VECHAINHello mates, Vechain price analysis shows a strong uptrend in the last 24 hours. The price is approaching the resistance of $ 0.061 with its upward movement. Although the market direction is declining, this coin is growing. Today, the price has decreased slightly, and its trading volume has exceeded $ 243599616. This digital currency is in the 41st position among the top 100 coins, and its market value is 3861240184 dollars.
In daily timeframes, the market is squeezing as volatility has decreased. This means that the probability of price change is directly related to the direction of fluctuation. Less volatility means a lower probability of price change in either direction.
The Bollinger Bands are at $ 0.067 as the strongest resistance, and the Bottom Bands are at $ 0.048 as the strongest support.
The price of Vichin has reached below the moving average, which shows a downward trend. In addition, the price is moving upwards, which indicates the possibility of a bullish momentum recovery.
The RSI is at level 47, which indicates market stability. The downward movement of this indicator indicates a gradual decline in the market and the oversupply of sales activities over the number of purchases.
Conclusion:
Price analysis shows that this digital currency has momentum downtrends and uptrends. Although the bears have gained relative control, buyers have shown positive signs, and the situation is likely to change.
VETUSDT
VET/USDT 2 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
VET/USDT broker out the bullish falling wedge pattern and retesting it.
Entry: CMP and upside the 21 ma
Targets 20% TO 25%
Stop Loss: $0.053
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
VETUSDT - RISK/REWARD 1:10 - GOOD ENTRYVETUSDT is giving good entry for a potential bullish continuation of the market, however :
1.We need a confirmation on the current uptrend to validate
2.The Fibo level of 23.60 must hold
You can enter the market with 25-30% of your normal position before confirmation, but keep your SL below 0.10$
Will keep this updated!
Potential long VETUSDTTop down analysis:
W: Looking at the weekly we see VET touched a strong support zone and rebounded nicely. Yet we are still in a long-term downtrend on VET so enter trade with caution. (red lines)
D: Zooming in on the daily we can see VET had some consolidation near the support zone and broke out of the channel. When drawing a FIB retracement on the previous leg up we can see that there is confluence between the support zone and the 0.236 level.
H1: This brings me to this trade. Right now on the 1H, we can see a double bottom forming right on the above-mentioned support zone and FIB level.
Entry:
I would first like to either see a new range of consolidation forming and tracking it for a break-out. if this does not happen I will be looking at forming HL & HH. I will update this post when the time comes.
If you appreciate my analysis a like or follow would mean the world to me.
VECHAIN , Falling Wedge ✅All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #VETUSDT ( Vechain )
💹 Time Frame : Weekly
👤 Saeid.Mahbob
📅 10.Feb.22
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Insane VeChain Bull Flag in Formation!Hey Traders,
This may be my most important trade yet! According to the Weekly chart of VETUSD, the price action has formed a bull flag (attached image URL). The breakout target out of this pattern is approximately 1.1-1.2 USD. In the rare case this does break down the target would be 0.007 USD (In this case we could open a short).
VeChain (VET) is a very revolutionary blockchain product, its utility is very unique compared to other Cryptocurrency Projects. The various amounts of things VeChain could be used to track for supply are infinite, not to mention it could also partner up with things like oracles AKA Chainlink to make it more efficient and data rich.
I hope this helped,
-Pulkanator
VETUSDT TECHNICAL ANALYSISThe candles break out down trendline and one candle open-close above to down trendline. Also, MA changed to direction as well. Not only that, we have received multiple buy signals from @EngineeringRobo as well and Candle is staying above to support line as well. If market not get any correction in short time, we may earn approximately 46%. Let's follow our analysis together and do not forget the follow me.
"NFA"
VET/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
VET/USDT breaks out this channel and already retested it and lying on 200MA.
Entry: CMP
Targets: 30%TO 40%
Stop Loss: $0.0612
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
VET/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
VET/USDT is making a bullish symmetrical triangle pattern.
Entry: CMP
Targets: 20%TO 28%
Stop Loss: $0.0497
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
VETUSDT Wave Analysis (GLOBAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍 (If you liked).Thank you!
Everything on the chart.
Globally we're in double zigzag (wxy) wave of (4).
Waiting for an upward movement either from the current price, or through a small update of the last low (will depend on #BTC).
Entry: market and lower
MAIN TARGET ZONE AT THE END OF BULL RUN: 0.3-0.4$
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of growth,consolidation below ~0.022$
Risk is justified.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
$VETUSD DBL Bottom$VETUSD entry PTs .001435-.008609 Target PTs .7628-1 and higher (Buy on 10/10/2022)
Possibly .00143582 to .75 Returns 522X Possible returns +19,561% to +52,134%
Prior run .00143582 to .2823 Returns was 196X +19,561%
Sequence 5; 1 bar .00541018 X 6
Sequence 9; 6 bars .00541018 X 6 = .032
Sequence 4; 8 bars .032 X 8 = .2596
VeChain Coin Price & Market Data
VeChain price today is $0.060368 with a 24-hour trading volume of $271,235,528. VET price is up 3.2% in the last 24 hours. It has a circulating supply of 67 Billion VET coins and a total supply of 86.7 Billion. If you are looking to buy or sell VeChain, HitBTC is currently the most active exchange.
What is Vechain?
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. VeChain plans to achieve this secure supply chain management ecosystem via the method of asset digitization. VeChain enables manufactures to assign products with unique identities to the platform. This will allow manufacturers, supply chain partners, and even consumers, to track the movement of products through their supply chain.
Vechain Foundation
There is also the VeChain Foundation. The Vechain Foundation is a non - profit entity established in Singapore in July 2017 and is responsible for the construction of the network, and technological research and development. The Foundation also plays an important role in business development. The Foundation encourages and supports partnerships with enterprises that may be interested in utilizing blockchain technology as a service. This includes payment services, private key management, smart contract development, and wallet development. There is no doubt that blockchain technology can be an important innovation to supply chain management. With a growing list of business partnerships and technological developments, VeChain is positioning itself to be THE disruptive, and innovative force that reshapes the way we think about supply chain management.
VeChain team
Sunny Lu is the CEO of the VeChain Foundation and has already become an important figure in the blockchain space. Before he established VeChain, he co-founded the Chinese Internet start-up which developed Qtum, a very important digital asset in the crypto space. He was previously the CIO and COO of Louis Vuitton China.The team behind VeChain consists of over 90+ employees, most of them being developers. Chief Technology Officer, Gu Jianliang, has over 18 years of experience in areas such as mobile devices and the IoT field, and has created over a 100 patents in several technological fields. Kevin Feng serves as the Chief Operations Officer of the VeChain Foundation. Feng has been actively involved in many technology projects in his 12 years working for VeChain’s partner, PWC, as a consultant and assurance advisor.
VET/USDT channel strategy potential longAnalysis:
1. Weekly indicates a strong support/resistance area for VET right now
2. Zooming in on the daily the support/resistance zone is also clearly visible with a consolidating price action the last few days
3. Zooming in on the 4H and using the Bollinger Bands we can see a squeeze and a narrower Bollinger band. (an indication that price will become more volatile in the future)
4. Zooming in on the 1H we can draw a nice range in which the price has been moving the last 13 days, with one visible fake-out below the channel
5. right now 4th of Feb volume increased drastically on the 1h and price touched the resistance area.
6. I am drawing a FIB resistance on the current move and looking for an entry between the 0,5 and 0,618 levels as this seems like a fair price
7. There is a significant risk in this trade since the prices moves in a channel for the last couple of days therefore scaling in is recommended
Approach:
> for ease let's say we want to invest $100 in total
> If the price reaches the FIb levels as mentioned in step 6, place a buy order of $50 (SL below the 0,236 FIB level)
> If the price breaks out of the channel on the upside wait for a retest on resistance and buy-in with the other $50.
> SL below previous high after breakout channel
> TP 1 0,058
> TP 2 0,063
*as always DIY and not financial advice :)