VET (VeChain) Focus Open Long Position - Bullish VET (VeChain)
Focus Open Long Position for Bullish way
You can see my Point Arrow in Graph
VETPERP trade ideas
VET/USD - updateVET an in-depth 1day chart analysis:
If you look at my previous 3 VET charts and press play, you can see that VET has dropped out of its Symmetrical Triangle Pattern on the 1d timeframe.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Not that the Middle Band is moving downwards and so is the Upper and Lower Bands.
VET is testing its Descending Pitchfork Pattern Median Line, if VET drops below this line the we can expect VET to drop to $0.068 again.
Note that VET is still above its Least Squares Moving Average (LSMA) level at the moment. The LSMA Level is near the Pitchfork Median Line so if VET drops below the Pitchfork Median Line then it may also drop below the LSMA as this area is a crucial support. Note that if VET CLOSES a daily candle BELOW the LSMA then that will be considered a sell signal on this 1d timeframe for this indicator.
Note that VET is also in a Descending Triangle Pattern on this 1d timeframe. Note that a Descending triangle Pattern is a potentially a Bearish Pattern.
For your viewing pleasure i have added various Support and Resistance Lines as well as a few Support and Resistance Areas.
Volume is still very low on this Binance 1d chart and note that VET has not closed a daily Volume Bar above its Volume 20 Period Moving Average since the 10th Jan and note that that Volume Bar closed n the red.
VET is fighting to stay above its Volume Profile Fixed Range Point of Control (VPVR POC) for the Fixed Range of 8x daily candle s that i have selected.
VET is also under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has increased with the -D (Red Line) rising to 17.64 and Positive Momentum has decreased with the +DI (Green Line) dropping to 13.96. Not that the Trend Strength is very weak with the ADX (Orange Line) at 15.21 and still under its 9 Period EMA (White Line) which is at 17.73. Note that the ADX (Orange Line) is still under the 20 Threshold.
If we look at the Stochastic Indicator (STOCH) we can see that Momentum is downwards at the moment and note that the %K (Blue Line) is still below its %D (Orange Line) on this 1d timeframe. If VET drops below its Pitchfork Median Line and LSMA then we will see the %K (Blue Line) enter back into the Oversold Zone agin on this 1d timeframe.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is sideways for this indicator and note that the MACD Line (Blue Line) is still above its Signal Line (Orange Line). Note that Upwards momentum has weakened because today’s MACD Histogram Bar has decreased in size and has lightened. Note that the MACD Line (Blue Lien) is still in the Negative Zone under the 0.0 Base Line and has not been in the Positive Zone above the 0.0 Base Line since the 21st Nov 2021.
If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is still under the 0.0 Base Line in the Distribution Zone. However the CMF (Green Line) is pointing upwards indicating that Accumulation is increasing and this is confirmed by the CMF (Green Line) being above its Least Squares Moving Average (LSMA) (Cyan Line) which is a sign of accumulation strength. For accumulation strength to be sustainable, we need the CMF (Green Line) to eventually cross back above the 0.0 Base Line back into the Accumulation Zone on this 1d timeframe.
At the moment VET is fully under the control of BTC and in what direction BTC goes in. As you can clearly see from this Binance daily chart, Volume is still very VERY LOW for VET as well as for the overall crypto market in general. As we can see, the Market Makers are focusing on other select cryptos at the moment like ADA, but that rise is also being slowed because of BTC’s drop and control of the market. Overall there seems to be a lack of Market Maker Liquidity being traded at the moment.
There is a lot of talk about VET rising BUT any rise NEEDS to be backed up by INCREASING LARGE VOLUME to remain sustainable for the longterm. I would not get excited until Volume Increased and VET crosses above and more importantly CLOSES a daily candle ABOVE the Bollinger Bands Middle Band Basis 20 Period SMA and successfully ret-test it as support on this 1d timeframe. So overall there may be some more really good opportunities to acquire more VET at a much cheaper price.
I hope this is helpful with your Trading and Hodl-ng.
NOTES:
LSMA = Yellow Squiggly Line on chart
Bollinger Bands = Grey Bands on Chart
VPFR POC = Short Horizontal White Dashed Line on Chart
VPVR POC = Long Horizontal White Dashed Line on Chart
Support and Resistance Areas = Parallel White Lines with Yellow Shading on Chart
Volume Bars = Red and Green Bars bottom on Chart
Volume MA = Orange Line going through Volume Bars on Chart
Pitchfork Median Line = Long Descending Thin White Dashed Line on Chart
Vechain primed for a run!!Today we are looking at Vechain on the daily timeframe and one thing is pretty clear... we are ready and looking for a run to the upside, VET has seen a steep decline in price since mid November but that doesn't change the absolute brilliance and expanding business of this project! I am personally looking to pick up some more Vechain adding to my current bag around our current price and also if we see a little bit further of a drop. I have drawn out a buy zone that i am personally looking at, from where we are right now to the bottom 0 FIB level at just about 7 cents USD (0.0069). Looking at the BJ Key levels we are currently coming down turning a couple key levels back to resistance but more of what i looking at is the level directly above the 0 FIB, this represents strong key support and gives us a likely chance to see a nice bounce and reversal. Checking out the MACD we are looking okay but not very bullish as of right now, the histogram has had a tiny green cycle but is now on the way back down to the midline, now we could either see a push into a red cycle or we can likely see a bounce and another green cycle, what we want to see is an increase in green bars day by day showing a rise in bullish momentum, the blue MA is trailing back towards the orange where we could either be looking at a bearish cross or a fakeout and bounce, think we are very likely to see a bounce sooner than later due to the current downside we are facing! Checking out the RSI we are looking at a potential bounce here aswell, we are currently sitting right on the yellow simple moving average coming in for support for us and this spot also gives us an opportunity for a bounce, the main goal here is to make our way upto that midline and ultimately reclaim it, this is the most important step because it allows us to reclaim a confirmed uptrend, being stuck below the midline keeps us in a confirmed downtrend and being above and holding it puts us back into a confirmed uptrend! Not financial advice just my opinion!
VeChain (VET) - January 15Hello?
Welcome, traders.
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Have a nice day.
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(VETUSD 1W chart)
Above the 0.03981204 point: the uptrend expected to continue
Above 0.08458101 point: Expected to create a new wave.
We need to see if we can move above the 0.08458101 point along the uptrend line.
If it continues to fall, it could fall near the 0.03981204 point, so you need to trade cautiously.
At this point, it must move above the 0.10127644 point to turn into an uptrend.
To continue the uptrend, you need to break out of the downtrend line.
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(VETBTC 1W chart)
Above 158 Satoshi point: Expected to create a new wave.
A volume profile section is being formed over the 158 Satoshi-260 Satoshi section.
As such, it is important to be able to sustain the price above the 221 point.
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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 the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
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vet/usd perspectiveRight now VET is completing its corrective phase, that's clear for me that we are in expanded flat right now (where B is above the start of A and C is beyond the end of A, and where each wave is longer than the previous one) but whether in 2 minor wave or primary wave 4 as a double three pattern (zigzag any three and expanded flat)
Based on extended primary wave 3, reasonable target for primary wave 5 could be at 1-1.5$
Also we see the bullish divergence (convergence) on MACD
Anyway the correction has almost ended, and in forming primary wave 5 it will be clearer to see actual price target
$XRP $VET COMPARISON OF PATTERNa comparison of accumulation pattern for $XRP to $VET
xrp currently at a point of retest for the accumulation zone
vet coin don't miss this coinvet in buying zone don't miss this time vet 200% profit opportunity
look this idea carefully
VECHAIN road to 0.18VET/USD
Vechain looks very bullisch on long and schort time .
but we all know VET/USD is for long time-investors.
NOT FOR PANIC SELLERS
Vechain #VET. Multi-Month Schiff PitchforkBINANCE:VETUSD
After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone 2 and continues down the multi-month pitchfork as resistance. I'm not a pro and nobody should trade off of my ideas. Just verbalizing it for commentary and criticism to learn.
If it breaks above Zone 1, 1) I will be happy for my long-term bags, 2) Will revisit this chart.
Vechain ready for a run!!?Vechains daily candle today is rising fast and currently sitting around a +10%, we are looking very bullish if this price action continues and we could be seeing the beginning of a breakout for VET! We are currently trading inside of a bullish triangle where the chances of us breaking out to the upside is likely, especially when you look at our current spot in price, we are sitting above the pivot point where if we can close above could send price action flying upwards likely shredding through multiple major levels on the way. As far as resistance goes we are looking at the pivot point we are currently above and then the top of this bulllish triangle, the 0.6 FIB level and then the R1 resistance apart of the pivot points! for our support we have quite the cushion underneath us we are looking at the midline on the bollinger bands (if we close above today) uptrend support coming from the bottom of our triangle, support at 0.08 cents, and support at 0.069 cents! Looking at our bollinger bands we notice that price action is sitting right below the top band, if we can make the push today to close ontop of here we could be looking at a big run to the upside, even if we take a couple days to do so a close ontop of this top band is going to be very bullish! Our MACD looks good we seem to be starting another bullish run here, the histogram came way down but todays green bar is significantly bigger than yesterdays, showing us a rise in the bullish momentum, and if we can continue this on day after day then we are looking at another bullish cycle. The MA's are a little bit squeezed together which we would like to see that separation, but the blue MA is starting to bounce and seems to be reversing and ticking back to the upside, this is exactly what we want to see here and ultimately continuing this on creating that big separation making it more difficult to trigger a bearish cross! NFA just my opinion!
VET Long Idea 1H 200,100, 9SMA Cross. For three days VET has been consolidating around its 200SMA ~ $0.085. VET announced its new regulated stable coin $VeUSD. Now as BTC and ETH fall VET is showing strength. There is slowly and subtly divergence between certain small util and promising blockchain protocols/tokens and the large cap coins i.e BTC,ETH.
If given the volatility we can remain over the 200 & 100 SMA I am expecting short term bullish price action if the demand around .09 can continue to take out the supply. Long term I think VET has the potential to steal market cap from other less efficient, less secure and overly expensive payment protocols. Ultimately I believe the large scale institutions will be able to apply and coexist with blockchain protocols that provide solutions to our modern problems such as data storage, logistics management & financial payment, lending/saving/ credit solutions.
FTX:VETPERP
VET UPDATEdon't miss this coin 200% profit chance
support
0.061$
0.081$
target
0.141$
0.153$
0.23$
0.28$
Goodbye 2021Welcome 2022
vechain still Bullish
we are on a very strong buy alertzone
whatt are your christmas presentssss????
Goodbye 2021Welcome 2022
vechain still Bullish
we are on a very strong buy alertzone
whatt are your christmas presentssss????
VET lazy upward moments incomingThis is probable trade setup and don't expect to go higher than the heavy resistance, i would not hold this trade anymore if i see many rejections from resistances because VET faces some big resistances now.
Use trailing stop loss and let a little bit run if all the targets hit for more profit.
VeChain 1d chart - still on Low VolumeVeChain Update:
VeChain is still in its massive Symmetrical Triangle Pattern as indicated by the converging ascending and descending dotted trend-lines.
At the moment, VeChain is trying to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain need to close this daily candle above the BB Basis. Note that Lower Band is moving upwards and the Upper band is moving sideways.
VeChain is still below its least Squares Moving Average (LSMA) for this 1d timeframe. If you are waiting to go long using this indicator then wait until a daily candle closes back above the LSMA level.
Note that VeChain is still in the Bearish Zone of the Ichimoku Cloud.
At the moment, VeChain is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 6x daily candles that i have selected.
At the moment, VeChain is below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
Note Volume is still very ow on this Binance 1d chart, and note that the last 6x daily Volume Bars have been way below its Volume 20 period MA. We need to see rises on increasing volume for any upwards momentum to be sustained.
I have added some key support and resistance areas indicated by the Black Horizontal Parallel Lines with Orange Shading. I have also added some key support and resistance lines and indicated by the various dashed, solid and dotted lines.
If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has dropped with the -DI (Red Line) dropping to 19.45. Positive Momentum has also dropped with the +DI (Green Line) dropping to 16.09. Note that the Trend Strength has weakened with the ADX (Orange Line) dropping to 25.24 and is still below its 9 Period EMA (Black Line) which is at 30.19. For any upwards momentum to be sustained, we need the ADX (Orange Line) to stay above the 20 Threshold (Black Dashed Line) and we 100% need the +DI (Green Line) to cross back above the -DI (Red Line) on this 1d timeframe.
If we take a look at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment. Note that the %K (Blue Line) is fighting to stay above its %D (Orange Line). The %K (Blue Line) needs to stay above the %D (Orange Line) for continued upwards momentum. If the %K (Blue Line) drops and stays below the %D (Orange Line) then we will see further drops on this 1d timeframe.
Here is a wider look at this 1d chart, you can clearly see the difference in Volume that VeChain has now compared to what VeChain has experienced in the past. At the moment Volume is very, very low.
So what does all this mean to me? I would be very suspicious of any rise happening on really low volume. For me, I wouldn’t get excited by any rise unless its on increasing Volume. As always, we need to keep an eye on what BTC is doing as Bitcoin is still in a H&S Pattern.
Be on the lookout for a successful break above the LSMA indicator level and any successful re-test as support as well as the +DI (Green Line) crossing back above the -DI (Red Line) on the ADX DI indicator on this 1d timeframe.
I hope you’ve found it helpful with your trading and hodl-ing.
VECHAINVechain is battling support and resistance. If it loses support we may go for a retest of around $.06.
We have a long in on Vechain with 2 buy areas. .8-.10 and .6.
Our target RIPFT is .18 - .22
Long VETUSD | Update on Vetchain on the raod to $0.35First and foremost this is my own hypothesis and in no way suggests a buy or sell advice.
We ended our Phase 2 correction at $0.07 after a Zig-zag in ABC decomposition (Purple).
We then started our phase 3 with the two sub-waves 1 formed in recent days.
We are now entering phase 3 of the sub-waves which will form the bullish impulse of our bullrun.
A first objective towards 0.187 offering us a beautiful opportunity of 122% attention in counterpart not to go down below 0.066.
Let's give IOTEX time to validate this analysis.
If you agree with this scenario let me know with a like.
Otherwise let me know your point of view with a comment!
VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe.
VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended.
Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe.
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone.
At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC.
At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC.
Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe.
If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe.
Here is a wider look at this 1d chart:
I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout.
I hope this is helpful with your trading and hodl-ing.
VET Price Targets for 2022Some price targets for VET for 2022. These might seem quite a stretch from the current price, but as many of you know, when prices take off in crypto....
I feel confident we can at least reach the 4.236 by EOY.
