$VET BREAKOUT!Diamond pattern for $VET on the 4hour timeframe... This could take price to $0.51 but if it breaks to the down side the target would be $0.11
VETUSD trade ideas
VET - $0.28VET is currently trading above the support at $0.1261. If it can stay above this support, we could start seeing a move towards $0.1401 and $0.1518. If the resistance at $0.1518 breaks, we could start seeing a move towards $0.1672, $0.1891, $0.2109, $0.2421 and $0.2818. Failure to hold the support at $0.1261 could lead to a drop towards $0.1116, $0.1048 and $0.0956.
long vetusda chart that is quite systematic wedge resistance is broke retested with a bullish harami and continuation is in
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.
VET might breakoutVET testing channel resistance.
looks like weak resistance.
breakout possible to 0.15
VET:USD broke out!!VET broke out of the triangle pattern and retested the resistance line as support.
We are currently hitting a strong resistance zone,
once we get past it we can expect A VERY strong move.
The price expectation for this pattern is 0.35 DOLLAR.
VET | TO $0.23 SOON!I am very bullish on VET!
We should see VET to 0.23$soon !
The RSI shows that VET is almost 'overbought', I think we should have a pullback to 0.12$ so the strength can go down and we have a retest.
Afterwards we will go to new heights! Fibonacci shows that we will be heading to $0.16, 0,19 or 0.23$.
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.
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
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.
$VET ABOUT TO BREAK OUT!After a 6-month consolidation within a symmetrical triangle, $VET looks ready to break out into a 5th Elliot Wave.
LMACD, RSI & STOCH RSI all support the Bullish case
Reminiscent of the Nov 2020 start of 3rd Elliot Wave
Hang on to your VeHats!
Mega bullish on VET - 7 x to $1 ? Yes probably by Q1 2022I really believe VET can do a 7-10x from here. Getting to $1 or more at the top of the bull run.
Vechain (VET) to .30+ by end of November Refer to the descending resistance on both price action and RSI. Possible hidden divergence setup. .14 and .16 resistance levels and breaking them would actually flip our RSI and movement trend back bullish. I think BTC consolidates next 2 weeks and alts gain dominance. .31 PT for VET by end of November.
VeChain (VET) - October 22Hello?
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(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.
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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 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.
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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 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.)
VETVET Mainnet will be upgraded by the end of October ( good news)
it has only 8.5B marketcap and I wouldn't be surprised if it makes 3X in next coming months
As you can see, the falling wedge has unfolded on both weekly and daily chart which is a bullish pattern
DYOR and I wish you the best
VETUSDSTILL BULLISH ACCORDING TO T.A the market is in ascending channel we expect in the coming month price of VET to be around 1$
Vechain Possible Hidden Bullish Divergence!!?Looking at Vechain we have recovered nicely off of the little correction we had and we are starting to push back up towards our previous high at 0.16c shown by red horizontal ray, but the main thing i wanted to discuss here is the very possible hidden bullish divergence that could play out in the coming days/week/s. This pattern is a continuation pattern of the current trend we are in and could keep pushing VET to the upside. Before we get into this possible outcome lets discuss the bollinger bands first, the main thing we notice is the squeezing of the bands which means volatility is shrinking and we are set for an explosive move in a matter of time, now the bollinger bands don't indicate which way but that is why we use other indicators to try and determine that. we are holding the midline quite strong and its looking like we will continue too after todays daily close, and keep in mind with the bands so close to price action a little pump could ignite a massive one if price action grabs onto that top band! Now the hidden bullish divergence, what we are looking for and we are already seeing is higher lows on the price chart which is shown by the green uptrend line and then lower lows on the oscillator and in this case i am using the stochastic RSI, look at the yellow horizontal ray, that line shows our previous low and what we are looking for here is a fall below this level and a creation of a lower low, similar to the path ive drawn on the Stoch RSI, the path shows a likely scenario because we have support down there shown by the green horizontal line, but we could see this play out anywhere inbetween the green and yellow horizontal lines and anywhere in that area would be valid for this divergence! and with the stoch rsi just having a bearish crossover this could play out perfectly, on the price chart we still have a bit of room to fall down along with the stoch RSI we just have to make sure price action keeps on making higher lows which can be seen by following the green uptrend line, if we made a higher low on the green uptrend line that will definitely be enough for the stoch RSI to fall into that zone we talked about and then go on to make that lower low. Now something key here is when we look at the RSI we see that we are falling a bit along with the stoch RSI which is completely normal and we are coming up on the midline in a bit and now this is where the hidden bullish divergence CONTINUATION comes into play, we are currently in an uptrend shown by being above the midline and we want to stay above here when the stoch RSI makes that lower low to complete the divergence pattern and the continuation part goes hand in hand with us being in a confirmed uptrend. And when we talked about having room to fall on both price action and the stoch RSI the same thing goes for the RSI, we definitely have room to fall along with both of these other factors and we can likely see ourselves getting a bounce off the midline which is currently support (as shown by path) and then continue back upwards, it really looks like we could see all of these get that bounce which we need for this to complete the pattern and the beauty is that all these indicators play into eachother and follow eachother so that gives us more hope that this is really going to play out similar to how i have it layed out! Then pair this divergence pattern along with the squeezing bollinger bands and we could definitely have ourselves a huge catalyst for a mega breakout to the upside and a continuation of this uptrend! Not financial advice! If you have any questions don't hesistate to ask i will do my best to explain further and answer in good time! Cheers everyone this is very exciting!
VeChain Price AnalysisThe four-hour chart shows that the VeChain price has been moving sideways recently. Along the way, the coin has formed an inverted head and shoulders pattern. The price is also consolidating at the 25-day and 50-day moving averages. It is also at the right shoulder.
Therefore, while it is too early to tell, the price will likely break out higher in the near term. This bullish view will be invalidated if the price manages to move above the neckline at around $0.1300.
On the flip side, a drop below the support at $0.1100 will invalidate the bullish view.
Feel free to get in touch for premium trade signals
VET-Vechain Bullflag in the making Vechain forms a beautiful bullflag. The price target is around 0,1485.To enable the breakout, two lines must be broken.
first resistanceline is the geenline in the bullflag.
second resistanceline is the yellowline this line is more important.
The line has been around since April,20,2021.In the last few months there have been several attempts to break the line
if we break and hold the line upwards. The next price targets in next weeks are 0.1411 and 0.1531.
It would also be possible that we would be dismissed from the yellow resistance line again, if that happened the next price targets for the blue support lines.
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