VETUSDT
Vetusdt.p long scenarioHi guys.
I think the direction of altcoins changes according to the direction of Bitcoin.
we set up a long scenario under the condition that Bitcoin's downside correction stops.
In rare cases, a symmetric triangle pattern may appear in wave 2 of Elliott.
If Bitcoin's downward correction is not over, it will rise again after checking the end of the line after breaking out of the symmetric triangle with the abc wave.
This is not a but&sell signal. good luck to you
Bottom range: 0.01840-0.02299Hello?
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(VETUSDT chart)
In conclusion, VET is currently a buy time for the mid- to long-term.
Since the 0.01840 point or less is a long-term investment area, it is recommended to proceed when it shows sideways in the 0.01840-0.02299 section in order to proceed with the purchase from a mid- to long-term perspective.
Otherwise, if you buy below 0.01840, you will have a really tough time because you never know when the price will actually rise.
For more details, check out each chart below.
(1M chart)
From a long-term perspective, it is expected that a full-fledged uptrend will begin only when it shows support around 0.02695.
(1W chart)
Since the Bollinger bands have started to contract, the question is whether it can be supported near the HA-Low indicator on the 1W chart and rise above the HA-High indicator on the 1W chart.
So, we need to see if it can get support around 0.01858 and rise around 0.02355.
(1D chart)
The key is whether it can get support around 0.01797-0.01858 and rise above 0.01958-0.02062.
Therefore, it is important to be able to sideways within the 0.01797-0.02062 interval.
In that sense, the volatility period is around August 3-17.
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Of the many indicators or lines displayed on the chart, the most important are the horizontal lines that mark points of support and resistance.
Trading is to create a trading strategy and respond to it according to how it moves on these horizontal lines.
Therefore, in order to mark the points of support and resistance, you need to look at the 1M, 1W, and 1D charts in order and mark the points of support and resistance.
This is because support and resistance points are the strongest lines drawn on the 1M chart.
Therefore, other indicators or lines are not directly related to the trading strategy as they are supported or resisted at support and resistance points and are viewed from a trend perspective.
The reason why several lines are drawn on the chart in advance is that the positions of support and resistance points may change each time you see them depending on price volatility or your own psychological state.
Since this can cause fatal problems in creating a trading strategy, support and resistance points must be marked based on objective data.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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VET ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the VET symbol.
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 waiting my targetsBINANCE:VETUSDT
Possible Targets and explanation idea
➡️Vet weekly timeframe still waiting signal close short on weekly and buy based on TradeON
➡️I think we will see drop to 0.27 zone again sweep liquidity and close monthly gaps
➡️0.009-0.007 more likely will be a bottom for Vechain
➡️Positive bounce its a 0.039 monthly gap around 0 lvl
➡️Even after this bounce I think we will see continuation to low targets
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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VET VeChain Falling Wedge Pattern Vechain (VET) currently finds itself at the end of a falling wedge pattern, which could potentially indicate a bullish reversal in the near future. This technical pattern suggests that selling pressure has been gradually decreasing, while buyers may start to regain control.
Considering this chart pattern, there is a possibility of a technical rebound for Vechain, with a potential target price of $0.022.
Looking forward to read your opinion about it!
VET LOOKS BULLISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the VET symbol.
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
VeChain (VET) Technical Analysis: A/D IndicatorIntroduction:
Greetings to all cryptocurrency enthusiasts and investors. Today, we bring our attention to VeChain (VET). As we delve into the latest technical indicators, our focus is on the Accumulation/Distribution (A/D) indicator. However, we are also keeping an eye on the TRIX indicator, which from our previous analysis, we are waiting to cross the zero line to potentially confirm a price pattern.
Accumulation/Distribution (A/D) Indicator:
The A/D indicator is a volume-based tool used by traders to identify divergences between the asset's price and volume flow. This helps to determine potential buying or selling pressure.
VeChain Analysis:
Our attention is drawn to VeChain’s A/D indicator which suggests an ongoing accumulation phase and a bullish divergence. This is a potentially positive sign, as accumulation often precedes upward price momentum. Despite VeChain's current sideways or choppy price trend, the A/D indicator shows us that a substantial number of coins are being accumulated in this range.
When we view this accumulation phase in the context of the prevailing choppy trend, it aligns perfectly with the A/D indicator’s signals. In such scenarios, the A/D line tends to increase when the security is being accumulated, even if the price movement remains relatively flat.
Conclusion:
In summary, the A/D indicator for VeChain suggests a period of accumulation which could signal an upcoming bullish phase. As we continue to monitor the TRIX indicator for a potential zero line crossing, this could provide further confirmation for our analysis.
However, it's crucial to remember that indicators should not be used in isolation, but in conjunction with other technical analysis tools and fundamental analysis. Always ensure your trading decisions align with your overall investment strategy.
Please note that this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions.
If you found this analysis insightful, please like, share, and follow for more updates. Stay tuned for more technical analysis of various cryptocurrencies.
Best regards,
Karim Subhieh
VeChain (VET) Cryptocurrency Short | Swing Trade | 20% DownsideThe Price has closed below the daily support on 8 May and has also retested the broken. support as new resistance.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
VETUSDT LONG SETUPVET broke its down trend line on weekly time frame,
Price reacted to 0.66 Fib level and based on EMA20, Major trend reversal approved.
Targets are marked on chart,
There might be a second entry as BTC pair is still going down. However, its currently facing a support level.
I will update second entry based on market momentum.
Lets See
Whether it can rise above 0.02914 is keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(VETUSDT chart)
From a long-term perspective, a full-fledged uptrend is expected to begin when the price moves above 0.04757.
To do so, the key is whether it can be supported in the 0.02236-0.02519 section and rise above 0.02914.
If not, you should check for support around 0.01875.
Therefore, the possibility of a trend forming away from the current zone, the 0.02236-0.02519 zone, is increasing.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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