VETUSDT
VETUSDTAs shown in the picture, the V-Chain factor was in a very deep correction from March 2021 to today. June 26, 2024, and then the price took off from the 0.012 levels with five very clear impulse waves. To the 0.05 levels and then. Then it made a correct triple ABC, as shown in the picture. And the fourth wave test returned, which forms a very strong support. With this currency? In light of this data, we entered the purchase of this currency from 0.02 by targeting the previous peak at 0.05, and by breaking it, the targets may extend to 0.09. From there, we may target 0.11 cents for this currency. Good luck to everyone, and if you have any questions, do not forget to leave them in the comments.
VETUSDT : VeChain Breaks Out of Descending Trendline
VeChain is currently at a critical point, showing signs of potential upward movement and a strong support base. The chart indicates a recent upward trend following a prolonged decline.
Resistances and Support:
Resistance I: Around $0.02850, where the price might face difficulties breaking through.
Resistance II: Near $0.03355.
Support: Located at $0.02037, an important level that could hold the price in case of a decline.
The Stochastic RSI shows that VET is currently in an overbought zone, which could indicate a possible short-term correction.
Fibonacci levels suggest potential areas of support and resistance. The 0.618 level at $0.04772 is particularly important for the continuation of the upward trend.
VeChain has stood out with strategic partnerships including companies like BMW, Walmart China, and major telecommunications operators such as AT&T, T-Mobile, and Verizon. These partnerships are focused on areas such as supply chain tracking, food safety, and preparation for 5G networks (Crypto News Flash).
Recently, analysts predicted significant upside potential for VET, with estimates that the price could reach $1.80 by October 2024, based on detailed Fibonacci analysis and other technical indicators. VeChain has also launched important technological products such as the VeWorld Mobile wallet and the VORJ digital asset platform, promoting the adoption of Web3 technology
VET/USDT in Weekly Timeframe.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
VET is holding decent support at the current price level. The formation of a symmetrical triangle pattern in this weekly chart shows a nice breakout and retest.
Key Observation:
~ Initial Support: $0.023.
~ Lower Support: $0.015.
~ Resistance: 50EMA at $0.0324.
~ Invalidation Point: Breakdown below $0.015.
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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 - Falling wedge - Waiting on Breakout#VET/USDT #Analysis
Description
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+ VET has formed a clear wedge pattern, and a breakout seems imminent.
+ If the price breaks out from this falling wedge pattern, we can expect a significant price increase.
+ I'll enter a trade after the breakout occurs.
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VectorAlgo Trade Details
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Entry Price: 0.03653
Stop Loss: 0.02987
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Target 1: 0.03959
Target 2: 0.04374
Target 3: 0.04893
Target 4: 0.05911
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Timeframe: 1D
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
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
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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
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
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 price update. After a successful breakout vet is still holding the green-marked zone as strong support at 0.03424 to 0.04008 for the last 9 weeks, which is a positive sign, and if it holds this support we could see a massive bullish move. As you can see in the picture it is also making a channel and While retesting the green zone it is also trading in a channel you can see it in a smaller time frame. We could take entry after it breaks out from the upper trend line of the channel.
Remember stop-loss is your friend while trading always use it while trading@everyone
#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