VETPERP trade ideas
Vechain - VET - Risk to reward challenge - MA Price squeeze!Vechain - VET - Risk to reward challenge - Moving Average Price Squeeze! Price is being squeezed into a tight consolidation range between the descending moving average and the fibonacci 76.8 support level. Expected breakout in either direction. What is your bias? We will see?
VETUSD trade ideaChris and I have been watching VET. Being one of the cryptos that has not made it's stronger bullish run yet that many others have made this week, still testing around major support.
Break above bearish TL will be ideal
This current area could make for an entry as there is some confluence especially with retesting the strongest volume area within this range, although it will be more risky
A break above .0820 resistance, and above current bearish trend line will make for a much stronger confirmation
There is also a 4H pin bar at current support, although it is followed by a doji candle showing indecision, therefore looking for much stronger confirmation for a longer term move
Will see how price plays in my circled area if this scenario plays out, will be looking for much confluence with price action, volume and indicators for potential entry in that area
1st profit target will be .11 to complete a AB to CD movement which also lines up with resistance level at -.618 fib extension
If price breaks below .0709 support, this set up will be invalid and will adjust my perspective from there.
Looking VET for breakout in next weeks Looking for VET to breakout in same point in next few weeks or months, depend what Bitcoin will do. But i bet on upside.
VeChain - Accumulate itQuick VeChain update:
We are seeing sideways ranging with VeChain on this 1D timeframe.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. We need to turn this level into strong support.
VeChain is still below its 50EMA for this 1D timeframe. We need to eventually cross this level and turn it into strong support.
VeChain is still above its Least Squares Moving Average (LSMA) for this 1D timeframe. Note that when the price crosses above the LSMA, it is positive and was a potential buy signal.
Volume is still relatively low for this 1D timeframe. Note that the Volume Bar is below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visable range.
The Moving Average Convergence Divergence (MACD) is indicating momentum is still upwards and the MACD Line (Blue Line) is still above the Signal Line (Orange Line). Note that the Green Histograms has lightened indicating a slight weakening of upwards momentum. A crucial point on the VeChain 1D timeframe will be when then MACD Line (Blue Line) crosses back over the 0.0 line into the positive zone.
The Chaikin Money Flow (CMF) is indicating VeChain is in distribution for this 1D timeframe with the CMF Line (Green Line) in the Distribution Zone at -0.04. The CMF is still slightly above its Least Squares Moving Average (LSMA) which is at -0.06. Note that the CMF (Green Line) is starting to point upwards.
The question is, is VeChain in a Falling Wedge, a Symmetrical Triangle, a Descending Triangle or All or None of the above on this 1D timeframe. Note the Horizontal Support Line has been tested on 5 separate days and that was our resistance of our previous Ascending Triangle. Ideally, any positive breakout must be on increased volume.
The way i see it, we only have a few more weeks “possibly 4-6 for BTC” of continued consolidation within a range before the market makers decide that the path of least resistance is upwards which affects all cryptos. But who knows, it may be sooner. Even if VET dips more, now is the time to buy. What is the point of waiting to accumulate a crypto after if its done a +50% rise? You’ll just end up buying at the top again. So accumulate, accumulate, accumulate VeChain before the next rise……. As well as ADA.
I hope this is helpful with your trading and hodl-ing.
VETPERPVeChain. Got wrecked so hard the past month , definitely should have chilled and waited for confirmation.
this area seems important to me, if the 4hr closes above.. let's see.. scalping mode long.
VETUSD - GOOD BUY Hi,
Welcome to the crypto weather channel!
As we can see on the daily chart we're right below the local ressistance and the buyer volume is very very high and nobody wants to sell.
Expect a big blast to the upside once we cleared the local ressistance right above our head.
First stop 0.113USD
VETUSDVET is bullish. We broke above downtrend line and attempting break above resistance.
Take these steps:
1) Buy if candle open/close above current resistance line OR if Engineering Robo gives multiple buy signals
2) Sell if support line @ .10 broken and candle open/close below
VET Intraday Trade I've gone ahead & labeled the Supply & Demand zones. Here we've just bounced off the Supply & believe we will make our way up to the Demand over the next hour or so, my trade is set for 3% gain If it's filled.
*Not Financial Advice
VET testing the resistance zoneWe are currently testing the upper resistance zone as well as the trending line in this wedge.
If we are able to break above the resistance zone/trending line we may see a nice push towards .08, this may be a very great end to the week. BTC seems to be gaining ground as well but it could very easily consolidate & shift the market into a consolidation phase.
*Not Financial Advice
VET could be on its way to .10As you see we are headed to the previous resistance back on June 20th which could be a great Buying Opportunity for a Swing Trade. We very well could break that resistance & fall until that Golden resistance which would be an Optimal Buying Opportunity once we get confirmation of a breakout.
*Not Financial Advice
VeChain - A traditional analysisA look at the VeChain Daily Chart using some traditional methods.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this daily chart.
VeChain is still below its 50EMA level on this daily chart.
VeChain is in a Descending Channel (Dotted Line) on this daily chart.
VeChain is also in an Ascending Triangle (Dashed Line) on this daily chart. The Ascending Triangle has a small upwards trend-line and a potential longer upwards trend-line. We can expect strong resistance at the resistance of the Ascending Triangle. We need the upwards breakout to be on strong volume and if there is a retest after the breakout, that resistance needs to be turned into strong support.
Volume is still relatively low on this daily chart 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.
VeChain is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. VET needs to stay above this level.
The Moving Average Convergence Divergence (MACD) is showing the MACD Line (Blue Line) is pointing upwards and the Signal Line (Orange Line) is pointing sideways. So we may see the MACD Line cross back ABOVE the Signal Line on this daily chart which would form new Green Histograms and is a potential buy signal. A full Bullish trend is confirmed when the MACD Line crosses back over the 0.0 level, this will be a signal that a 12 Period EMA has crossed back above a 26 Period EMA on this daily chart and would bring the MACD into the positive zone.
The Relative Strength Index (RSI) is showing upwards momentum has increased and note that the RSI (Purple Line) is above its 9 Period EMA (Orange Line). The RSI is showing that VeChain has a huge amount of room to move up before becoming overbought.
You all know how passionate i am about VeChain and it's future in the world of Blockchain. There is a possibility that VeChain might drop more within its Descending Channel before any potential breakout, so any dips should be used to accumulate more for your Dollar Cost Averaging (DCA).
I hope this traditional analysis is helpful with your trading and hodl-ing.
VeChain (VET) - June 29Hello?
Welcome, traders.
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Have a good day.
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(VETUSD 1W Chart)
If the price is maintained above the 0.09410614 point, we expect the uptrend to continue.
(1D chart)
It remains to be seen if the 0.06527959-0.08628174 zone can find support and move above the 0.09140614 point.
If it goes down, we should see if we can move up along the uptrend line.
If the price is maintained in the range of 0.08628174-0.12828604, it is expected to turn into an uptrend.
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(VETBTC 1W chart)
If the price is maintained above the 158 satoshi-237 satoshi range, it is expected that the upward trend will continue.
(1D chart)
It remains to be seen if it can rise above the 248 Satoshi point to find support.
In particular, we need to see if we can break out of the downtrend line.
If it falls from the 221 satoshi point, it can touch the 146 satoshi-180 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 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)
VETUSD Long Term Setup!
VETUSD (Weekly Chart) Technical Analysis Update
Buy Level: $0.055 - $0.070
Good Pick for the Long term, Vechain currently trading at 0.078. it's already hit the uptrend support line I'm expecting bounce back from this support line. if it breaks trend support line then it can reach below 0.55 but chances are very less.
also, you can see that previous resistance line acting as strong support.
based on past trends we can expect minimum 750%+ growth.
Vechain Overview: VeChain is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
Note: please do your own research before investing. Never invest money that you can't afford to lose. Every investment involves risk of losing the entire invested money.
VeChain Daily Chart UpdateVeChain Daily Chart Update:
VeChain is still below its 50EMA for this daily chart. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways within a range.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum at the moment is sideways.
VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain 110% needs to close a daily candle above this crucial level on the daily chart.
VeChain is above its descending Pitchfork (A,B,C) Median Line. VeChain needs to stay above this level.
VeChain is below its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range.
VeChain is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the Fixed Range i have selected.
Overall Volume is still relatively low and note that the Volume Bar is back below its Volume 20 Period MA.
The Moving Average Convergence Divergence (MACD) is still negative & showing that momentum is sideways. Notice that the Signal Line is pointing slightly downwards and the MACD Line is pointing sideways, so we may eventually see the MACD LINE (Blue Line) cross back ABOVE the Signal Line (Orange Line) for renewed upwards momentum. Notice that the Red Histogram is decreasing in size for this daily chart. We eventually need VeChain to cross back above the 0.0 level for renewed positive momentum on the daily chart.
The Average Directional Index (ADX DI) Is indicating negative momentum has dropped with the -DI (Red Line) dropping from 27.9 and is now at 23.35 but still above its positive momentum +DI (Green Line) which is sideways at 8.68. The ADX (Tellow Line) is still showing a strong downtrend withe the ADX (Yellow Line) at 35.01 still above its 9 Period EMA (White Line) which is at 31.84. We eventually need to the +DI (Green Line) to cross back above the -DI (Red Line) for renewed upwards momentum on this daily chart.
The Chaikin Money Flow (CMF) is indicating VeChain is being distributed but notice that the CMF (Green Line) has increased from -0.16 to -0.05 and that the CMF (Green Line) is above its Least Squares Moving Average (LSMA) which is at -0.11. We eventually need VeChain to cross the Zero line into the accumulation zone for renewed upwards momentum.
As always, this is not a price update but an update about what VeChain needs to do and what VeChain needs to get above and also to show what the indicators are indicating.
I hope this is helpful with your trading and hodl-ing.
Vechain - Spring is at our doorstepsBeautifull weather coming weeks for Vechain.
By the bottom and be a happy investor.
VETUSDBINANCE:VETUSD is neutral-bearish and holding position above long term uptrend line. Decision time in the next few days.
Steps to take:
Buy at trendline support OR first horizontal support line OR multiple buy signals
Take profit areas are .10 > .15 > .24 resistance zones. One method is to take 30% profit at each zone.
Not financial advice, trade at your own risk
VeChain TrendVeChain (VET-USD) had an amazing run up to 25 cents before sputtering and retracing to just over 7 cents. It appears to be consolidating. The question that must be asked is, what is going to happen after this phase.
Since VeChain is being developed for supply chain management, I feel its prospects are quite good at becoming a stable alt coin. However, since China has taken a dim view of using Cryptos for speculative gain, this could limit VeChain from exploding in value that some thought could rise to $1 by the end of 2021.
My feeling is that the longer term period of 5 years will see a substantial rise in the value of VeChain compared to the short term of 1 to 2 years.
Vechain Bullish Trend Still intactVery strong support here. Not long now before a decisive move is made.
Ideally we want to get back above the 50day MA but the overall trend is a much more aggressive bullish trend overall.
Thanks.
