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VETUSDT

5 Weeks of Unwavering Support for VeChain (VETUSDT)💎Turning our focus to the #VETUSDT weekly chart, it becomes evident that recent price movements have piqued our interest. Over the past year, #VET has maintained a tight range, primarily hovering around the $0.015 support area. During this extended period, it has formed what appears to be a compelling triple bottom pattern, and the most recent bounce off this crucial demand zone has occurred consistently over the past five weeks. This remarkable resilience suggests strong defense by the bulls and amplifies the potential for an imminent upside breakout. 💎As we delve deeper into the chart, we note that #VET has now approached a long-term downtrend trendline. Intriguingly, this trendline, when combined with recent price action, forms a triangle pattern—a classic signal of impending volatility. Maintaining a cautious yet optimistic stance, we keep a close eye on the current support area, anticipating a potential breakout above the downtrend trendline. This critical juncture could witness a substantial shift in market sentiment, with the possibility of this breakout occurring on either the daily or weekly timeframe. 💎Envisioning a bullish scenario, should the breakout materialize as expected, #VETUSDT would likely embark on a northbound trajectory, setting its sights on the nearest Supply Area around $0.0216. Such a substantial price surge would signify a robust 50% increase for the #VeChain community, reinforcing the significance of these potential developments. 💎While the path to the upside appears promising, it's prudent to acknowledge that the closest resistance area coincides with the 50 Exponential Moving Average (EMA). This confluence highlights the importance of this supply zone and underscores its potential role as a significant hurdle for price advancement. 💎In conclusion, while we eagerly await the long-awaited upside breakout, we advocate for a cautious and prepared approach. The recent pattern of consistent defense of the support zone indicates a strong foundation for potential bullish momentum. However, it is essential not to rush into positions prematurely. Maintaining readiness for various market scenarios, including the possibility of a price retracement, is crucial. Paradisers, remember that prudent and informed actions based on confirmed price action are key in navigating this intriguing landscape.
Long
by MyCryptoParadise
Vechain next possible move?!!👀 VETUSDT Today Analysis 💎 Let's delve into VET. Currently, it's trading within a descending channel and we anticipate a breakout in the near future. 💎 If the breakout occurs successfully, it will likely trigger an impulsive move as projected. 💎 An important observation is that we have two confirmed order blocks in the lower timeframe. The price is expected to reach these levels due to the presence of liquidity. 💎 Previously, the demand turned into supply, causing a significant price drop and targeting the previous OB. 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
by MyCryptoParadise_Simon
3
VET is Ready for its Next Bullish Rally | VET/USDT Analysis 💎 VET/USDT is currently navigating a robust demand zone, hinting at a potential upward shift. 💎 Not long ago, it skillfully tapped into liquidity, tackled the descending OB, and set its course upward. 💎 As of now price is consolidating but we're on the lookout for a bullish surge past the trend line. 💎 With a clear supply zone and liquidity just above, there's a strong chance the price will engage with this level in the near future. 💎 In the ever-evolving crypto landscape, staying updated is crucial. Keep an eye out for further insights and savor your trading adventure.
Long
by MyCryptoParadise_Nathan
2
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
Long
by hoeat
Bottom range: 0.01840-0.02299Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (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. ----------------------------------------------- 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. -------------------------------------------------- ------------------------------------------- ** 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. ---------------------------------
by readCrypto
3
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!
Long
by TopgOptions
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
by KarimSubhieh
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.
Short
by rohitkukreja