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VETUSD trade ideas

VET Price Could Tank To $0.0825 Of The Dip Continues VET price dropped as much as 22% in crypto market correction witnessed on October 28. VeChain is likely to drop another 34% to $0.0825 before restarting the uptrend. The VET price dropped 11% from $0.14033 to $0.12364 in a crypto market dip witnessed on Wednesday October 27. VeChain lost as much as 22.8% from a high of $0.15177 on October 26 to yesterday’s intra-day low around $0.11711. VeChain’s technical pattern hints at further losses. VET Could Risks Losing 34% of its value The VeChain price has been on an uptrend rising a massive 82% from $0.08255 on September 30 to hit a high of $0.15086 on October 25. During this rally, the VET price has spelt out an ascending parallel channel chart pattern on the daily chart. This chart pattern is formed when an asset makes a series of higher highs and higher lows over an extended period of time. At the time of writing VeChain price trades within the confines of the rising channel at $0.12586. It sits on strong support around $0.11855 where the 200-day Simple Moving Average (SMA) coincide with the lower boundary of the prevailing chart pattern. Note that a slip below this crucial level could see the asset slide below the rising channel to tag the 50- and 100-day SMAs at $0.11947 and $0.11855 respectively. Increased selling pressure could see the VeChain price tank below the 0.10 psychological level towards the demand zone ranging from $0.08255 and $0.09540. This would represent up to 34% drop from the current price. The sharp movement of the Relative Strength Index (RSI) Indicator away from the overbought zone validates VeChain’s bearish outlook. On the upside, if VET price bulls push a decisive daily close at or above $0.130 psychological level, it will signal the buyers are back in town. A confirmation of a bullish breakout can be obtained if VeChain produces a daily close above $0.140 above the middle boundary of the ascending parallel channel. If that happens, investors can expect this bullish momentum and other positive fundamentals to push the VET price towards the channel’s top point at $0.16204.
BINANCE:VETUSD
by CoinGape
4
VET wedge breaktrough?VeChain has been stagnant for quite some time now at around 0,10$, although it has reached the upper trendline of a wedge pattern. If the price breaks and successfully retests the upper trendline, VeChain might be looking at new all time highs. Nevertheless the prediction is very bullish, and would probably happen only if Bitcoin continues the surge and manages to hold above the 60k$. The only thing that troubles me is the already quite high RSI, but if altcoins will surge if bitcoins makes a move and holds above ATH, we are likely to see a much more price momentum than I predicted.
BINANCE:VETUSDLong
by RejaA
1
VET - weekly chart analysisVET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle. Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that VET has room to move up before hitting the Bollinger Bands Upper Band on this 1w timeframe. VET is still above its Least Squares Moving Average (LSMA) for this 1w timeframe. For this indicator, ABOVE the LSMA is a potential ‘BUY’ and BELOW the LSMA is a potential “SELL’. Note that VET is still above its Volume Profile Fixed Range POC for the fixed range of 5 weekly candle that i have selected. Note that Volume has increased slightly but note that the Volume Bars are still Below its Volume 20 Period MA. I have added various support and resistance areas on this chart and you can clearly see the interaction with theses area. Note that VET has found some resistance from its first resistance line. The Average Directional Index (ADX DI) is indicating that the trend strength is sideways but strong with the ADX (Orange Line) at 22.69. Note that the 9 Period EMA is above the ADX at 25.38 but is dropping. The +DI (Green Line) has dropped slightly to 21.79 but the -DI (Red Line) has also dropped slightly to 14.34. This indicates both positive and negative momentum has dropped slightly. We will potentially see a massive move upwards if the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) if the +DI (Green Line) is still above and moving away from the -DI (Red Line) on this 1w timeframe. The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. Note that the OBV (Blue Line) has crossed back above the 9 Period EMA (Orange Line) indicating upwards strength on this 1w timeframe. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back ABOVE the Signal Line (Orange Line) on this 1w timeframe. Note that the MACD is still in the Positive Zone above the 0.0 Base Line and note that we have had our first proper Green Histogram for the first time in 7 weeks. I have also added a Trend-Based Fib Extension to show some potential FIB levels if VET continues the upwards trajectory on this 1w timeframe. VET is also in a very thin Rising Wedge Pattern. VET needs to invalidate this bearish pattern by breaking back above it and successfully testing it as support on this 1w timeframe. What is interesting is that the Rising Wedge takes us right up to the 4.236 Fib Level at $0.5147. This is something to keep an eye on on this 1w chart. Note that this chart is looking at the longterm without taking into account what is happening on lower timeframes, which you should be watching & analysing as well. All in all, VeChain is looking great so it should be an interesting couple of weeks for VET providing BTC behaves herself. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Blue squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart 50EMA = Yellow squiggly line on chart Symmetrical Triangle = Converging ascending and descending black lines Rising Wedge = Ascending converging dotted lines Longterm upwards Trend-line = Ascending dashed black line. Support and resistance areas = Horizontal black lines with yellow shading
BINANCE:VETUSD
by entertheroach
1
VET for a break or rejected ? VET is in a range since May and is currently on the top of this range. In Daily the MACD is green and in Weekly, MACD is starting to go green too, which mean we have more chances to break this resistance now than we had before. However, prices could be rejected here and the idea would be to wait for a price confirmation with a Daily close above 15ct, then a pullback to the previous resistance area could be use as an entry. On the other hand, if we get rejected here, i would wait for a return under 13ct and MACD H4 turning green to go for a long. For now we can only wait and see how it will play out.
BINANCE:VETUSD
by Heatrading
VeChain (VET) - October 22Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (VETUSD 1W Chart) - Medium to Long-Term Perspective Above 0.02332630 point: expected to continue uptrend Above the 0.03981204-0.06265984 section: Expected to create a new wave. Above the 0.14187200 point: expected to accelerate the uptrend. (1D chart) Resistance section: near the 0.14187200 point First support section: 0.08458101-0.09110688 Second support section: near point 0.06265984 To break above the resistance zone, we need to check if the price holds above the 0.11326725 point. So, if you find resistance by falling from the 0.11326725 point, you need a short-term Stop Loss. (This is only possible for those who are familiar with short-term trading.) When you touch the first support zone, you need to make sure that it rises above the 0.11326725 point with a sharp rise. If the price holds above the resistance level, I expect a move towards the 0.20955073-0.22890460 area. (1D chart with drawn lines removed) We show you how to set support and resistance points by activating the MRHAB-O indicator set on the chart. Checking the chart, checking the relationship between price flow and volume, and finding support and resistance points in price movement is an important part of trading. I think that the trends or various patterns drawn on the chart are used to analyze the chart. To proceed with trading with this analyzed data, you need to set up support and resistance points or sections. Otherwise, there is a high probability that the distribution of funds will fail. Buying with all your funds at once is a method used in very short, short trades that require a quick sell. This is because, if you do not sell in segments by selling quickly, the psychological burden will increase and your trading may lead in the wrong direction. When the price declines and it is confirmed that the price is supported at any point or section, it is necessary to proceed with a split purchase at that time. Then, if the price surges or it is confirmed that there is resistance at any point or section, we proceed to sell in installments. If the price rises and you find support at the resistance point or section, you can proceed with a split buy. However, since the price is already rising, buying with a large amount of money will increase the risk, so a short-term transaction that can recover the purchase principal is required more quickly. ------------------------------------------ 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, 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.)
BINANCE:VETUSD
by readCrypto
1