Vetusd
VET.USDT (Y20.P3.E2).Its about timing.v2Hi All,
VET is about to break a key level which will give it a clear path for more upward gains.
The chart shows the squeeze for a likeley upward trend that's taken some time to build, very much like BTC.
I would think in a similar fashion, it will do some good moves up.
Please give me a like or tick for this post
Regards,
S.Sari
Close up 1 hourly chart
Macro overview, key observations:
On the daily, upward pressure building shown on the Phoeix indicator
VET BullishVET bullish breakout from descending triangle. We had both a MACD and EMA cross on the 4hr chart prior to the breakout. Shorter term, like 15min and 1hr charts are less bullish. The current 4hr candle needs to close above the triangle‘s top line and our next candle will confirm the breakout. Longer term charts are extremely bullish. VET/BTC looks to have bottomed and turned up as well. We should see resistance around 0.024¢/ USD, could be a chance to reload. My current price target is around 0.031¢- 0.035¢ especially after a long consolidation. There’s a huge sell wall at 0.04¢ so expect a large rejection before continued bull run.
VET 5 cents... by the end of the year I got my chips on 5 cent vechain bigger time frame flagpole pattern playing out !
VET VECTORS & VARIABLES = V88 Versions of VET Validating the Variants of channel limits in the local Vicinity
Three ViVid channels Ventured as Vantage points
The markets are Vacillating & Vicious and they often present a Veneer
One must Venture Vigilance and Voraciousness if they are to Vie for Validation
Limiting Vulnerability whenever possible to aVoid being Vanquished
But I am being Verbose and Vainglorious
Venture forth and prosper
VET WEEKLY VISUALall trading patterns and indicators aside
VET is most probably heading for .032
after that there is a likely chance for some additional multiples
even if VET reaches .50 I would still have positions left to trade out of
anyone have a higher target for VET with some TA or FA to back it up?
VET/USDT - Possible 5 Waves Complete So this is the count I'm going with for now but there's certainly alternate counts, so if i do get a chance to short ill be keeping it small.
The real trade here is to wait and see if we can get down to my buy zone. if we do then we have a great candidate for a larger degree 1/2.
Vechain Attempting To Find Support On 4-Hour and 12-Hour Higher time-frames, 1 day and 2 day are showing negative momentum for VETUSD while 4 hour and 12 hour suggest traders are attempting to find a break. It will be a very interesting close to the week as a 40% rise still seems quite possible looking at the weekly chart structure.
However, if bitcoin decides to nose dive it could spark a significantly altcoin correction due to recent big gains.
VETBTC Reminder: I'm by no mean an expert, I'd like to share perspectives with you. See for yourself. General sentiment is a downtrend, but I do not fully agree.
Support is respected for now. Weekly RSI overextended, all time high is in sight. However this doesn't say anything, VET has some big partnerships and has a lot of potential to grow. Keep in mind the resistance, once above buy-in wouldn't be a bad idea.
VET Elliott Wave UpdateNot financial advice, please do your own research and analysis before investing. I am not a financial advisor and this is only my idea. Do not take it as financial advice.
Price targets seem a little too high when The Elliott wave formation up until now is projected and this is only if wave formation confirms the trend until now. Just an idea.
Shoutout to georgechania for their Elliott wave knowledge