VETBULLUSD trade ideas
VETUSD appears poised for a breakout!VET has reached the end of a symmetric triangle. Look for it to push through 0.225 on the upside and head towards 0.25. On the downside, we could fall through 0.188 and have buying opportunities between 0.188 to 0.166. A move one way or the other should be imminent!
Good luck to all!
-CFT
VET breakthrough?VET has been consolidating for the last couple weeks now.
it has created a horizontal channel and has made a double top pattern while testing the resistance line.
let's see what happens but for now, bullish.
Curved Support Line and Fibs. (4hr Heiken Chart)Nothing special, just fib pasta along with an idea about a potential local bottom if the one labeled iv does not hold, and corresponding fib extension (Blue) in that scenario.
There is clear resistance in the 22.4-22.5 range, just under the (orange) 0.618 fib line. This would be the first major resistance i'd like for VET to break before trying to retest the all time high if iv (~$0.185) holds.
Bullish divergenceRunning out of room on the this triangle. just keep an eye on BTC. if it dumps so will everything else.
VET/USD ON THE WAYthe chart shows us a clear bullish signal ,but according to me { not financial advice } ,before breaking the resistance VET will come down to test the support around $ 0.12 and from then break the resistance ..
VeChain- New ATH inboundBINANCE:VETUSD
Fib retracements confirm we are out of the pullback and consolidation period. Downward trendline broken, double bottom on 4hr chart confirmed post breakout of wedge (two green dots on Cypher B indicator, coincide with price action of 4hr chart).
3 confirmations of bottom
-Price action (always look at candles before indicators, rule #1)
-Fib levels held, and price action breakout of downward trend.
-double bottom on 4hr price action with dual confirmation on cypher B at these levels.
.24 is first price target, then look to following fib levels for resistance/ profit taking around .25 <-> .30
Regardless what happens to this coin in the near future, this is THE alt to hold long term, it will change the future of supply chain management by utilizing the power of blockchain.
Potential price action VET.If VET breaks to the upside of the Symmetrical Triangle, we may expect the price to reach the target of 0.36.
Remember: when trading the breakout, wait for a breakout confirmation.
Green= Support
Red= Resistance
Disclaimer: this is not trading advice, trade at your own risk.
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VeChain: Cup and handle | VET SUPER BULLISHVeChain went out of the consolidation phase Sunday 02/05. A lot of people thought it would immediately break out.
But VET did something else. He formed a cup and handle.
What is a cup and handle pattern?
William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The cup forms after an advance and looks like a bowl or rounding bottom.
A summary, I think VET is going to explode after this, it just touched the bottom and I think it will rise a lot when breaking through the second swing high (second triangle).
I really think VET is a top gainer!
VeChain | Short termVechain probability short term ~30% and in some weeks maybe to ~65%
Hope we break the resistance quick, time for some gains.
VET BET12 our, long term. Setup nicely for a bullish inverse head-and-shoulders. Lows to $0.172 are tolerable, and price should return to the neckline at $0.22. Break above green neckline: $0.30 Target.
Bullish Piercing Line pattern formed & engulfing pattern formingWe see a piercing line pattern has formed on the 4h timeline, and a engulfing pattern is potentially forming in the current candlestick. Both signs of reversal into an uptrend.
VET on its way back to previous highsVET has dropped off since its April highs, but that is good news for those of us looking to get back into this excellent project. It has been consistently making higher lows and is in a general up trend. Now is a good entry point since last time VET tried to break .22 the RSI was much less favorable (more overbought). So if we can break the resistance between .21 and .22 then we can run all the way back to at least our previous highs in the .27 range. This is about a 35% move. We'll have to reexamine the chart when we get here. Turning that resistance at .27 into support will be the next challenge.
Stop loss would be a daily close under the trend line. Make sure you wait for the day to end though. VET has a habit of swinging wildly over a single day.
Have fun, trade at your own risk.
Narrow Bollinger Bands -> Substantial Move Coming (4hr Heiken)Looking for bullish confirmation on the next Heiken candle and increasing volume to support a potential large move to the upside after recent sideways movement and consolidation. If bullish confirmation fails, it may be grounds to retest the lower curve of VET's parabolic trend in the low 17 cent range. BTC.D still under 50% even after BTC's recent rise up past 57k. Eying the 1.618 fib line as VET's next big milestone of around $0.33, how it gets there is anyone's guess.
VET $1.50 ?Here is my price prediction for VET based on the Elliot Wave Theory. $1.50 is completely possible in this cycle. Time will tell! #vechain #vet #crypto
VET . Will Explode SoonVET still move above trend line although big coin such bitcoin fall down. Looking opportunity to buy a cheaper VET?
Good source pennycryptos.net
Cup and handle forming, bounce off trending supportCup and handle pattern is forming on VET, we can see the handle forming now, with a bounce off two support lines (trend line & .5 fib). We do have .618 resistance line that we haven’t been able to break through. If pattern pushes us through, we could see new ath soon!
