VeChain VET clean technical analysis looking at VET here on the 1 hr we can see that price had an impulsive push to the upside finding resistance at a fib level,
since then price has made a rejection from the high and is moving correctively in the form of a descending channel back to the most recent fib support area that it previously broke through, anticipating for price action to complete the correction and possibly confirm support at the double bottom or move slightly further back to the fib level where they grey box is located. if price rejected this support and confirms a move to the upside this can be a good high probability move to the upside for long positions in the green zone.
Vetusdtlong
[35%] VET / USDTAnalyse :
- We still above the Kumo, Tenkan, Kijun
- We can see a canal in yellow
- We still above 0.786 Fib
- Target 0.122$
What Is VeChain (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.
VETUSDT - LONG #VET #VETUSDT # VETUSD #LONGTaking a look at VETUSD on the 4 hour, it is trading above the 0.618% Fib.
It is currently in the progress of flipping this into support, before progressing higher.
Targeting the 78.60% Fib, where current resistance is.
Following this, we will look for a flip of this resistance into support before re entering any longs.
VETUSD is currently trying to break out of its currently flag formation, i expect continuation from here.
Good luck!
VETUSDT LOONNNNGGGG!!!! BABY BEZOS :)Looking at the recent price action i believe its safe to assume that $0.038 - $0.045 is the new floor bottom. Vet is quickly catching steam as masses gain insight as to what Vechain is aiming to solve within supply chain and logistics. this is where companies spend most of their resources on things like
nventory inflow/outflow
server data management.
procurrment
KUCOIN:VETUSDT
VeChain - snipe on lil $VET $VET love the VeChain it's a long play for sure but loving the snipe a lil here.
VECHAIN 240 CHARTVechain is in a bullish channel leaving a strong trend. We will look for a first target at the top of the channel with a very tight stop. If we want to split the position, our next target will be the psychological target of 0.10 $.
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Vechain está en un canal alcista dejando una fuerte tendencia. Buscaremos en un primer objetivo la parte alta del canal con un stop muy ajustado. Si queremos dividir la posición, nuestro siguiente target será el objetivo psicologico de los 0,10 $
VET/USDT - Bullish trend getting strongOn the 4 hours char t, we can see that the previous ATH is now acting as a support line.
This makes the market more confident in higher highs. But steeper the trend gets, the less it will last.
We can also see that a double bottom formed at the end, which also supported the bullish trend.
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This is NOT a FINANCIAL ADVICE . This is just my point of view on the current situation.
VET looking super bullishVechain looking great holding support at the 0.2 FIB also holding the ascending channel. 0.2 fib is a crucial level for us right now if we break below it some downside is likely, the ichimoku cloud has shifted to printing support heading up and the stoch RSI is close to being in oversold areas. I think we are likely to keep heading to the upside looking to break that 0 Top FIB level and ultimately keep following the ascending channel upwards. once we break that top FIB level our next goal would be to break that key resistance area and continue the climb up creating new levels of support. Not financial advice just my opinion!
#vetusdt #vechain #4h #vechainHi guys..its the latest analyze chart of VETUSDT in 4H timeframe(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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VETUSDTevery thing is clear ;)
if you liked this idea or have your opinion on it, write in the comments and like it, I will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.