VECHAIN another failed blockchainThis chart is of #VET priced in #BTC
A massively hyped supply chain project.
Another problem that didn't need solving by cryptography.
The chart has a massive head and shoulders is below a major previous low
and after this bull run, I can envisage losing more value.
#FinancialDamage
Vetusd
#VET (SPOT- Investing ) entry ( 0.01960- 0.02260). SL (0.01890)BINANCE:VETUSDT
entry range ( 0.01960- 0.02260)
Target1 (0.03499) - Target2 (0.06860) - Target3 (0.10390) - Target4 (0.14790)
SL .1D close below (0.01890)
** This coin may take long time to achieve all targets **
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET ***
#VET/USDT#VET
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.02200
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.02430
First target 0.02300
Second target 0.02362
Third target 0.02425
#VET/USDT#VET
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the ascending channel and we are now touching this support at a price of 0.02250
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.02277
First target 0.02330
Second target 0.02400
Third target 0.02457
VETUSDT 1:1 Long Setup SettingBINANCE:VETUSDT
COINBASE:VETUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.02525
0.02551
0.02581
0.02621
🔴SL:
0.02354
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
VET (VeChain): Channel DownTrade setup : Price is in a downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. Trend traders: wait for such a breakout. Swing traders can trade the channel, enter near channel support trendline and exit near channel resistance trendline of $0.27.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.02, then $0.015. Nearest Resistance Zone is $0.024, then $0.027.
Breakout or Breakdown? Prepare for a Major Move in #VETUSDTYello, Paradisers! Are you ready for what could be a game-changing move in VETUSDT? Let’s dive into the current scenario and what we can expect next.
💎#VeChain (#VETUSDT) has been trading within a descending channel on a daily timeframe. Throughout this formation, the price has consistently respected the trendlines. We anticipate a significant breakout due to the recent push #VET received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $0.024 could be pivotal. This area is packed with liquidity and could propel NYSE:VET towards a breakout.
💎If #VET can break above the descending resistance, supported by the liquidity at $0.024, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $0.0215. This could provide the necessary rally for a breakout. You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #VETUSDT could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay vigilant and ready to adapt to market movements. Remember, disciplined trading and patience are crucial for long-term success.
MyCryptoParadise
iFeel the success🌴
#VET/USDT#VET
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.02200
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.02312
The first target is 0.02750
The second target is 0.03070
The third goal is 0.03440
VET Set for Major Gains: Preparing for Alt Season SurgeVeChain (VET) is part of a blockchain platform that enhances supply chain and business processes. It improves transparency, traceability, and efficiency across various industries, including healthcare, agriculture, luxury goods, and logistics. With the VET coin serving as a transactional token, companies can ensure the authenticity and quality of their products.
Currently, VeChain shows significant potential. With a maximum circulating supply of 86.713 billion tokens, about 93.39% already in circulation, VET is poised for growth. The alt season is between Q4 2024 and Q1 or Q4 2025, during which the market is expected to see a substantial increase in volume. This period could present an excellent opportunity for VET to make significant gains.
At present, VETUSD's strong support level is at $0.02443. If this support holds, we could see a significant upward movement. However, if it breaks, the next strong support lies at $0.2028, from where a bounce is expected. We anticipate market volume to start increasing from October 2024 onwards, signaling the beginning of a bullish phase.
Based on our calculations, VET's bull run targets a minimum of $1 by Q1 2025. If VET flips the $1 resistance by Q1 2025, the maximum target could reach $11.2 by Q4 2025. Alt season often brings unexpected price surges, and we might see similar volatility this time. It's crucial to monitor the resistance zones and manage trades accordingly. We recommend exiting long positions around Q1 or Q4 2025 to capitalize on the bull run and alt season's end.
For more detailed analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you need analysis on any specific coins. We're here to provide insights and help you make informed trading decisions.
Is #VETUSDT Poised for a Major Breakout or a Steep Drop? Yello, Paradisers! Have you set your sights on #VETUSDT yet?
💎We've observed that #VeChain (VET) is testing a key resistance level $0.02686. If it manages to break above this resistance, there's a high probability of a bullish move. Recently, #VET has been following a descending resistance trajectory, and the recent break above indicates a potential upward trend. With the current bullish sentiment, if the price can sustain and the bulls remain in power, we can expect a move targeting levels above the strong resistance zone.
💎But what if #VET faces a strong rejection from the internal resistance at $0.02686 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the support level of $0.02543.
💎During this phase, many crypto noobs might immediately open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
VET - 900% Potential in the bull run, get ready now. #VET/USDT #Analysis
Description
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+ VET has reached the support trendline and price is expected to consolidate in this area.
+ Once the price reaches this are, i'm expecting it to bounce back, this gives us good opportunity for a trade with huge profit potential.
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VectorAlgo Trade Details
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Entry Price: 0.021038 - 0.025285
Stop Loss: 0.017169
------------------------------
Target 1: 0.033475
Target 2: 0.049533
Target 3: 0.060345
Target 4: 0.083920
Target 5: 0.118305
Target 6: 0.181948
Target 7: 0.246760
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Where is the end of VET correction?Warning: This is a setup for buy/long, not sell/short.
From where we put the red arrow on the chart, the VET correction has started.
It seems that the VET correction is a triangle or diametric that we are now in wave D of this correction.
Wave D looks like a diametric that we are in the final wave of this diametric.
The green range is a strong support range on which we look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#VET/USDT#VET
The price is moving in a bearish channel on a 1-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 0.0340
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.03500
The first target is 0.03579
The second target is 0.03650
The third goal is 0.03737
#VET/USDT#VET
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have bounced from a green support area at 0.0330
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 0.03400
The first target is 0.03614
The second target is 0.03700
The third goal is 0.03826
#VET\USDT#VET
The price is moving in a downward trend on a 1-hour frame.
The price is moving within it and is largely committed to it.
We have a tendency to stabilize above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and has been broken to the upside
Entry price is 0.04.5
The first target is 0.0430
The second goal is 0.04660
The third goal is 0.04980
#VET/USDT#VET
The price is moving in a bearish channel on a 4-hour frame, and the price has adhered to it to a large extent
We have a downtrend on the RSI indicator
We have a higher stability moving average 100.
Entry price: 0.0444
The first target is 0.04681
The second target is 0.05028
The third goal is 0.05451
Stopped loss is below the green support area