VETUSDT
⭕VETUSD : It did we predict again and..
Click the pic to read last post and detail.
It hesitated after hit TP1 and break out again now, so we modify SL to 0.1511.
Remember take some profit and give it more time !
✅TP1:0.1478
✅TP2:0.1606
✅TP3:0.1658
TP4:0.1714
TP5:0.1770
🔴🆕TP6 : 0.1950
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🦚VET- parallel channel(weekly)-- Zoomed out(weekly) view:
The price has been moving in a parallel channel for over 600 days. Just recently the price broke above the area of heavy resistance(red) and is now testing it as a support. If buyers manage to hold this level, we can expect the price to keep climbing new levels. Please remember, that if BTC is going to resume its run (and it looks like it is) most altcoins will either dump or go into standby mode.
Entry: buy at current price(0.156) down to 0.148
Targets:
TP1: 0.1853
TP2: 0.2465
TP3: 0.2809 (~90%)
+ use the dynamic resistance(green) and top of the channel as potential targets
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About VET:
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Source: coinmarketcap
Weekly Watchlist 07 November [Crypto]In this video I break down my watchlist of 19 altcoins that I think show the most potential into this week. Ethereum and Bitcoin also appear bullish to me, so I see the entire cryptospace as bullish right now. Please note that this is not financial advice. Good Luck!
My Watchlist:
www.tradingview.com
Bullish on #VET with potential target above $0.167Bullish on #VET with a potential target above $0.167
Ichimoku is bullish:
1. Chiku is above price. Bullish.
2. Price is above tenkan (red line) and kijun (blue line). Bullish.
3. Tenkan is above kijun . Bullish.
4. Price is trying to an e2e meaning price likely will cross through the other edge of the cloud
5. A green Kumo cross incoming at the end of the cloud
Aladdin is bullish
Profitability Rate: Around 88% using data from 2020 till today (8th Aug 2021)
VET - then nowLooking at the VET daily chart I’ve circled two areas for discussion. The circled area on the left dates from around mid Feb/21 to mid Apr/21, about a one month time span. The circled area on the right dates from Sep/21 to Dec/21, about a four month time span.
I used similar percent gains and time bars from the left area to replicate the scenario on the right area. So within the next week or so I believe VET will have a 88% gain, level off around .30 then have a 165% gain before the New Year, maybe even Christmas.
Having a look at what BTC was doing during these two timeframes. During the Feb/Mar 21 timeframe of the area on the left, when VET made an 88% gain, BTC was shooting to a new ATH. It then hovered around the ATH area while VET made a 165% gain during that alt coin season. If a similar scenario is to be played out, BTC must run up to an ATH of approximately 100K and hang out there for a while so Alt’s can have their run before Christmas.
My thoughts, not advice Oklah. Cheers
VET/USD ChartVET has been really interesting right now, with patterns similar to the first half of 2021. I did a VET analysis a few weeks ago when the coin broke the 0.10$ resistance, and I talked about a bullish scenario. After BTC rally to new ATH seems that altcoins are consolidating and starting to pump. VET has never been a coin that I would hold for years to make big gains in my portfolio, but for now the charts look very promising. Vechain also announced a launch of their own DEX, and a yield farm token called VEX. This is great news for every investor since the ecosystem is expanding fast. For me this is also very bullish because when Axie Infinity announced a DEX launch the price of their coin increased a lot.What are your thought about this? If you like my idea and follow me it would help a lot, and I would aprecciate if you could comment and discusss my idea.
Thanks!
$VET Ascending Triangle - Breakout Soon$VET is currently in an uptrend on the daily timeframe and approaching resistance at $0.155 cents.
VeChain is in an ascending triangle which is a bullish chart pattern.
I am LONG expecting $VET to breakout of this resistance and flip it into support before continuing towards ATH of $0.28 cents.
Should this pattern breakdown $VET will look for support at $0.12 with deeper support at $0.10
What next for VET?The four-hour chart shows that the VeChain price has been in a relatively steady bullish trend in the past few weeks. The coin has risen by about 81% from its lowest level in September. It is now approaching its key resistance level, which was also the highest level in September. At the same time, the coin has moved above the 25-day and 50-day moving averages.
Therefore, in my view, the outlook of the VET price is a bit neutral at the current level. A bullish breakout will be confirmed if the price manages to move above the resistance at $0.1570.
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