Triangle WAVE 4Initially I saw this correction as a WXY - now I tend more to this Triangle correction. Which would fit much better into the current market structure from my point of view. What do you think?
VETPERP trade ideas
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07923).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.08989
TP2= @ 0.09526
TP3= @ 0.10170
TP4= @ 0.11550
TP5= @ 0.12250
TP6= @ 0.14157
SL= Break below S2
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HighAccurate forecast for
💡Don't miss the great buy opportunity in VETUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07923).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.08989
TP2= @ 0.09526
TP3= @ 0.10170
TP4= @ 0.11550
TP5= @ 0.12250
TP6= @ 0.14157
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VeChain Scythe IdeaA scythe structure on VeChain
These usually result (from my experience) in bullish continuation
As we can already see a breakout is occurring from the also triple bottom on the Fibonacci circle
The bars pattern in green is what we can likely expect from price action in coming weeks
VeChain - Lets have a look at yaVeChain daily chart update:
VeChain had broken upwards through its Falling Wedge Pattern on the 22nd July.
VET has broken upwards through its downward trend-line and successfully re-tested it as support 4 days ago.
Note that VET had successfully tested its Major Longterm Upwards Trend-line as support twice on the 20th-21st July.
As noted on the chart, VeChain may have a new Support Line if VeChain closes this daily candle above it and turns it into support.
VET has found some resistance from its 50EMA and has dropped below it. We 110% need to close a daily candle above this crucial level and turn it into strong support on this 1D timeframe.
VeChain is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
VeChain is slightly above its Bollinger Bands Upper band so we may see a drop back under the Upper Band or VET may continue walking upwards on the outside of the Upper BB.
Volume has increased and notice that todays volume bar is way above its Volume 20 Period Moving Average.
VeChain is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that I’ve selected.
If VET goes higher, we can expect strong resistance at around. $0.0955
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still above its Signal Line (Orange Line) and we have Green Histograms of increasing size. We may see the MACD Line (Blue Line) cross back over the 0.0 Level into the positive zone. This would mean that a 12 Period EMA has crossed back over a 26 Period EMA on this 1D timeframe, this would be a very good thing. Note that the MACD Line (Blue Line) has not been in the positive zone above the 0.0 level since 17th May 2021 for this 1D timeframe.
The Average Directional Index (ADX DI) is indicating Positive Momentum has finally overtaken Negative Momentum on this 1D timeframe. The +DI (Green Line) is at 24.82 and has crossed over the -DI (Red Line) which is at 15.46. The ADX (Yellow Line) is starting to curve sideways at 28.46 but still below its 9 Period EMA (White Line) which is at 30.13. Note that this is the fist time the +DI (Green Line) has been above the -DI (Red Line) since 11th May 2021 for this 1D timeframe.
The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from -0.15 to the Zero Line at 0.0. Note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at -0.13. It's a good sign of accumulation strength when the CMF (Green Line) is above the LSMA (Blue Line).
The Relative Strength Index (RSI) is showing a sharp rise in upwards momentum with the RSI (Purple Line) rising to 59.43 from back when it was in the Oversold Zone on the 20th July. Note that the RSI (Purple Line) is back above its 9 Period EMA (Yellow Line) which is at 44.86, this is a good sign of upwards strength.
Congrats if you managed to buy VET at $0.056 or near enough. This rise is great but we shouldn’t jump the gun & we obviously need to keep an eye on what BTC is doing and whether or not BTC can break out upwards from its sideways channel. For VeChain, the daily 50EMA is a crucial level to watch. If VeChain fails to close a daily candle above the 50EMA then VeChain may drop back to its Bollinger Bands Middle Band Basis 20 Period SMA, but at the moment it’s looking very promising VET will close above the 50EMA, but again its best to wait for confirmation if your uncertain to go Long.
I hope this is helpful with your Trading or Hold-ing
Vechain - VET - Risk to Reward Challenge still activated!Vechain - VET - Risk to Reward challenge still activated! Out of the RED into the GREEN! Let's Go.
Macro ideas on VeChainThorBINGBON:VETUSDT
I am a VeChain enthusiast and think the project has great potential as a supply chain management application on the long-term. The project has partnered with industry giants including the LVMH group, BMW, Walmart China. Long-term very bullish. In terms of charts, this log scaled view outlines my ideas regarding the direction of the token. I will try to do some TA on the secondary token VTHOR, however, that token is quite volatile and hard to discern seasons of supply shock.
VET down trend channelsWe are in a daily downtrend with VET that needs to break the channel resistance
VET Breaking OutVET has broken through Key Fib Levels as well as multiple Resistance Areas. High Abnormal Bullish Volume and the 50 Day Moving Average has Crossed over the 200 Day Moving Average.
Golden Cross Confirmed.
Might see a retest in Price Action down at previous Support Area and hopefully bounce right off and Range Higher.
VETUSD NEXT IMPULSIVE MOVE UPAfter a successful move down to complete the 5 wave sequence, we should start seeing another move up for the next impulse.
Vechain $1 vs $0.020!- Vechain price reversal is likely as it approaches the range low at $0.0596.
- The partnership with ReSea Project helps prevent a million kilos of plastic polluting oceans.
- if Trend goes and stays below $0.055 bullish scenario will be invalidated!
Vechain | Reversal could be nearBINANCE:VETUSDT
Think this trendline could give us the answer coming days. I still believe that Bitcoin won't hold it's ground and we will see another drop to 24-26k, which would perfectly fit my view on VET - But there is no such thing as a perfect entry in crypto, so I would wait and see how the market reacts when/if reches the trendline. However, this would be a decent swing long if we see it hold. We had a similar setup at the start of this bullrun, it almost looks too perfect. Might become a trap.
Be patient and stay safe.
VET VChain Capitulation ZonesIf we have a soft capitulation buying in the green zone will be a great opportunity to grab some VET
If we have a hard capitulation like back in March of 2020 ( which is unlikely in my opinion) the blue zone would reflect the absolute best buying opportunity.
VeChain- Buy Hello,
I previously bought Vet between 0.002 and 0.007 and sold $0.23
Since I sold I have been waiting for matic to retest that area. over the next coming months I believe we will have tested below $0.007/0.02 again and we will be moving sideways.
I have set buy targets between $0.007/0.02 once again for the next cycle. Be prepared to wait a couple of years before any real movement again.
If #BTC can find support around the $20,000 (currently $31,000) I think this cycle could have another leg up towards the end of 2022.
VET Has Finally Pulled Back Toward the MeanWas no surprise here, considering from the initial run that it took it was traveling well outside the 3rd standard deviation for the majority of weeks 2 and 3.
There are forces at play here, and probability is simply the dictator.
VETPERPAlright, my god the wreckage is real. The entire market is on crucial support, if we lose these levels, i might. have to start applying to mcdonalds. My bias is long, we've been in this area 2 times before already, either we nuke hard or bounce to the oz. Let's see. .
VeChain - 1D Chart Analysis UpdateVeChain 1D Chart Update:
VeChain is still below its Bollinger Bands Middle Band 20 Period SMA. Note that we have expansion of the Upper and Lower Bands indicating increased volatility but on the negative side.
VeChain is still following the its Major Downwards Trend-Line and is having real trouble crossing above it. If you are long then a breakout and successful re-test of this level as support is crucial.
VeChain is getting very near to its Major Upwards Longterm Trend-Line. We 110% do not want VeChain to close a Daily Candle below this level.
VeChain is still on the upper side of its falling wedge pattern.
I have added some support areas if VeChain breaks below its Major Longterm Upwards Trend-line.
Note that the overall Volume is still low on this daily timeframe and the Volume Bar is still below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts Visible Range I’ve selected.
The Moving Average Convergence Divergence (MACD) is indicating trend momentum is sideways but note that it looks like we may see the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which would be a sell signal for most traders so we may see another downwards drop that would also create Red Histograms indicating sellers are in control. Note that the Green Histograms have also decreased in size indicating a weakening of buying strength.
The Average Directional Index (ADX DI) is showing the downtrend has gotten stronger with the ADX (Yellow Line) rising to 28.42 and back above its 9 Period EMA (White Line) which is at 27.22. Note that the -DI (Red Line) has actually dropped sharply to 20.61 but is still below its +DI (Green line) which is at 9.25. So even though the -DI (Red Line) which is Negative momentum has dropped, the +DI (Green Line) which is Positive Momentum is still showing a big lack of upwards strength at the moment, but note it has not dropped as sharply at the -DI (Red Line).
The Chaikin Money Flow (CMF) is indicating accumulation has actually increased with the CMF (Green Line) rising from -0.03 to +0.03 in the accumulation zone. Note that the CMF is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.00.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment, The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating strong downwards strength. Note that the RSI is getting very near the Oversold Zone on this 1D timeframe so be on the look out for any divergence between Price and the RSI for potential reversals.
From my perspective, at the moment for VeChain and the whole Crypto Market, overall traded Volume is still low indicating a possible lack of big institutional money. Remember that retail money doesn’t move the market, big institutional money does. Note that it is the institutional money that is put in after they have accumulated their assets that moves the market up, not in the accumulation phase.
If VeChain breaks downwards through its Major Upwards Support Line and closes a daily candle below it, then there is a possibility VeChain may drop to $0.035. Note that even though Volume is Low, crypto assets are still being accumulated.
If you are waiting to go long on VeChain but need confirmation, then a breakout of the Major Downwards Trend-Line and a successful re-test of it as support is what you will need to wait for. After that, another is a breakout and support test of the Bollinger Bands Middle Band Basis 20 Period SMA. If you are Dollar Cost Averaging (DCA) & if VeChain breaks downwards through its Major Longterm Upwards Trend-Line, then there could be really good opportunities to acquire more VeChain at a cheaper price.
The Falling Wedge could indicate that we are coming to end of this downwards pressure but we could see a re-test of $0.058 before a potential breakout, but remember that we are at the mercy of BTC so we have to keep an eye on what Bitcoin is doing as any new potential drop with BTC will effect all alts as well.
I hope this is helpful with your Trading and Hodl-ing.
VeChain (VET) - July 15Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good 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 finds support at the 0.06527959-0.08628174 zone and moves up to maintain the price above the 0.08628174 point, I would expect a reversal to an uptrend.
If it goes down from the 0.06527959 point, it may touch near the 0.03981204 point, so you need to be careful with your trades.
In particular, you should watch to see if it moves along an uptrend line.
If it declines from the 0.03981204 point, it is likely to enter the mid- to long-term investment zone, 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 that the uptrend will continue.
In particular, if the price is maintained above the 237 Satoshi point, it is expected to create a new wave.
(1D chart)
We will have to wait and see if we can find support at the critical 221 satoshi point and move above the 248 satoshi point.
Looking at the big picture, the 180 Satoshi-316 Satoshi section is a sideways section, and the 248 Satoshi point is the middle point, and it is divided into an upper sidewalk section and a lower sidewalk section.
To continue the uptrend, the price should be maintained in the upper sideways section, 248 Satoshi-316 Satoshi.
At this point, the most important thing is a move out of the downtrend line.
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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 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)
