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VETUSD - Historical Trend line Analysis I recently posted my 100 day forecast of VET, in this I stated that VET would continue it's downtrend in no great detail. Here is a deeper analysis of why I initially thought this. Based on the facts i see. Now if you look at the one day chart over the past 211 days you will see here I have established the historical trend lines. Please note that the downtrends are marked red, sideways trend in purple and uptrends in green. It can be seen clearly that the downtrends were in the ascendancy to date. With only one real spike in an uptrend forming. The squeeze momentum and the ACC/DIST indicators also show some telling signs that this was the case. Moving onto the 4hr chart, Here we can see an uptrend developing with two troughs being developed, a third would confirm this trend. This new uptrend coming off the back of China announcing it's official involvement in Blockchain. You can also see I have set a 10 day Pivot Points Standard. With our Pivot Points indicator we can look at price action from a more systematic approach. We can see where support and resistance might lie in the market. Taking the high, low and close we have constructed a base reference point which is known as the pivot point (shown in blue), away from that you can see where the indicator has plotted on the chart levels of support and resistance away from that pivot point. As you can see there is a high probability that since the moving average price is above the pivot point, this suggests that there is a bullish look to this chart. So in hindsight, I had initially stated a short forecast for the next 100 days. But after giving it much thought, I think for now at least we should see how this uptrend develops alongside China's move into Blockchain ecosystem. Regards EWH
BINANCE:VETUSD
by elonwashere
VeChainUSD - 100 day forecastACC/DIST (-152mil 30th July '18, -5.4B today) is a strong indicator that Vechain Thor will continue it's downward trend into the near future. Also moving average against the USD is showing strong volatility. On a positive note, China's big announcement during the week that it will be delving into the blockchain world. Created a positive spike in volume for VET and moving average against the USD (+45%). Expect to see a correction as hype subsides for now (-27%). I expect sideways movement for now as VET cannot be considered a complete Crypto project as it is not completely decentralized with some centralized features. This creating many unanswered questions for traders. Current technical analysis is 6 sell, 1 Neutral and 1 Buy. Now for some speculative ifs just for fun. If China mass adopts VET - price could touch - $.03 - $.20 If VET expands further afield (EU, US). - $.35 Regards EWH
BINANCE:VETUSDShort
by elonwashere
VET downward wedge. First target + 60% After breaking through the horizontal channel that existed for about 7 months, the coin formed a downtrend that has existed for more than 3 months. A falling wedge that could become a reversal pattern. The first target on the figure + 60%. Further on the situation, the price on the pump can reach the previous support of the horizontal channel which has now become resistance. Sell in pieces at key levels. All goals are indicated on the chart. Do not be greedy. It’s better to get a little profit, but often than a lot - never! The price may go down to the designated zone (purple zone). Use Stop Loss depending on your strategy. Legend of the VeChain project. VeChain is a corporate blockchain ecosystem whose goal is to improve supply chain management by connecting blockchain technology with the real world through a “comprehensive governance structure, robust economic model, and advanced IoT integration.” VeChain allows manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and origin of products in the supply chain. Established in June 2015, VeChain positions itself as "a pioneer in real-world applications using public blockchain technology with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong and San Francisco."
Long
by SpartaBTC
3
VET might have a nice setup very soon. Low risk & high reward!Vechain is at the critical point right now where I believe if we break up above 42 Satoshi Vet will have a huge rally for upcoming months. Reasons to enter: 1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries. 2. Bullish RSI divergence on Daily. Bears are losing steam. 3. Selling volume is decreasing. 4. Great R/R for long term investment. Strategy: Wonderful Risk/Reward Ratio = Target1 -> 10.13 or Target 2 -> 14.38 or Target 3 -> 27.63 Entry: around 0.00000042 Stop loss: 0.00000034 Target 1: 0.00000123 Target 2: 0.00000158 Target 3: 0.00000262 It is better to wait for the price to break out small resistance at 42 Satoshi and then enter the long on a retest of that level. Entering right now at 39 Satoshi is a bit riskier. I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3. Please take a look at my trading idea "A relief rally for ALTS is incoming!" where I explain why I think ALTS are due for a big bounce. Trade safe!
Long
by TheDinoChart
3
Easy buy opportunityWith Tim Draper behind VETchain I still see a lot of growth coming for this chain. They are working with some pretty large investors and these guys aren't trying to get rich quick. This is an asset I can see jump back to a penny no problem. I have dropped $500 USD on this just to see where it'll take me down the road. I wont hold it for the long term but as a 6 month to 12 month trade I will take advantage of a low entry such as this zone. My entry was .004420 I have no SL since I am only investing a small amount. At its current price of .0051 you can grab close to 100k of them right now. Something I would have LOVED to have been able to do with our XRP buys lol. Unfortunately I didn't have that 2017 opportunity with XRP. But why not try with this one? Tim Draper is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, and Draper Associates. His most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring (company), Twitter, DocuSign, Coinbase, Robinhood (company), Ancestry.com, Twitch.tv, Cruise Automation, and Focus Media. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road marketplace website. Draper is a major proponent of Bitcoin and decentralization. Draper Dragon (draperdragon.com) is invested into VEChain, owned by Tim Draper. What truly caught my attention to throw some cash at this was the data processing for agicultural growth. This is the field I am building my career in. So this is what really has my money in it. I personally might make an approach to contacting this team to get more details on the roadmap for this. Here is the source: www.vechain.com You are looking at a Billion dollar market growing....would you take a chance? Tell me your thoughts on why you would or wouldn't invest or trade this asset. Thanks all! This is something I have eye'd for a few months now and just now decided to get in.
VLong
by AschraM
1
Vechain,the squishy one.BINANCE:VETUSD Hey once again. Vechain like the rest of the coins i have charted is also in a strong accumulation area. We all await to see how China reacts to these mining bans,crypto bans,etc. since VET is chinesse.Neo already has started the pump,this might be next. Vechain had a very big amount of good news,releases recently. When this train moves,it moves ultra fast,big whales behind it holding heavy bags. Buy at 0.0065$ with a SL at 0.0060 $. Watch out ,RSI in a downtrend slightly below 50 but can be switched in a moment if alts start to pump. All the best,wish you big gains :)
BINANCE:VETUSDLong
by MrDorea
1