VETPERP trade ideas
Cautiously watching VET (3 day Heiken Chart) As you guys can see from the chart, VET has clearly been showing signs of slowing down over the past few weeks or so since breaking the previous VEN all time high of around 9.5 cents. The recent string of doji candles, coupled with declining volume, an overbought rsi (~82), and a mac d line that might be at a local maximum have me thinking we could be in for a correction. Smaller time frame charts (like the 4 hr) show support around the 7.5 to 8 cents range, which is about 1 fib line down from out most recent swing high (and ath) on the 3 day chart. That said, do I have the guts to sell on this hypothesis? Probably not... Could be fomo, could be that I have no idea what i'm talking about haha. I'd love to hear what you guys think. I'm still long term bullish on VET, as I believe the news to lower VTHO gas fees considerably will help foster mass adoption by enterprises.
Edit: We did see a similar pattern towards the end of June last year, which was followed by a large upswing eventually testing the upper line of the parallel channel. Hopefully this is how it plays out.
VeChain - Looking Very StrongVeChain - Daily Chart Update:
The Stochastic RSI is indicating that the %K (Blue Line) has popped back up from the oversold zone with the %D (Orange Line) still slightly in the oversold zone. The Stochastic RSI is indicating VET has plenty of room to move up before becoming overbought on this indicator. Note that the %K (Blue Line) is above the %D (Orange Line).
The ADX DI SMA is indicting the trend strength is very strong with the ADX (Yellow Line) at 62.7 but slightly below its 10 Period SMA (White Line) which is at 64.1. We’ll see renewed upwards strength once the ADX crosses back over the 10 Period SMA. The +DI (Green Line) is at 21.02 still above its -DI (Red Line) which is at 5.2.
VET is still above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen). The Conversion Line (Tenkan Sen) is indicating that the short-term momentum is sideways at the moment.
The Ichimoku Cloud Lagging Span (Chokou Span) is indicating momentum is sideways with a slope upwards.
VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA.
VET has found support from its 0.618 Lower Dark Green Pitchfork Support Line.
As you know VeChain is a two coin system with VET (Smart Money) and VTHO (Energy).
VeChain has about 2 1/2 days left on the vote for reducing the Gas Fees with VTHO. At the moment it looks like they will reduce the base gas price by 1% of the current gas price. Reducing the gas fees is a good thing as it will increase purchasing power & encourage clients to use VET & VTHO. People are screaming “lowering the gas will make VTHO drop” This is wrong, lowering the VTHO Gas Fees will not effect the market price of VTHO. VTHO has dropped but not because of the vote, it’s dropped because of traders panic selling because they don’t realise that lowering the gas fees will encourage more clients and partnerships for VeChain thereby increasing utility.
VeChain already has a real world, very strong client base that every other Crypto is now striving to achieve. I am still very bullish on VeChain and as i keep blabbering on about, i still believe VET is the most criminally undervalued crypto ever! Looking at some of the absolute crap crypto coins in the top 10, i have now doubt that both VET & VTHO will be in the top 10 in the very near future.
I hope this is helpful. 👍
Vechain idea 1D CHARTVeChain could retrace its highs a bit to 0.05 - 0.065 levels, hence giving us a potential cost averaging opportunity to addon to our long positions.
VET possible moves?So VET has been acting exactly as we predicted...
Right now where we´re standing is a key point...
If we go down we might see a price around .07 and a bounce of the trend line.
Then we could see a short consolidation or a move up to our price around .094-96 and if we break this resistance, we might see a new ATH.
It also depends on the 20MA because it has worked as a support/resistance line many times... So watch out for that.
But of course, there is a possibility that we will break the resistance now or later this week and we could see a possible move up as well...
I mean it all depends on how the BTC will move and also if more people take money away from BTC and buy altcoins... we will see...
But in a long perspective, I am 100% bullish on VET
VET is moving up in a fast pace! Dont sleep on VETNext 2 targets for VET, this may come a lot faster than you think. VET will perform very well in the upcoming weeks and months.
VET ascending triangle continuation pattern On VET'S daily time frame you can see a perfect bullish ascending triangle forming. Buyers inability to breakthrough resistance paired with sellers losing steam resulted in this triangles consolidation. Watch for breakout of resistance and confirm with a closing daily candle before entering any trade. Price target of ~$.12 or higher depending on strength of breakout and accompanying volume. Set stop loss at recent swing low or just below the triangle support.
VET - Accumulation ATM - Look for a key break outside the box!Hello Traders,
VTHO is moving pretty hard right now or at least has had a nice bounce to the upside.
VET will most likely continue to accumulate for another 3-4 days, before breaking outside of the upper trendline of the box.
Buy, Hold, Realize gains!
Triangle outbreak? Retest of ATH? New price target 0.011?Breakout from triangle patern. What do u think?
Vechain loading up momentum Vet has been holding our 0.2 FIB level solid and i believe we will see another daily close above here. Our stoch RSI is looking good slowly coming out of the oversold zone aswell our RSI has been going sideways for a little bit now but we are seeing it sloping slightly due to recent price action. The RSI is kind of close to the overbought range, but we have been since the beginning of March without any noteable big dips. I think a lot companies and institutions and retail are starting to realize what VET is and the potential for the great technology its providing. Last the MACD is looking the same as RSI and Stoch building momentum the more accumulation. We could see a Golden cross any day now in my opinion, Not financial advice!
VeChain - Daily Chart IchimokuVeChain - This time a Ichimoku Cloud (Kumo) Daily Chart Update:
If we look at this daily chart for Vechain, we can see just how good and strong it looks.
VET is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.
The Lagging Span (Chikou Span) is indicating momentum is sideways with a slight slope downwards.
The Conversion Line (Tenkan Sen) which is the faster line is showing short-term momentum is sideways.
The Base Line (Kijun Sen) which is the slower line is angled slightly upwards confirming this sideways momentum.
VET has found strong support from its 23.6% Fibonacci Retracement level and has closed above it 4 days in a row and looks like it's about to make it 5 days in a row 👍.
VET is still well within the Bullish Zone of the Ichimoku Cloud Indicator.
VET is quite a distance away from crossing back over the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support lines, so for the foreseeable future, i cannot see VET dropping into the Equilibrium Zone let alone the Bearish Zone for this time frame unless there is a complete crypto market crash which i cannot see happening especially because this 2021 Crypto Market is completely different to the Crypto Market of 2017/18 where it was only speculation that was making cryptos rocket. Now we have DeFi, Smart Contracts and big institutional Investors interested & investing in Crypto.
VeChain is still looking absolutely fantastic especially on this daily chart. I keep saying this but it’s true, VeChain is a crypto with a client base that would make any corporate jealous with envy, it seems to have completely gone under the radar of most and i still feel it is the most criminally undervalued crypto ever, the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer! Its a good thing it hasn't broken out just yet, as its pay day in about 30mins and i want to acquire more before VET closes over the $0.1 mark 😜.
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
Update: Vechain(VET) looks ready for another 37% Gain to $0.11Update 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 :)
VeChain - Potential Breakout of an Ascending TriangleVeChain Update:
VeChain is in an Ascending Triangle Pattern on the 4hr chart. An Ascending Triangle Pattern has a very, very high probability of being a continuation pattern in a trend……… that’s a continuation of an UPTREND. The breakout could happen soon or the triangle could be pushed out longer for a longer period of consolidation.
Volume is low within the Ascending Triangle Pattern. We need to see increasing buyer volume on the breakout to confirm the renewed upwards direction. If the breakout is on low volume then it will be a false breakout and the price will potentially drop back within the pattern.
VET has found very strong support from its Ascending Triangle Pattern Trendline.
VET is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Upper Band and Lower Band are pinching inwards indicating volatility is still slowing.
RSI is indicating Momentum is sideways.
The ADX DI SMA is indicating that VET is still in an uptrend, but its a weak uptrend with the ADX (Yellow Line) at 14.4 below its 10 Period SMA (White Line) at 15.4. The + DI (Green Line) at 16.4 and still above its -DI (Red Line) which is at 11.9. A weak trend is to be accepted when there is a period of consolidation.
VET is pushing hard to get above its Volume Point of Control (POC) which i believe it will do after it has chipped away at the shorts. Ideally, we need to close this or the next 4hr candle above the Volume Point of Control (POC).
VeChain is looking absolutely fantastic and it looks like it is potentially poised for another breakout. VeChain is a crypto with a client base that would make any corporate jealous with envy. VeChain has completely gone under the radar of most and i feel it is still the most criminally undervalued crypto ever, but the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer!
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
VET going down?So VET didn't confirm the H&S pattern and broke down from the triangle as I showed in my last idea as you can see in the related idea.
So my new idea is that we could potentially make a double top and go down a little bit to the long-term trend line.
We're just way above the trend.
Now we're going to break the bearish channel... meet the top resistance.
I think we can bounce from the top resistance and go visit the trend line where we can consolidate for a while or bounce to the top.
Then with enough volume, we can fly through the resistance and then we could potentially go to new highs.
VET potential short term volatility (4hr Heiken Chart)VET has been a little indecisive recently. However, narrowing Bollenger Bands may mean a substantial move to either direction is coming. After such a great month of March, I personally feel like VET may need a little more time to cool off before continuing higher past 10 cents. In the event of a solid dip I believe we should be able to find support within the 7.5 to 8 cents region again, which bottoms out around where the 0.382 fib line is from the local top of our last big uptrend. Long term, still very excited, especially with BTC's declining market cap dominance. Hopefully good days are ahead for ALTS overall.
VET cup and handle with BOOBS formation! Hi Traders,
We are looking at the 1 hour chart of VET/USD.
As we can see, a cup and handle with boobs has formed! The boobs suggest a very bullish signal on top of the bullish cup and handle.
Furthermore, the volume in the boobs is increasing which is a good signal. A tight squeeze of the boobs could make life more interesting.
However, I am not a financial boobs specialist, some say they cost a lot of money. Not the creation but the maintaining of it, so don't take this as financial advice.
Press the like button and leave a comment in the comment section!
VET moving up to new ATH?Triangles
So VET is probably making a nice Ascending triangle and also a symmetrical one.
Interesting is that both resistances lead to the almost same point.
Head&Shoulders
VET has also made a reversed H&S pattern which is pretty bullish.
20MA
20MA is now working as a support level and with enough volume, we might see a nice breakup into new highs.
Summary
VET is drawing 2 or 3 bullish patterns.
20MA is also pretty bullish.
We need increased volume to confirm the break-out.
VETUSD the best strategy is patienceVET has 2 possible outcomes - creating a double top and correction to the 0.07$ or continuing with the trend up.
Only time will show - patience is the key !
The 0.22$ price target is the % that VET did from the last dip. (160%)
VET ready to push for ATH/ NEW ATHVechain has broke through the 0.2 FIB level a few days ago and has since been holding it very strong, Im confident we will see a daily close once again above the 0.2 FIB and im looking for us to continue up and go for that ATH level and ultimately a new ATH. Watch the MACD closely i would like to see a clear flip to bullish which right now has been twisting in and out of bullish not moving very much. We are seeing nice support coming in from our Ichimoku cloud opening up a bit and slowly pushing higher. The RSI is slightly pointing up still remaining above our 50 line showing a clear uptrend. The Stoch RSI is also starting to point up even more and recently flipped bullish coming out of our oversold zone. Not financial advice just my opinion.
