VETBTC trade ideas
VETBTC Looking Bullish on the WeeklyVETBTC seems to have bottomed out after bearish 6 months and Weekly Stoch RSI and MACD indicate upside to come.
This would be supported by good fundamentals - An increase in Walmart China Transactions on Mainnet forecast by the end of this month and a significant new deal with PWC US is brewing.
Vechain - EMA Retest - Sideways Actions Sideways action is not ideal for Vechain. However, it is looking more bullish than in previous areas. With the BTC Dominance, if that does come down, we could see a good move upwards.
Needs to break up and over the EMA34 region first and hold as support.
Rejection could see another low.
$VET, Liking how this is currently looking..$VET
Liking how this is currently looking, able to break from a long descending trendline & accumulating over support at ~41 sats
Easy to see how this can catch up over the next days/weeks if volume flows in..
UCTS Buy signal on the 1D
as targets ~52 / 62 sats (25/50%)
#VET
$VET - Falling Wedge and Much More! Okey, bullish (falling) wedge. The price did a fakeout of the important level and came back fast, it is a great sign because it shows bull's powers. Moreover, this movement hit a bunch of stop losses. The asset is ready for the flight.
VeChain (Sept 19) #VET $VET #BTC $BTC #USDT $USDTBuy : Close to 40 / 0.004$ as possible
Sell : 45-50 / 0.00044$-0.00048$
Mid-Hold : 60-80 / 0.00058$-0.0008$
Stop : 38 /0.00038$
VET Thoughts$VET
-Closing back in the range, let's see how we close the daily.
-Target 50 sats if we close above for 20%
VETBTC is ready to take off. Great R/R trade.Here I explain reasons to enter this long trade and show two strategies with targets, stop losses and entry price.
Reasons to enter
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Double bottom on support retest on Daily.
3. Two bullish RSI divergences on Daily. Bears are losing steam.
4. Selling volume is decreasing.
5. Wonderful R/R for long term investment.
Strategy 1
Long after we break 0.00000042 (on a retest of support) and put stop at 0.00000034
Wonderful Risk/Reward Ratio = 10.13 or 14.38 or 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
Strategy 2
Long right now at 0.00000036 and put the stop at 0.00000032 (more risky, but more rewardable).
Wonderful Risk/Reward Ratio = 21.25 or 30 or 56.75
Entry: around 0.00000036
Stop loss: 0.00000032
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.
Smash the like button and follow me for free technical analysis.
Trade safe fellas!
VET - Slight Divergence + Double BottomCould be interesting to see what happens here. Vechain slight divergence. With a double bottom hoping for an alt-coin revival to give some restbite to the BTC Dominance that keeps on going up and up
VET downward wedge. First target + 60% After breaking through the horizontal channel that existed for about 7 months, the coin formed a downtrend that has existed for more than 3 months. A falling wedge that could become a reversal pattern. The first target on the figure + 60%. Further on the situation, the price on the pump can reach the previous support of the horizontal channel which has now become resistance.
Sell in pieces at key levels. All goals are indicated on the chart. Do not be greedy. It’s better to get a little profit, but often than a lot - never! The price may go down to the designated zone (purple zone). Use Stop Loss depending on your strategy.
Legend of the VeChain project.
VeChain is a corporate blockchain ecosystem whose goal is to improve supply chain management by connecting blockchain technology with the real world through a “comprehensive governance structure, robust economic model, and advanced IoT integration.” VeChain allows manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and origin of products in the supply chain.
Established in June 2015, VeChain positions itself as "a pioneer in real-world applications using public blockchain technology with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong and San Francisco."
VET might have a nice setup very soon. Low risk & high reward!Vechain is at the critical point right now where I believe if we break up above 42 Satoshi Vet will have a huge rally for upcoming months.
Reasons to enter:
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Bullish RSI divergence on Daily. Bears are losing steam.
3. Selling volume is decreasing.
4. Great R/R for long term investment.
Strategy:
Wonderful Risk/Reward Ratio = Target1 -> 10.13 or Target 2 -> 14.38 or Target 3 -> 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
It is better to wait for the price to break out small resistance at 42 Satoshi and then enter the long on a retest of that level. Entering right now at 39 Satoshi is a bit riskier.
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.
Please take a look at my trading idea "A relief rally for ALTS is incoming!" where I explain why I think ALTS are due for a big bounce.
Trade safe!
VET - Going Lower Could Get RiskyBTC is still pulling the BTC pairing of alt-coins further and further down. Go any lower the drops could get more extreme.
