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Vechain (VET) | 92%+ Potential Profits | FREE TRADING SIGNALAxsonex Vechain (VET) Analysis Please see the video attached for our analysis on VET/BTC. Entry zone & targets are on the chart. To make sure you don't miss out on any free signals, follow us on TradingView by clicking on our profile and then clicking the green 'Follow' button. If you liked this analysis, hit that thumbs up! Have a good day, Axsonex Team ------------------------------------------ DISCLAIMER: Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due-diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
by Axsonex
VeChain - Bullish Reversal Activated?Vechain is looking quite interesting here as it's already breaking out from the smaller falling wedge pattern and both indicators (MACD & RSI) agrees on the bullish divergence. A bullish divergence is considered as a reversal pattern and often forms at the bottoms of markets. This is likely to lead for direction change for the trend as it bounced rather strongly from the 0.786 fibonacci level where the previous support level is also located at. We posted trading signal for this market with profit & stop-loss targets in our free telegram channel. It has already yielded +3.00% profit. (Signal was posted in February 6th). Resistance The price has already reached the next resistance area which is formed by 0.003796 resistance level and MA50. TIP: When a market is showing a large green candle it may not be the best time to buy unless you have a good strategy for it. Pull backs tends to give more trading opportunities with lesser risks. However if you are considering buying against a large green candle then volume should be monitored to confirm strength of the breakout and bulls. Rejection likely to lead to test the previous support levels. What if the price starts breaking out from the resistance zone? There are two strategies that can be used with breakout. 1) You can buy the breakout itself (with confirmed signals) 2) or retest of the breakout level. The larger picture & Conclusion As long as the price of Vechain keeps moving inside of the bigger symmetrical triangle then there's going to be plenty of new trading opportunities to watch for. We believe that the price is going to consolidated towards the apex before moving further upwards. So keep in mind that finding optimal accumulating levels requires patience and planning before hand. A successful break out can lead the market towards the next resistance level and which should act as the next target level for profit taking. This level can be found next to 0.618 fibonacci level, MA100, MA200 and Diagonal resistance of the falling wedge (big). If you come up with any questions feel free to ask! DISCLAIMER: Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything. Yarr
by yarr
VET (VeChain)Throughout December VET showed the ability to climb back up after hitting the support at about $0.00393, so the current movement down shouldn't be much of a warning sign. The project made numerous partnerships in the past with various projects looking to utilize the VeChainThor blockchain technology and upgrade their business practices. Recently a dApp developed by VET has been officially adopted by three leading wine producing companies in Italy. In 2019, VeChain wants to make the technological components they’ve been building available to both enterprises and individual developers. Taking it all into account, the coin should see an upward movement when the market gets a bit greener and less shaky.
BINANCE:VETUSD
by JamBirrt