VETUSD Daily
VECHAIN USD DAILY
Vechain is exhausted, Been on the downside with low demand and decreased upside potential ever since the rejection from the upthrust move. Another leg down is possible but i expect it to gain back the momentum to the upside.. Potential Spring and mid term price target in sight!
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Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Vetusd
VETUSDT: Looking for one more leg down before a move higherMy 0.0143 level broke down shortly after my last post. Strong sell-offs like that "deserve" at least one more leg down to retest lows. Right now the market is finding some support at 0.012. If this level holds on a daily closing basis, we might see a bit of a rally and then another push down to re-test 0.012 before deciding either to go higher to re-test the resistance trendline or go lower to re-test 0.01.
Note that the weekly close above 0.0143 is still a relevant bullish signal (for me) and it will take a weekly close below 0.0143 before I consider that signal invalidated. One key thing for the bulls is to break that resistance trendline, with a continued failure to do so signaling more consolidation (likely more sideways to down price action).
Also Note: I am bullish on Vechain for the long term (2+ years).
VET/BTC (Retesting Previous Resistance Area)BINANCE: VETBTC
-VeChain is back at the previous key resistance area before the strong pump last July
-It is traveling inside a Bullish descending channel from the Top price
-Also, retesting the recent support last 1st week of September
-This can be a potential Double bottom reversal if we can confirm an upside breakout
-Until this channel remains valid, I recommend to patiently wait and observe the market
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Please Exercise Risk Management
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VETUSD - very BULLISH long off possible corrective bounceSince my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4.
Keep an eye on 0.015 levels, we could have one more shakeout and a re-test to 0.01. I'll post another idea if price hits 0.019 to see if our past target of 0.044 is still possible.
Short term TP levels are 0.0155 - 0.0.19.
Remember trade what you see and not what you think. Always look at price action and if you don't feel comfortable get out.
NOT a financial advisor, trade at your own risk.
Vechain in a consolidation mode It's been volatily week for the crypto market. But in this post I will focus on Vechain. As you can see VeChain have tried to continou with the uptrend twice and both time failed to break 0.022 ++ level.
Correlation between BTC and VET has increased signficantly in the last week. The correlation is reaching 1, that's mean the short term development in price will be the same as bitcoin, at least a good indication.
0,0138 and 0.011 are areas to look for, break under 0.011 can be very bearish, and break above 0,0138 will give room for further increment.
many closing sessions under or above these price levels should be monitored closely.
Regarding Vechains fundamentalt, the company is partnering with many big brands every week, but still the use have not reached any noticable level.
Remember; many companies or coin/crpto can perform or solve many of the same problems we are facing in this modern world, and today it can look like Vechain is the best bet, but that's never for sure.
Vechain have very much competitions! same as everyone. So choose your crypto carefully!
September can be a good month to accumulate some of your favorite crypto/token/coin or stocks.
Good luck!
VET/BTC (0.618 Fib Strong Support?)BINANCE: VETBTC
-VeChain tested the 0.618 Fib level and we saw a good bounce
-The 109 sat area is a confluence of previous support turned resistance
-If VET pulls back to retest the key support area and bounce strong
-We wait for the trendline resistance breakout to confirm trend reversal in the short term
-The upside potential target is up to 198 sat and the ideal stop loss is below 108 sat
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Supply chain resiliency through VeChain, SimplifiedFA,
- BaaS that has supply chain management solutions. Brings IoT and blockchain together to understand supply chain better.
- E-tags on goods to be tracked. Transparent and immutable.
- POA : proof of authority.Not fully decentralized but scalable.
- VTHO earned through staking VET. VTHO are lower level tokens used to pay for transactions
- 70% of VTHO paid in each transaction is destroyed and the 30% is awarded to authority masternode operator(AMO). This results in a natural supply constraint. With added usage, more VTHO is required with a suppressed supply. Bear in mind that the only way that VTHO is generated is through staking VET. This pushes up demand for VET. Hence, the value of VET is directly related to the amount of activity taken place in the blockchain.
- Battle against counterfeit through e-tags/ Build more trust with end consumer / Ensure product quality through the value chain.
- Capped supply of $87Bn. Scarcity = Value? Econ 101.
- Authority nodes need 25Mn minimum VET. Currently there's 101 masternodes. Total of 2.5Bn locked up that are off the float. Economic(4.5bn) and Economic X nodes(11.2bn) with other minimum holdings and lower voting power than authority nodes need to have VET locked up to maintain their voting power. 25% of VET locked up. Those who hold VET also have a direct incentive to accelerate adoption.
- Great partnerships : PwC, LVMH, H&M, Most of the insiders have previously worked in PwC and LVMH
My take,
As a quality engineer, I have seen how frustrating it is to track part details including quality reports, previous inspection records, reported issues, revisions, rework, etc. Most times, way too much time is wasted on tracking back to the root cause than actually solving the problem and mitigating it in the future.
Writing down serial codes manually and storing them is highly inefficient. Instead, scanning them in each station to update with latest information will enhance productivity.
Not only will this make manufacturing easier, it will also be more credible when the final product is presented to potential customers. There's no second guessing or any room for doubt when all the details of individual components are recorded with 100% accuracy. Quality wins.
Recently, I have focused on spending more time on research on companies that solve a real problem and save enormous amounts of times for its users. Google, Facebook, Amazon and Apple have aced this concept which is justified by their trillion dollar market capitalizations.
VET is more of a pick and shovel play that supports big organizations to improve both their supply chain efficiency and resiliency.
TA,
- MACD golden cross
-200ema Bounce
- Lower bollinger band
- Holding long term weekly support
- Could be a shakeout and forming a base. Better to wait for confirmation but we all know that when crypto confirms, it's already run up 100%.
Concerns,
- High volume on red days. 3rd september, 5th september
- Great concept but everything depends on adoption and execution.
Entry : Market 0.0132
Short term TP1 : 0.0148 (+12%)
TP2: 0.017 (+31%)
SL:0.0106
Credit where its due,
Follow Coin Bureau on Youtube to keep up with crypto.
VET THE CASE FOR BULLISH AFahh the old inverted head and shoulders - confirmation needed
still vet is basking in bullish divergence everywhere
200 MA lows/highs channel rising up to support
long term resistance also available as a safety
and rising channel bottom
the market loves to wreck my lines, charts, shapes, assertions
GIVE IT YOUR BEST CRYPTO BEARS!!!
I can not find a reason to be bearish here
especially not here
not financial advice
VET HAS PLACES TO GOvet has respected this channel and the median line for quite a while
testing resistance and support at .008 before checking in at the channel mid point
where to next?
VeChain (VET) - September 9Hello?
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.
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Make sure you can get support in the 0.010999-0.011610 section
If it falls from 0.010999, it is possible to touch the uptrend line (4) below 0.0089.
You should check if you are off the downtrend line (5) around September 23.
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** 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 generating profit 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 must trade from a short-term investment perspective.)
VeChain in a Bull flag!Today has altcoins are seeing a correction upwards, and it is a good time to get into an alt that doesn't seen a move and it's about to, like a VeChain!
Currently in a bullish flag.
Enter in the bull flag
TP1 6% 0.013080
TP2 16 % 0.014080
Leave below 0.012120.
Good luck with this trade!
VET / BTC Triangle. Work in a trend. Past idea + 435%VET / BTC past idea + 425% without margin and leverage. The last idea of 2019 + 200%. The pair against the dollar +30% +50%+ 600%. I fully accompanied the price from the very inception of the trend, as I myself actively participated in the trading. You can see it in the updates under the previous trading idea. The entry point was given a few days before the inception of an uptrend at the lowest price. The coin has acceptable liquidity and there is a margin, which allows working in two directions. I have been trading the coin since August 13 ( 8 ) 2019.
Past trading idea for this pair:
VET / BTC Potential double bottom. Previous idea more than + 200% Published May 23
Result + 425% from the entry point. In the trading idea itself, see in more detail how I followed the price in the trend.
Pair to dollar
VET / USDT Symmetrical triangle. The Dragon is forming. + 60-300% ... Published Jan 19
The result of the work. + 30% + 50% + 600%
+ 30% false breakout of the downtrend line.
+ 50% short work in the specified area.
Then the removal of the stop loss by the faith of the zombie traders below the support zone and a set of liquidity. We knocked out even the most inadequate stop loss size. The trend reversal took place without passengers. Use Stop-Loss "gentlemen", let's gain positions with a minimum step and discounts). TA books are sacred))).
Then, the development of an uptrend and the embodiment of the specified pattern on the chart. From the specified price reversal zone + 600%. 1318
The situation is now on the pair VET/BTC
BTC clone situation winter-early spring. To understand what could happen, look at my trading idea with this formation that formed on BTC which I published 1 year and 2 months ago. On such coins, the process simply goes faster.
BTC possible formation of a global triangle. Alto pump at the end of the formation. Jun 28, 2019
8 months later
Then watch this BTC/USD work / learning idea published in February 2020 already the year this global formation practically formed. Also in the video I talked about how to work and what will happen.
TRAINING / work Trading on trends and important areas using the example of Bitcoin. 15 february 2020
On the VET/BTC pair, a symmetrical triangle-like formation with a 160% base is currently forming in a secondary trend. The price is clamped. Work towards the breakout of the formation. Be aware of the possibility of a false breakout.
1318
VETBTClets see if vet can hold support and breakout then retest the falling channel pattern to tap the level of supply above us !
VeChain (VET) - September 2Hello?
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.
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We must see if we can ascend above the 0.017381 point.
If you get support at the 0.017381 point, you can expect further gains.
It's always a good idea to check your support at the 0.017381 point.
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The volatility period I mentioned yesterday seems to have changed due to the gap in USDT dominance.
Volatility was expected around September 4 (September 3-5) as seen in the XBTUSD chart, but this also appears to have changed.
However, I think it is necessary to carefully check the BTC price flow.
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** 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 generating profit 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 must trade from a short-term investment perspective.)