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Vetusd

VET/USD High odds reversion to the mean, LONG, BULLISH There is a high probability ' reversion to the mean ' trade in play (Pitchfork median line). The ideal entry was the 0.618 retracement however there is still a 1:1 Risk: Reward trade from here. Usually I prefer a 1:3 R:R however this trade has an 80% probability of playing out. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to be in a wave 3 with the target for this wave being +157%. I see massive long term growth potential in this project. As a result of my conviction, I will be cautious of taking too much off the table at these targets. I believe VET is a long term hold. What kind of trade is this? High time frame swing trade Low time frame reversion to the mean. Long term hold. Looking at the Macro environment, what is the trend? LONG. Bullish . Pending US Election results may still cause short term volatility . Long term elections have little impact on the market DJI & NDAQ recently made new ATH's. Trending higher but monitor this closely Gold & Silver has been on a beautiful run but now correcting. Looking for continuation at key levels Vaccine with 90% success has been found for Covid19 More stimulus expected soon Sector leaders Bitcoin and Ethereum been trading in a positive direction with higher highs and higher lows since the bottom in March of this year. What are the key points to be taken from the VET Macro Technical analysis? Broke through long term resistance in Jun & re-tested the Support through Oct- Nov Potential to form a Massive cup & handle Pattern Order block has been tested Golden pocket has been tested Long term resistance has broken and turned into Support This recent test is a higher low Appears to be in wave 3 of an Elliott wave count. What are the key levels For VET? Reversion to the mean This trade has an 80% potential for a 25-35 % profit. The longer it takes to play out the higher the potential profit. If this trade takes 3 weeks to play out the target will be in in confluence with the cup and handle formation target at 0.02325 Entry: anywhere here (~.017) Target (median line of pitchfork) currently at 0.021619. Stop: 0.01185 R:R 1:1 Elliott wave 3rd wave & Cup & handle The target for the 3rd wave is in confluence with the target for the cup and handle and has a potential for 157% profit. Entry: anywhere here (~.017) Target: 0.0439 Stop: 0.01185 R:R 1:5 The following are assuming the 3rd wave ends in the high probability zone 4th wave entry: 0.0305 5th wave target: 0.0522 Are there any news catalysts? Yes. Bullish. Too many to list. VET is an absolute beast and is severely undervalued IMO. National level partnerships with the Chinese Gov. Over 100 partnerships with fortune 500 companies I am unaware of any other project in this sector with as many high level partnerships as VET. (If you know of one please let me know in the comments below) Considering the points mentioned above has allowed me to set a LONG ONLY bias. This means until circumstances and the trend change, I will ONLY be looking for entries to trade VET LONG. (The trend is your friend) What is my trading plan moving forward? Look for LONG entries on the lower time frames for short & medium term swing trades Wait for larger pullbacks and retests on high timeframes to build larger LONG positions with the intentions of holding for much higher targets. Continue with this strategy until a 'reason2sell' is present, for this trade that will be; Break of the 0.618 of the most recent swing or my targets are met. Note; I hold core positions in VET with no stops. I see those positions as long term investments and this forms part of my long term strategy. I would need to see significant change in the Fundamentals to alter this strategy. Cup & handle, Golden zone, S/R flip, Order block, MACD crossing bullish: Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
BINANCE:VETUSDLong
by TribeWriter666
24
VET/BTC (Vechain) the buyers still on show VET / BTC 🌟 Techincal Analysis 🌟 I still very bullish long term on this satoshi coin along with some few others The buyers show strength since 2 weeks after breaking 5 months gaint falling wedge and we can see bullflag also on daily frame On weekly frame chart is more impressive I Remind you that we already bought VET(Vechain) early around 7x sat see here my previous idea : 🚨 Invalidation : As you know this market is wild and we can change our view based on price action Change If VET closed by weekly candel below 85 sat (0.786 fib level )then the bears can start to enter strong again 🌟 This is not financial advice Please have a plan before trading and use stoploss Good luck and happy trading 🌹
Long
by Babenski
1
VeChain (VET) - December 3Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We need to see if we can break above the downtrend line (2) and get support at 0.017119. If you break through the downtrend line (2), you are more likely to touch the downtrend line (3). However, if you fail to break above the downtrend line (2), you may fall below the 0.013970 point, so you need to trade carefully. -------------------------------------------------- ------------------------------------------- ** 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 trading. You should trade from a short-term investment perspective.)
by readCrypto
3
Long term Vet predictionHello, As you can see VET broke out of a downtrend. It will take some time to go up again to levels where he was before. First of all I want to show the uptrend that is going on. Trendline straight up. ALso the EMA is showing some positive sings. A: most likely it will go this path (no financial advice). B: if A doesn't work out immediately and it receives some resistance it will bounce a little in this area and then break out. C: total rejection and it will go to lower resistance lines again D: bullrun scenario when BTC goes down and Altcoins will boom. All indicators show VET will rise long term. But besides that there are many other reasons. VET has a lot of big plans going on in 2021 and 2020 was also a beautiful year for them. My personal outcome for VET in bullrun after BTC dominance goes down: it will get to 0.4$, possible to max 1$. Why not +1$? calculate yourself, supply x price = market cap from +1T, is impossible. Feel free to comment, add or question. These are also my first releases on tradingview and I'm still learning a lot. Thanks for reading and please leave a comment/your view about VET!
VLong
by lolski006
10
VET BULLISH (70%+ GAIN)BITFINEX:VETUSD Looking at VET we've recovered nicely from the previous bearish cycle (shown with the purple channel). The orange circle is showing the EMA20 crossing over the EMA50 which we know is the beginning of a bullish period. The awesome oscillator shows a steep rise in market momentum as price increased, however be wary of the current red lines. If those continue getting shorter it'll confirm the pull back and a drop can be anticipated to around $0.012 (this would likely also be confirmed with the EMA50 crossing back over EMA20). Although, if those lines stay tall or turn green we can anticipate a another big jump. My price prediction is currently at $0.0245.
VLong
by mattforutan
VET 12h What surprise is the project preparing for us?VET buyers have become very active in the last two weeks. In fact, either sellers at the last moment, or the BTC fall managed to stop the VET growth at a critical level. Above $0,0188-0,019 begins the territory of full ownership and control of buyers. It will be interesting to observe the manner in which the VET price falls over the next few weeks. And if the entire fall stops at $0,0105 , then it will be possible to think of a super bullish future for the coin. But more about it in the following ideas. Therefore, like and write a comment so as not to miss all the fun)
by P_S_trade
2
#VETUSD Long Term Hold Idea!VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). - #VETUSD has retested previous resistance and it now stands as support! - Looking for VET a potential 1000% gains! 💠Keep Contemplating Crypto! 💠Check Out The Crypto Collective For More Signals & Set-Ups!💠 💠Like, Comment and Follow Us for More!
VLong
by contemplatingcrypto
5
VETUSD bottom is near or bottom is here? Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another attempt at 0.012 and maybe higher. To achieve that we need a daily/weekly close above that descending resistance trendline marking a potential wedge bottom structure.
by thedailychartist