Vetusd
VECHAIN FINDING SUPPORT & CONFIRMATION OF POSITIVE TRENDsupported by the 50 MA and confirmed by the 18 MA crossover
channel tops retested = healthy positive uptrend
VeChain Price Analysis VET / USD: Three Days Of GainsVeChain / USD Short-term price analysis
VeChain has a bullish short-term bias, with the cryptocurrency holding above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a head and shoulders pattern has formed, with the VET / USD pair currently carving out a right-hand shoulder to complete the bearish pattern.
Technical indicators on the four-hour time frame have turned bullish and continue to generate buy signals.
Pattern Watch
Traders should note that the VET / USD pair will fall towards the May 2019 trading low if the head and shoulders pattern is triggered.
Relative Strength Index
The RSI indicator on the four-hour time frame has turned bullish and continues to show scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is currently bullish, with the MACD signal line issuing a buy signal.
Fundamental Analysis
VeChain has gained bullish momentum after several recent announcements. The project has successfully launched a supply chain application, which tracks the supply of milk by Chinese-based Bright Food. In addition to that, the VET token has been listed in the crypto.com wallet and VISA card, which should support its liquidity.
VeChain / USD Medium-term price analysis
VeChain has a bullish medium-term trading outlook, with the VET / USD pair still trading well above its trend defining 200-day moving average.
The daily time frame is showing that the bullish inverted head and shoulders and falling wedge pattern breakouts have now reached their upside projection.
Technical indicators on the daily time frame are mixed and are currently failing to issue a clear trading signal.
VET / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the neckline of the large inverted head and shoulders pattern is now acting as a major technical support alongside the VET / USD pair’s 200-day moving average.
Relative Strength Index
The RSI indicator on the daily time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator is neutral on the daily time frame, with the MACD indicator failing to generate a clear trading signal.
Conclusion
VeChain is attempting to post its third straight day of trading gains as bulls attempt to regain upside momentum following the recent reversal from the VET / USD pair’s all-time trading high.
Buyers now need to invalidate the bearish pattern on the four-hour time frame or the cryptocurrency could start to fall back towards 200-day moving average.
VECHAIN FOUND SUPPORT AT THE 50 DMAvechain finds support at the 50D MA
steadily increasing 18D MA lows
lots of open sky after the .013 resistance
Exciting times ahead for $VET!- Clear and consistent upward price trend since ATL
- OBV rising for past 5 months
- 200EMA was resistance, now support
- Golden Cross incoming
VETUSD Poised to Pump? - 200EMA was resistance, now providing support
- Possible 'Golden Cross' incoming (50/200EMA)
VET/USD - 4 Hour chart - Potential +50%VET/USD just completed the 4th sub-wave of the higher degree 3rd.
I'm expecting one more leg up to complete the 3rd.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
VET - WILL BULLISH MOMEMNTUM HOLD - CryptoManiac101VET / USD TA
We are looking short term bullish with longer term neutral.
Short term traders should keep an eye for breakout or rejection off resistance. If we see break, expect further move upward towards general target. If we do not break resistance and break down parabolic curve, we will see downtrend followed by sideways action.
VET/BTC Long Buy: 125-129
Tp1: 141 (10%)
Tp2: 157 (24%)
Tp3: 173 (36%)
Tp4: 193 (54%)
StopLoss: 119 (-5%)
R/R: 1:2
GoodLuck.
VET going for that E2E move! Targetting the top of the cloud for an E2E move after regaining cloud support a few days ago!
Thanks guys!
VETBTC Breakout and SignalVETBTC has had an interesting price breakout from its bottom. We expect a follow on movement with a short term potential gain of 29% (targets 1 and 2). This scenario is invalid if the price drops back to pre-breakout levels so this gives us a natural place for our stoploss.
Buy: 130 - 133
Target 1: 156
Target 2: 172
Target 3: 191
Target 4: 217
Target 5: 245
Stoploss: 116
VeChain/ BTC It has have been accumulating in this tight range since late November. PA has held nicely above the 55EMA & 100MA the last few days. It has broken down-trending channel for few days now, expecting some bullish price action. Obviously BTC has to play nice. Idea is for a swing trade.
