop Loss is needed to preserve profit and loss.
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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)
VET BETLong to test $0.13 after support formation. Great work if you bought with me from $0.03 to $0.05, we've more than doubled our position. I think VeChain is in the position to come out on top of the industrial-coin market, working with Walmart and other big businesses to reinvent supply chain/product data.
VET At Perfect Place To Take ProfitVET made its way to my take profit #2 level, which perfectly lines up with that 3 standard deviation line (red line). This is a perfect place to take some profits. It's also at $.10 which is a key psychological level.
Downtrend ChannelNotice if we the first arrow showing a dip against a resistance line, where BTC did move up and not went down. Though it broke out of that resistance, with BTC moving down VET also will move down, I suspect end at the same spot as last time, however depending on BTC still moving down or bounce up. But one thing is VET is very far above it normal growth lines and might be in need of a big retraction or it established a new growth line in blue, but I doubt it as it will go through the line with BTC moving down. As how much the resistance was able to push down VET the next one should be even stronger and push down VET even more, before it can truly shoot up or it need a big news announcement to break though it.
VET next possible moves?So VET has been acting the way we supposed... BUT
there has appeared a new resistance area .89-.85
right now we can test the area again and VET can of course bounce to the yellow resistance line.
But it can also break down and check the trendline...
On the chart, you can see possible scenarios that could happen...
In the long term, VET is still in a bullish trend!
Feel free to check my other ideas :)
Vechain gearing up for an explosive move!Vet has been going sideways in accumulation for a almost a couple weeks now after its huge run up creating new ATH's and support. I believe its just a matter of time before we see VET go on another huge run creating new ATHS and upper supports! All we have in the way is 1 FIB resistance level coming from the ATH! the longer the accumulation goes for the stronger and more explosive our next move will be! The MACD is looking good we are starting to see a slight point up, I think we are going too see a golden cross any day now at the start of the next run up! We are seeing a nice spread among the EMA ribbons which are also slightly pointing up, dont think we will see a flip of the ribbons anytime. And the coppock curve has been on the fall and we are now reaching the bottom and i expect us to see a reversal sometime soon. Overall very bullish on VET i believe this project is going to play a crucial role in the future of crypto and real world retail which it is already dominating in! NFA just my opinion!
Cautiously watching VET (3 day Heiken Chart) As you guys can see from the chart, VET has clearly been showing signs of slowing down over the past few weeks or so since breaking the previous VEN all time high of around 9.5 cents. The recent string of doji candles, coupled with declining volume, an overbought rsi (~82), and a mac d line that might be at a local maximum have me thinking we could be in for a correction. Smaller time frame charts (like the 4 hr) show support around the 7.5 to 8 cents range, which is about 1 fib line down from out most recent swing high (and ath) on the 3 day chart. That said, do I have the guts to sell on this hypothesis? Probably not... Could be fomo, could be that I have no idea what i'm talking about haha. I'd love to hear what you guys think. I'm still long term bullish on VET, as I believe the news to lower VTHO gas fees considerably will help foster mass adoption by enterprises.
Edit: We did see a similar pattern towards the end of June last year, which was followed by a large upswing eventually testing the upper line of the parallel channel. Hopefully this is how it plays out.
VETUSDT - BREAKING OUT - LONG #VET #VETUSDT #DailyDivergenceVet Looking primed on the daily.
Hidden Bullish Daily Divergence.
Todays candle closing as a nice bullish engulfing, while also closing above resistance.
Also, a reversal pin has been printed on the daily.
This thing could fly, great fundamentals.
Stops below First support order block where we launched from.
Targeting the 161.80% Fib.
Risk to Reward: 8.95 to 1
VET possible moves?So VET has been acting exactly as we predicted...
Right now where we´re standing is a key point...
If we go down we might see a price around .07 and a bounce of the trend line.
Then we could see a short consolidation or a move up to our price around .094-96 and if we break this resistance, we might see a new ATH.
It also depends on the 20MA because it has worked as a support/resistance line many times... So watch out for that.
But of course, there is a possibility that we will break the resistance now or later this week and we could see a possible move up as well...
I mean it all depends on how the BTC will move and also if more people take money away from BTC and buy altcoins... we will see...
But in a long perspective, I am 100% bullish on VET
[35%] VET / USDTAnalyse :
- We still above the Kumo, Tenkan, Kijun
- We can see a canal in yellow
- We still above 0.786 Fib
- Target 0.122$
What Is VeChain (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.
Vechain loading up momentum Vet has been holding our 0.2 FIB level solid and i believe we will see another daily close above here. Our stoch RSI is looking good slowly coming out of the oversold zone aswell our RSI has been going sideways for a little bit now but we are seeing it sloping slightly due to recent price action. The RSI is kind of close to the overbought range, but we have been since the beginning of March without any noteable big dips. I think a lot companies and institutions and retail are starting to realize what VET is and the potential for the great technology its providing. Last the MACD is looking the same as RSI and Stoch building momentum the more accumulation. We could see a Golden cross any day now in my opinion, Not financial advice!
VeChain - Daily Chart IchimokuVeChain - This time a Ichimoku Cloud (Kumo) Daily Chart Update:
If we look at this daily chart for Vechain, we can see just how good and strong it looks.
VET is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.
The Lagging Span (Chikou Span) is indicating momentum is sideways with a slight slope downwards.
The Conversion Line (Tenkan Sen) which is the faster line is showing short-term momentum is sideways.
The Base Line (Kijun Sen) which is the slower line is angled slightly upwards confirming this sideways momentum.
VET has found strong support from its 23.6% Fibonacci Retracement level and has closed above it 4 days in a row and looks like it's about to make it 5 days in a row 👍.
VET is still well within the Bullish Zone of the Ichimoku Cloud Indicator.
VET is quite a distance away from crossing back over the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support lines, so for the foreseeable future, i cannot see VET dropping into the Equilibrium Zone let alone the Bearish Zone for this time frame unless there is a complete crypto market crash which i cannot see happening especially because this 2021 Crypto Market is completely different to the Crypto Market of 2017/18 where it was only speculation that was making cryptos rocket. Now we have DeFi, Smart Contracts and big institutional Investors interested & investing in Crypto.
VeChain is still looking absolutely fantastic especially on this daily chart. I keep saying this but it’s true, VeChain is a crypto with a client base that would make any corporate jealous with envy, it seems to have completely gone under the radar of most and i still feel it is the most criminally undervalued crypto ever, the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer! Its a good thing it hasn't broken out just yet, as its pay day in about 30mins and i want to acquire more before VET closes over the $0.1 mark 😜.
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
VET new growth channelEventhough the last few days felt as if VET was only falling down, but if we moved the line of the growth channel before the big BTC dips we can see a new growth channel is setup aligning the same angle as the previous growth channel. This seem to be the most promising prediction as we have retested the support already many time, but I also doubt to fall so far down to test another support as that would mean a big crash.
Update: Vechain(VET) looks ready for another 37% Gain to $0.11Update 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 :)
VeChain - Potential Breakout of an Ascending TriangleVeChain Update:
VeChain is in an Ascending Triangle Pattern on the 4hr chart. An Ascending Triangle Pattern has a very, very high probability of being a continuation pattern in a trend……… that’s a continuation of an UPTREND. The breakout could happen soon or the triangle could be pushed out longer for a longer period of consolidation.
Volume is low within the Ascending Triangle Pattern. We need to see increasing buyer volume on the breakout to confirm the renewed upwards direction. If the breakout is on low volume then it will be a false breakout and the price will potentially drop back within the pattern.
VET has found very strong support from its Ascending Triangle Pattern Trendline.
VET is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Upper Band and Lower Band are pinching inwards indicating volatility is still slowing.
RSI is indicating Momentum is sideways.
The ADX DI SMA is indicating that VET is still in an uptrend, but its a weak uptrend with the ADX (Yellow Line) at 14.4 below its 10 Period SMA (White Line) at 15.4. The + DI (Green Line) at 16.4 and still above its -DI (Red Line) which is at 11.9. A weak trend is to be accepted when there is a period of consolidation.
VET is pushing hard to get above its Volume Point of Control (POC) which i believe it will do after it has chipped away at the shorts. Ideally, we need to close this or the next 4hr candle above the Volume Point of Control (POC).
VeChain is looking absolutely fantastic and it looks like it is potentially poised for another breakout. VeChain is a crypto with a client base that would make any corporate jealous with envy. VeChain has completely gone under the radar of most and i feel it is still the most criminally undervalued crypto ever, but the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer!
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐