VeChain (VETUSDT/VETBTC) Inverse Head & Shoulders Breakout LongIm taking a long here on VETBTC pair, as a small speculative position that I hope I can build into a larger hodl position if markets start to recover. Otherwise, I will be happy to treat it as a scalp and take whatever profits the markets offer. The reason Im taking this long trade is because VETBTC broke above the neckline of the inverse head and shoulders pattern, so theres a high probability that price will continue higher, so long as Bitcoin holds steady.
VETUSDT
VECHAIN : VETBUSD COIL / SWING TRADEUSE CASES:
For Companies Interested in Carbon Reduction
VeChain's Digital Carbon Ecosystem is a ground-breaking blockchain and IoT powered carbon reduction platform which utilizes economic incentives to encourage both individual and enterprises to participate in the reduction of carbon emissions. As consumers engage in low-carbon behaviors (say, by purchasing low-carbon products), they earn a carbon reduction credit which can be redeemed for benefits from other ecosystem partners such as retailers or even financial services providers.
For Manufacturers of High-value Retail Products and FMCG
VeChain uses blockchain and Smart Tag(NFC/RFID/QR Code) to implement the traceability of retail products' entire lifecycle management. End consumers can check and verify a product's information via the VeChain Pro mobile app (or client-integrated SDK). The retail solution can also contribute to effective channel management, after-sales service, and convenient financial services such as insurance for high value goods.
For Manufacturers and Importers of Liquefied Natural Gas
The blockchain-based LNG solution can be used to keep track of the core data generated during the transportation, storage, and online-transaction of LNG. The data collected will be stored on the VeChainThor Blockchain, thus making it possible for data to be shared by the suppliers and users. The solution handles the quality assurance process including classification standards, weighing practices, and transportation process for different types of natural gas. All information will be uploaded to the VeChainThor Blockchain to establish credible industry standards per government mandates. From there, all aspects related to the data will be tracked, shared, and traded through the VeChainThor Blockchain, which will further regulate and improve the LNG market.
TRADE PLAN:
BUY ABOVE : 0.2215
STOP LOSS : 0.1840
TARGET PRICE : 0.4910
SOURCE : www.vechain.com
VIDEO REVIEW : Vechain: Why VET is SMASHING IT & What Next?!, COIN BUREAU
youtu.be
VET DAILY TRADE #25 -> Buy Setup 0.078Our last trade played out fantastically. Once BTC faltered at 40k you take profits, no need to be hodling any ALT here whilst BTC is still figuring its sugar out. Take profits and get out.
We are looking to do the same thing again, buy on the lower channel trend line.
I would like to see a wick below the channel, come back up and test. Looking for that confirmation before entering. Right now that extra confirmation is really important as each time BTC tests downwards it can potentially continue to capitulate. We don't want to have a buy order set for 0.078 only for BTC to wick downwards this time and not bounce!
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET DAILY TRADE #24 -> Possible buy setup at 0.085I'm currently tracking the following long for VET if it can come down to 0.085 and use it as support. Looking for a bounce for confirmation.
Pity I cancelled yesterdays short as it would lineup nicely with how I'm reading BTC and this VET long setup.
BTC to 35k will bring us down to the buy zone and possibly below the channel. A distinct bounce here is the dream, a break below then pop back up and retest the channel would also be pretty neat. Because of the long wick that gives us the first touch of this pattern, I wont enter this trade straight away but look for confirmation via interaction with the lower channel line.
BTC is primed to invalidate this. A retest of 35k is likely to not be a simple and clean endeavor.
**THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!!
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VeChain Daily Chart UpdateVeChain Update:
What an absolutely crazy couple of days. Remind me never to buy a Tesla.
At the moment of typing this, VeChain is still below its 50EMA on the daily chart. VET needs to eventually close a daily candle above this level and turn it into strong support.
VET is above its 200EMA.
At the moment of typing this, VET has found a support & resistance at its 100EMA. VET needs to close a daily candle above this level and turn it into strong support.
Notice that VeChain came close but never actually managed to drop & close below its Pitchfork Hagopian Line indicating that this longterm upwards Pitchfork Pattern is still valid.
At the moment of typing this, VeChain is still below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET needs to eventually close a daily candle above this level and turn it into strong support.
The Bollinger Bands Lower Band is starting to curve sideways indicating volatility is slowing.
The Price has gone back above its LSMA and has closed a daily candle above this indicator yesterday.
The Chaikin Money Flow (CMF) is indicating VET is back in the Accumulation Zone and heading sideways with the CMF Line (Green Line) at 0.02.
The Average Directional Index/Directional Movement System (ADX DI) is indicating the -DI (Red Line) is at 26.2 still above its +DI (Green Line) which is at 12.2. The ADX (Yellow Line) a 36.8 still above its 9 Period EMA (White Line) which is at 32.2 indicating a strong trend but notice the +DI is pointing upwards and the -DI is pointing downwards so we may eventually see a +DI cross back above the -DI for renewed upwards positive momentum.
Notice that the Volume is increasing and is above its Volume 20MA (Orange Line).
During the recent Crypto drop, VeChain was one of the cryptos that was hit the worst but it is now showing signs of a possible strong recovery. It’s still too early to say for certain but a good sign for the entire crypto market will be if BTC manages to close a daily candle above $40.5K which is roughly where the 200MA is on the BTC daily chart and turn that level into strong support.
It should be an interesting 2 months for VeChain with POA2.0 and possible DHL & Government carbon projects on the horizon. Also, congrats if you managed to accumulate more VET at $0.05 - $0.1 during the drop.
I hope this is helpful with your Trading or Hodl-ing.
CMF
ADX DI
VET ready to breakout!!?Vechain has recovered pretty well compared to most cryptos right now we are well above the 200 Day MA which is very positive and we are sort of getting stuck at the blue 100 day with 2 bounce offs, aswell this 100 day MA happens to be lining up perfectly with this descending channel that has formed over the past 20 days. Once we see a full break of both the descending channel and the 100 day MA i think VET will start to explode once again like we saw a little while ago! Our RSI is pointing down slightly around the oversold zone and we have lots of room to run up to that midpoint line, for a full uptrend we need a confirmed break of that 50. point! The zero lag MACD looks very bullkish with our lead heading up and a start to a confirmed flip bullish with our blue MA ontop of the Orange. Very Bullish on Vechain as a long term project too i love the tech and real world use cases they are providing and could definitely see VET as a top tier crypto project in the near future, their partners are quite impressive and big institutions are really starting to realize what Vechain can provide and bring to their businesses! Not financial advice just my opinion!
VET - 6h. Critical point for growth - the range of $0.16-0.17 Nothing is impossible. It was with this slogan that VET sellers lowered the price by 80% from the all-time high. A powerful wave of decline in the VET market tested the liquid range in which the price was trading back in February 2021. It is in the range. of $ 0,05
buyers set the previous all-time high. It was at this historical high that we took a fractal that worked perfectly in our previous idea:
Sellers managed to push the price even below our global target o f $0.07 . As a result, all the profit that investors could have earned within 3 months disappeared in one day. Of course, this is at best.
However, the sharp rebound of the VETUSDT price from the mark of $0.05 and the unsuccessful attempts of sellers to update the local minimum proved the strength of the coin. Our short-term scenario for the VET price movement is positive. We expect the price rebound to continue after the panic fall with the target of $0.16-0.17 . For a confident continuation of growth, buyers should not give up control of the mark of $0.104 . After a successful test of this mark, a good chance will open up to buy this coin with low risks. The loss of this mark will send the VET price towards the trendline and question the strength of the buyers.
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VET is going bearishDear ladies and gentlemen, as you can see the market is starting a new bearish phase that can last months before starting to climb again. I would like to share with you my idea about VET and where you should sell it despise the price you bought it for. If you sell your VET at $0.13 you can easily go and make profit as soon as the bearish starts. Please be aware that the market may go bullish once more if BTC decides to break though its resistance point (check my BTC post for more information). Before selling at $0.13 make sure to double check BTC position and to understand if there may be a reversal bullish starting from that point. The possibility for a bullish to start is really low so do not worry too much. Apart from that, as soon as you sell your VET at $0.13 you will be able to make a lot of money when the market drops. The market is going to be in an up and down phase for a while and here is where we have to farm our main coins. We want to be able to make money out of any market and not only out of a bullish market.
VETUSDT Longer term analysis VETUSDt trade corrected to -161.8% Fib and still in consolidation range in yellow zone area. Trade will move up as consolidation period will be finished. Next target will be 435% Fib ($1 level) with some kinks and pull backs. You can enter for buy position in purple supply zone or near -161.8 % Fib (0.07- 0.1 level). Technically trade will go up. For longer term investment purposes, you can hold VETUSDT for handsome profit.
VET DAILY TRADE #23 -> Sorry guys, but we short now*NOT FINANCIAL ADVICE. DO NOT TAKE MY TRADES. DO NOT TRADE ON LEVERADGE*
BTC has not look bullish to me for a while. Up to this point these trades have all been going long. If we are to continue this theme of a daily trade... we have to start going short.
This is going to come with some disclaimers now, shits about to get serious! The nature of shorts is people will be dealing with leverage! I cannot ever recommend that, nor do I EVER recommend people follow ANY trades I do here. This is purely for sport and fun.
These really aren't VET trades, they are BTC trades. We are betting that BTC comes down to 30k. If it does, this is likely where VET goes. VET is now unfortunately in a significantly bearish downtrend. It needs to do some significantly bullish things to break this.
===TRADE===
SHORT = .101 to .105
TARGET = .093
STOP = .112
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET will rock out again ... think away from the loss ✨3 bullish signs for midterm:-
1- on the weekly time frame we can see that the global trend hasn't broken yet.
2- we already corrected 82% lower from its ATH since this bull run. so what lower than this we can see ??!! A 100% low ??!
3- will reach 16 cents first all ways, if we will bullish will touch 16 n breakout n if it get worse it will get to 16 cents resistance first then will go lower.
what should be done:-
1- if u r planning to sell wait for 16 cents to get the lower loss as much as u can n sell there, however I don't prefer to sell.
2- if u r planning to buy more, buy under 10 cents is amazing price n try to buy on parts if it went lower n leave 50% to buy when we get a confirmation.
3- we will be testing this support one more time I think so a good time to buy there.
4- DONT EVER THINK ABOUT LEVERAGING OR FUTURE POSITIONS ON THE CURRENTLY SITUATION.
5- if we closed this week candle above 14 cents so we r bullish.
One more dip and then VET will rise again?Hopefully Vet will recover from the latest dip. I bought at 0.156, which looked like a fair price to me at that time, I think it still is. It is possible that Vet will dip shortly after reaching 0.155. That would be a good time to get on board. I think it will recover and it certainly has potential.