VETUSD - Elliott wavesGood example of Elliott waves theory in practice on VeChain / USD with expected targets marking
VETPERP trade ideas
Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28. Vechain has tested the 200SMA and broke above showing strong signs of bullish momentum. There is potential 220% Gain from Buy Zone @ 23.60% Fibs to the ATH @ $0.28. Please see previous analysis below. Happy Trading :)
Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below
Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :)
Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below.
Update 30/03/21
Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10.
Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target.
See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
VET Rising WedgeHello Traders
VeChain is currently almost at the end of a Rising Wedge Pattern.
We're going to have a Strong Bullish Candle soon .
5th wave hitting ATH zone?I am not an expert. Please think along. I expect to enter ATH zone of 0.5 to 1.0$ Still exploring Elliot waves. What do you think?
VET stronklooking stronk, going above the cloud+bounced off 200ema+never went below annual vwap+low volume(yes)
Vechain Showing Strength (VET)Vechain's logistic token is showing strength amidst the positive sentiment in the market.
The market is moving bullish.
Use tight stops.
Vechain - Adam and Eve (bullish correction)Hi crypto enthousiast,
And welcome to the crypto weather channel!
As we have seen a good rise lately (which may continue to 0.10cents) then it will be time to make a lower low on a 4h level which will bring us near 0.07 usd.
Good luck trading.
Like and subscribe if you like my idea.
Cheers,
The Crypto Weatherman
#VeChain on the 1hr. Possible dip down to complete IHS?Just taking a look at VeChain and see a possible bullish scenario if the IHS pattern plays out.
How VETUSD can reach $3.50 by early 2022Decided to combine fib levels, a pitchfan, and a bar pattern from the previous wave. $3.50 does sound nice doesn't it?
Vet potentially to go to just below a dollarVet getting ready to explode soon. Could end for leg 5 elliot wave around just below a dollar but with bitcoin going to extreme heights could even pass the dollar.
For now watch for vet getting above 0.091 which gives a free ride to 0.103.
VET - Bounce TImeVET has bounced out of a descending wedge and has printed quite a few bullish candles in a row.
Price has also been printing some impulse minutiae as can be seen with this tidy looking impulse out of a contracting triangle.
I am bearish on crypto overall but there could be a good bounce here.
And there is the possibility that this could be THE BOTTOM although that doesn't seem likely to me.
...
When Bitcoin had a long slow top many alts mooned, so something on a smaller scale could be happening here.
Bitcoin price looks probable to tag distribution resistance a.k.a. SOW.
In symmetry good chance VET will do the same.
Just above resistance there is also the 0.618 fib retracement from top to bottom which is a likely reversal point.
...
It looks probable this will be the B wave of a higher degree ABC from the top.
That said - I keep an open mind that this could be THE BOTTOM.
If Bitcoin does drift or impulse past distribution resistance then it becomes more probable VET has bottomed.
Price could also tail off downward.
But most likely this is a bounce I think.
For now I look at this as just a trade.
I will open a position if price settles above next resistance at $0.095.
Not Advice.
VeChain (VET) - August 3Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(VETUSD 1W chart)
If the price holds above the 0.06265984 point, it is expected that the uptrend will continue.
(1D chart)
If the price holds above the 0.08458101 point, we expect it to turn into an uptrend and move higher.
In order to continue the upward trend, it must rise above the 0.11326725-0.12610267 section.
In particular, it is expected that a breakout from the downtrend line can accelerate the uptrend.
If it falls from the 0.06265984 point, it may touch the 0.03981204 point, so you need to trade cautiously.
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(VETBTC 1W chart)
If the price holds above the 158 Satoshi point, it is expected to continue the upward trend.
In particular, if the price is maintained above the 221 Satoshi-237 Satoshi section, it is expected to create a new wave.
(1D chart)
If the price is maintained in the range of 214 satoshi-270 satoshi, it is expected to turn into an upward trend.
However, in order to continue the upward trend, it must rise above the 299 Satoshi point.
If it falls from the 214 satoshi point, it can touch the 129 satoshi-157 satoshi section, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Vet Rising Hello Traders
We can see Vet on the Daily chart our price is at Resistance Levels,
There can be some Price consolidation within this current area (within the Blue Box).
Im expecting a Bullish Breakout soon. Im in a Long position.
stay with the market, lets see what happens
VeChain - Keep an eye on key levelsVeChain analysis:
VET is back above its 50EMA for this 1D timeframe.
VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is still walking upwards on the inside of the Upper Bollinger Band.
VET has found some resistance from its Pitchfork Median Line. If you are Long and waiting for confirmation then a close and successful retest of the Pitchfork Median Line as support is crucial for you.
VET is above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range.
VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this charts fixed range that i have selected.
Note that VET has closed 3 volume bars in the green but they have all been below the Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing strong positive momentum and the MACD Line (Blue Line) is now in the positive zone.
The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Yellow Line) at 29.89 above its 9 Period EMA (White Line) which is at 29.25. the +DI (Green line) has increased to 22.95 and the -DI (Red Line) has dropped to 9.85, this indicates an increasing in Positive momentum while a decrease in Negative Momentum.
The Chaikin Money Flow (CMF) is indicating that the CMF (Green Line) is now back above the Zero Line & back in the Accumulation Zone at 0.02. Note that the CMF (Green line) is way above its Least Squares Moving Average (LSMA) which is at -0.07.
The Relative Strength Index (RSI) is showing strong upwards momentum, note that the RSI (Purple Line) is still safely above its 9 Period EMA (Yellow Line) and note that the RSI still has room to move up before entering the Overbought Zone on this 1D timeframe.
So if you are waiting to go long on VET, a break above the Pitchfork Median Line and successful re-test of that level as support is crucial for you. If VET cannot make it back above the Pitchfork median Line then it could drop back to its Bollinger Bands Middle Band Basis 20 Period SMA as potential support, and as always, we need to keep an eye on what BTC is doing.
I hope this is helpful with your trading and hold-ing.
Update on VET/USDHi guys, if you've seen my previous chart on VETUSD I wanted to update it and involve a little of the stochRSI. I've entered price ranges based on re-entry from oversold stochRSI up to re-entry from overbought.
Now if things stay optimistic from this point onwards, it looks like we have truly bottomed out and we are headed towards another re-entry from the oversold region. There are a few resistances on the way, hopefully we flip 0.095 and re-test for another leg up.
Disclaimer:
BTC and ETH have to behave. EIP-1559 hype seems to be pushing ETH along pretty well. BTC has pushed through major resistances and closed with a nice monthly candle above the 41.7k area.
That is ignoring all the currently poor outlook on the political and economic front. The USA is at an ATH inflation since the 1980's, with a CPI of 5.4%. RRP has hit the $1 trillion mark and with congress leaving for a 6-week vacation as eviction moratorium expires. In summary, not looking good and a recession seems to be coming. Play level-by-level and you should be fine.
VETUSD is at the start of a multi-month rallyVETUSD is now one of the most undervalued coins in the market while at the same time having one of the strongest technical supports to start a multi-month rally.
As you see on the chart, the price bounced 10 days ago exactly on the Higher Lows trend-line of the Fibonacci Channel and broke above the 1D MA50 (blue trend-line). The sequence resembles a lot the early November 2020 break-out fractal (even on RSI terms).
During that phase, the price also rebounded on the Higher Lows trend-line of the Channel and progressively tested the 1D MA50, the 1D MA200 (orange trend-line) and finally the 1D MA100 (green trend-line), all within a smaller Channel Up. At the moment the MA periods are set the same way, possibly for a similar test.
Every peak/ Higher High appears to follow an arithmetic sequence, the first was onthe 2.0 Fibonacci extension, the second on the 2.5 Fib ext. Can the next one (and potentially the last in this Cycle) be on the 3.0 Fib ext or it seems too high for the market cap to you?
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Vechain almost ready to go bullocksHi crypto enthousiast,
And welcome to the crypto weather channel.
After a good dip (like the rest of the crypto market did) vechain is now finally ready to make its climb up and retake previous highs.
Right now its still under heavy selling clouds till tomorrow but we can expect a disruption in its downtrend very soon.
If you like this idea dont forget to like and subscribe.
Thank you very much for reading and good luck with trading.
Cheers,
The Crypto Weatherman
VeChain/USD | 28.07.2021VeChain broke out of the triangle pattern. We have two targets.
TP1: 0.09495002
TP2: 0.14076451
Good luck!
Patient LONG limit I like this long at .0725 for sure
Bottom thin line is absolute bottom unless this market goes on its face.
That first red target would verify a new mid-term higher high.
