VET/USDTesting/tracking eilliot wave theory. Please do not trade off idea without S/L, not financial advice.
Link to previous chart:
Chart is similar to Vtho.
Potential drop: 72%
Potential gain: 495%
RR: 6.79
Wave 5 target: 0.4442
To me the bottom looks like it's in, however this is crypto and anything goes. Chart is still valid if we get a drop as long as we remain above the 72% drop. We're looking for the wave (4) bottom; either it's in or we can go lower. IMO the bottom for wave 4 is in. I thought it was in long ago if you look at the previous chart. Normally wave 4 retracements are quick and aren't as long and extended as this one is.
Vetusd
VECHAIN LONGHello everyone,
Just wanted to share this idea for a ~30%+ long opportunity on VET.
Vechain has had some good momentum.
I believe we will drop down to the area below. Catch support around 0.07488.
I will be longing with HEAVY leverage. Risk it for the biscuit.
Adios.
Aiming for 0.095
Good luck.
💡Don't miss the great buy opportunity inVETUSD @vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06848).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.08002
TP2= @ 0.08815
TP3= @ 0.09610
TP4= @ 0.10308
TP5= @ 0.10834
SL= Break below S2
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💡Don't miss the great buy opportunity inVETUSD @vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06848).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.08002
TP2= @ 0.08815
TP3= @ 0.09610
TP4= @ 0.10308
TP5= @ 0.10834
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VET/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
VET is looking really good in the mid/long term. However in the short term I am kinda bearish because we have a bearish divergence in the 4H chart. BTC is also showing signs of weakness so that is a factor that can make altcoins bleed. I still believe that after we hit the support level we we will bounce. Comment what you think.
I haven't been posting lately because I am busy with IRL stuff, so I apologise for that. I don't know if I can stream tomorrow or on the next week so I am also sorry for that. I will try to be more consistent in posts next week.
VET (VeChain) Coin Analysis 28/03/2022Fundamental Analysis:
VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain had begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.
The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes.
VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others.
VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralized trust layer for multi-party ecosystems has already seen major successes with high profile clientele and government bodies.
Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivized ecosystems, automobile passports and more all greatly benefit from the digitization of trust and collaboration it enables.
VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries.
VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions.
VeChain (VET) is a Proof of Authority (PoA) token, requiring relatively low computing power to achieve network security versus a protocol such as Bitcoin. A recent CTI report showed that VeChain's annual carbon footprint is incredibly small at just 2.4% of the emissions of mining a single Bitcoin, thus making PoA an incredibly efficient consensus mechanism for securing the network.
Proof-of-authority, is a process wherein authority master node operators are selected by an independent Steering Committee, thus giving them 'authority' to run a maste rnode. This model is particularly attractive for enterprises who want assurances about the integrity and quality of validators running the network, and assurances bad actors can be ejected if needed.
VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China.
Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” enterprise/business structures that do not suffer from information corruption thanks to close working collaborations with key auditing/certification consultants such as PriceWaterhouseCoopers and DNV who verify data quality and certify industrial processes.
Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere.
Having originally begun life in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market, with reflected prestige among enterprise clients.
VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion.
VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions.
VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed.
VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens.
At the time of writing (28/03/2022) - there are 45.63 Billion tokens in circulation according to VeChainStats.
The current CoinMarketCap ranking is #35, with a live market cap of $4,748,746,013 USD. It has a circulating supply of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins.
Technical Analysis:
The Asset has been Fallen to its 85% Low of the All Time High and this is the very good sign of becoming undervalued and initiation of the Smart Money Flow which took Place. After the Reaccumulating phase got over the Asset has been Pumped to its 78.6% of the Fibonacci Retracement Level and currently is waiting for the Repumps.
There exist a Bullish divergence of Price value and MACD, which can be interpreted as the bearish Trend reversal and Start of the New Bullish Trend which eventually Initiate the New Bullish cycle.
We have defined the total of 4 Probable Price Targets with Fibonacci Trend Based Extension levels, where as the 3 TP gets its Confirmation as the 2 TP gets Triggered followed by the Price Value Correction and some Retracements.
All of the Defined Targets are having Many Confluences with different Fibonacci levels so they can act as the very Important Pivot Points.
Earlier Analysis:
VET Coin, Done on: 09/03/2021
VETUSDt buy trade running towards targetVETUSDT trade has entered in the long term buy zone where it has crossed flawlessly running towards our predicted analytical target. Let see how it it will achieved our target.
Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
VeChain (VET) Analysis 09/03/2021we are updating our Past Analysis on VeChain
as you can see the price has done its accumulation phase and now showing Hidden Bullish Divergence with MACD Histogram , which is the sign of trend continuation...
3 new Targets are Defined base on the Fibonacci Projections of the previews impulsive wave.
it may take some time to reach the 1 TP but as it gets Triggered the 2 TP is confirmed.
#VeChain #VET flipped MA Ribbon bullish after long consolidation#VeChain #VET flipped MA Ribbon bullish after long consolidation.
RSI is at strong resistance channel as a short-term correction might occur.
But this MA Ribbon flip is quite a strong bullish signal.
What do you think?
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
VET/USDT Cup & Handle Pattern Update#VET/USDT TA Update:-
$VET currently trading at $0.65
And 24% up within 3 days.
As per chart:-
- Breakout Cup & Handle Pattern
- Support is $0.44 which is Important for the Bullish trend.
- Expecting $0.123 In mid-term.
-Full Bullish Phase above $0.123
- If break Big Resistance line then expecting $1 also in Long term.
- Now keep an eye on $0.044 support level because Bull depends above this Level.
Never do Gambling always trade with Charts.
Support:- $0.044
Resistance:- $0.070/$0.123/ATH
VET IS READY TO PUMP 100%Hi guys, This is CryptoMojo, One of the most active tradingview authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
SHIB is making this big fly pattern.
Entry- $0.000022 - $0.0000223
TARGET- 45%
LEVERAGE- 5X
LEVERAGE-2x
SL- $0.0000215
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
VECHAIN - BIG Move Coming! 🤩Vechain is in a massive correction that has erased almost all of its gains during the bullrun. The lower it goes, the better it is for us to get in. Great coin to buy and hold for 2022!
We're anticipating the ABC correction to finish at the 0.88 fib and then start the next bullish wave.
Trade Idea:
- Watch for bullish price action at the 0.88 fibonacci
- Once bullish PA appears, enter with stops below the lows
- Targets: 0.17, 0.28, 0.35, 0.45
Give it a thumbs up if this helps!
VET/USDVeChain update:
As with most cryptos, downwards pressure is still dominant.
VET is still in a Descending Channel, VET broke above the Descending Channel on the 3rd of March but quickly came back down and closed back inside the Descending Channel so the Descending Channel is still valid.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that we have expansion of the Lower Bollinger Band and this expansion is for negative momentum.
VET is getting very close to its Least squares Moving Average (LSMA) indicator, a close below the LSMA will be considered a sell signal on this 1 day timeframe for this indicator.
VET is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
VET is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x daily candles that i have selected.
I have added various Support and Resistance areas s highlighted by the Horizontal Blue Line with Yellow Shading.
Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is sideways at the moment and still under the 0.0 Base Line in the Negative Zone. If the MACD Line (Blue Line) crosses back under the Signal Line (Orange Line) then that will be considered a sell signal for this indicator on this 1 day timeframe. Not that the last 3 Green Histograms have lightened and lessoned in size indication a weakening of positive momentum. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 21st Nov 2021 on this 1 day timeframe.
Looking at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Bluer Line) is still below its %D Line (Orange Line) on this 1 day timeframe. Important to note that the %K (Blue Line) still has plenty of room to drop much more before becoming Oversold on this 1 day timeframe.
Looking at the Average Directional Index (ADX DI) we can see that the trend strength is very weak with the ADX (Orange Line) under its 20 Threshold at 19.23 and still under its 9 Period EMA (Black line) which is at 21.60. Note that Positive Momentum has dropped its the +DI (Green Line) dropping to 19.26. Negative Momentum is still dominant but has dropped to 23.63.
Here is a wider look at this VET/USD 1 day chart so you can see the previous VPVR POC area:
I still think that BTC will hit $24k this year, if that is the case & if downwards pressure continues and VET breaks below its $0.0389 support then i think we will see VET hit around $0.0293 - $0.0282 as that area is VET’s previous very strong VPVR POC area.
At the moment, the Market Makers have decided that the path of least resistance to profit is still downwards, this goes for most stocks, Indices and Cryptos. As we know BTC is following the downwards momentum of the stock market and all alts are following BTC.
I closed all my crypto trades back in Dec 2021, luckily still in profit. I have only had 1 crypto trade on since which i closed at a 10% profit, that was a VTHO/USDT trade. I am positioning myself to fully be able to buy back in on my various cryptos of choice when the time arises because bear markets do not last forever.
I hope this is helpful with your trading and hodl-ing.