VET - Falling WedgeWe are facing VET broking the border of the falling wedge. For me it is a huge bullish pattern and can go up direct to the first Fibonnaci zone. All the criptos that broked the Falling Wedge are rising unstoppable.
VETBULLUSD trade ideas
$Vet looking top heavyMost timeframes showing bearish RSI Divergence, looks like the top of an impulse. Hard to say how high it will go, but hard to imagine that Vet is going to break these key levels and hold above them in the short to mid term. These levels it has recently broken(yellow box) have proven to be significant resistance and support in the past, and if/when Vet breaks back below, we could see serious declines. Keep your stop losses tight in case it wants to do what crypto does sometimes and just go off on one, but I think the R2R here looks pretty favorable.
Confirmation Breakout!! 🚀Vechain has finally made a breakthrough out of all ranges.. expect some big things in price action 🎬
VeChain - Upcoming opportunity and macro outlookWell, as the work week starts again and everyone returns to the office, we want to give traders on here an update on VeChain.
Back in July we announced our first position in VeChain and since then we didn’t cover this coin again. After months of relatively low price action the momentum finally returns, as many other altcoins spiked, VeChain managed to gain almost +48% too!
As many of our subscribers know, besides bitcoin / ethereum we choose to cover Chainlink, Solana , VeChain and Polkadot . These are our favorite altcoins, and we are already invested in all of them.
So let’s talk about what we got here, to clear things up we provided a Macro chart below which features our count in the 2D chart. Since the last all-time high at 0.278$ VeChain crashed tremendously and over the course of more than a year and a half we tumbled by -95%. Most investors may have already forgotten this gem, nevertheless, we always kept a close eye on this and think it has much potential for the upcoming bullrun.
From a technical perspective, VeChain established a clear ZigZag (5-3-5) correction in which the C-wave caused the most damage. Inside the C-wave a major impulse (marked in blue) hammered the coin downwards, and we have reason to believe that all major bearish impulses have come to an end. Feel free to comment below if you should have any questions regarding the count!
For the upcoming weeks it will be very important to watch the movements of VeChain because we estimate, that the coin will establish a very bullish Wave (i) – Wave (ii) setup, which should push the price above the important 0.03$ level again. Furthermore, the bullish impulse inside Wave (i) seems to be finished and besides an overshooting (b) wave, I don’t believe that we are going to see a further push above 0.023$.
We want to highlight our marked buy zone (blue), new investors can take this opportunity and begin to accumulate coins as soon as the price reaches this zone. (Coordinates 0.0191$ - 0.0162$)
We will continue to build up long positions in the blue Fibonacci zone too!
There is a slight chance that VeChain could still expand further to the downside, but this really depends on how Bitcoin and Ethereum behave in the upcoming correction. To be honest, I Benjamin Mendenmein, don’t believe that we are going to see further low’s in VeChain.
Please notice that we are already invested inVeChain since the 29th of July, back then we announced our first positions here on tradingview.
Read the full statement here:
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long VeChain (VETUSD)
AVERAGE EXECUTION PRICE: 0.02449$
STOP-LOSS: NONE
LONG TERM TARGET: 0.27$ and more!
VetWaiting on the retest for this entry. Not too much support above, if we break down we'll manage the trade but if we trend up I think we'll see a small vol spike due to SL's.
FIB TARGETS FOR $VET IN NEXT BULL RUNIF $VET bottomed in Dec 2022 then fib targets for the next bullrun are as follows:
1.272 Fib = $0.61
1.414 Fib = $0.92
1.618 Fib = $1.66
Fractal from last bullrun indicates a top in early 2024 - this is highly speculative but shows what is possible
March deadline for Vechain. Do or die!We expected a sooner breakout for Vechain to higher levels based on the charts, but instead Vechain broke down continuing the downward trend to our lower support & final support. If Vechain breaches this last resort, all hope in this project will be dead.
It appears mid-march is the area of rebirth.. or the death of Vechain. Time's ticking.
VET - 0.01 Target Will Get Hit Soon! 🌟Back in Spring 2021 I said VET would see $0.01 again and since the recent slump we are nearly there!
Obviously it wasn't the most popular call when crypto was still full of dreamers high on hopium 😄.
But now it is starting to rock from this corrective area and I have begun to look at new targets.
One of these finds confluence from a 1:2.618 reverse 2 point extension @ $0.004. The 1:1.618 found the bottom of the current corrective area.
And a 1:1 3 point trend based extension hits nearby @ $0.0035.
If it gets there it will be a 99% discount and effectively the slate wiped clean.
I bet the gurus didn't see this one coming 😸.
2021 prediction linked below 👍🏻
Not advice.
VET final leg downThe overall crypto market might be one more leg away from the ultimate bottom from a technical standpoint.
On the logarithmic scale 28% away we will reach the most likely bounce reversal point on the price chart
Short term bearish, long term bullish, always watching the macro.
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018.
VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart.
Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe.
VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120.
VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops.
Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD.
Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811.
I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32.
Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe.
So what does all this tell me:
This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level.
Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below.
I hope this is helpful with your trading or hodl-ing.
VET Has Topped And Is About To Get CRUSHED - Heading To SUB $1VET has topped and is about to get CRUSHED in tandem with Bitcoin topping into another long bear market. First target is 0.5 fib at $0.02, but there is a good chance price will reach the 0.618, go sub $0.01 and provide a GREAT entry quite a way down the road.
VECHAIN TO £13- As you can see previously VET did a 15,000% increase within 2 years!
- IF you were to invest £500 by dollar cost averaging in at around £0.02 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 25,000 VET coins!
- Now if you ware to divide your 25,000 VET into 3 sections you would have 8,333 coins split into 3!
- TARGET 1 - SELL 8,333 at the 4.618 level (£1) - 8,333 X £1 = £8,333
- TARGET 2 - SELL 8,333 at the 21 FIB level (£4.87) - 8,333 X £4.87 = £40,581
- TARGET 3 - SELL 8,333 at the 55 FIB level (£13.27) - 8,333 X £13.27 = £110,578
If you have the patience and wait for VET to reach those FIB LEVELS, then your £500 investment could be around £159,492
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARH - ONLY INVEST WHAT YOU ARE WILL TO LOSE!
Future price prediction!???It's amazing how Vechain price charts line up! It appears that these indicators may be telling us a $3 Vechain price by New Year 2023.. and a possible $12 Vechain mid-year 2023!!! Let's wait and see 👀
Don't forget to BUY!!!!
Vechain is ready to go!!!!Vet has been hiding out for some time now, but I think this one is going to surprise many! It has big upside potentials & it's previous pumps have shown. A sleeping giant that's going to make people wish they had bought more bags!
$VET Fib Extension targets for next bull runIF $VET has bottomed out in this bear market (at around 2c in mid-June 2022) then Fib Extension targets for the next bull run are as follows:
1,272 = $0.57
1.414 = $0.82
1.618 = $1.40
There has never been a lower risk time to buy $VET!We are currently in the lowest risk accumulation zone in the history of $VET
Historically these low risk zones have been the best times to accumulate
#DCA #NFA
VET Bullish nowLook at inside bar pattern and VET borken trendline. Wait for retrace and enter for a long trade.
Vet (vetchain)I have it in my portfolio.
I Hold it.
in Daily timeframe, there's a range area,
Support and Resistance are clear. Check with Fibonacci
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
VETUSD - Choose your selling targetThis is an updated chart based on my old analysis.
Selling target moved up a little , looking at FIB Retracement they are totally reachable.
This is a log chart!
VET/USDTHello Traders,
Hope you are doing well,
today we will discuss Vechain's most favorite stock everyone.
VET Is on its last upside move & going to be an end & at the end of the yellow diagonal triangle price will drop heavily.
bearish Candle closed of the previous day & today also will bearish.
this price area is most confluance.
1 Bearish CHannel+Ending diagonal+ low volume+Wave C Completed+ Wave4 Completed.
Have a nice quality trading with me & print more money & stay tuned.
