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VETUSD trade ideas

VeChain: ReboundedVET was pulled back to the 78.60% retracement (at $0.0221) of our blue Target Zone (between $0.0292 and $0.0179) after our last update. From a technical perspective, the low of the blue wave alt.(ii) could now already be established and a recovery could begin. However, this scenario (35%) will only be activated if the resistance at $0.033 is broken. For the time being, we maintain that there should be a further setback to the lower edge of the zone before the coin turns around. With the low in place, a significant increase above the resistance at $0.055 should then set in.
BINANCE:VETUSDLong
by MarketIntel
1
VET - Prime Buy PositionVET #42 If you're looking to buy a solid top tier altcoin that may bring you the volatility that comes only with altcoins but with less downside risk than many others, then VET is a great choice here. This whole area since June '22 has been very shallow in reflection of the highest time frame trend. From the bearish "SC" Selling Climax low of '22 we had slightly lower lows "ST" Secondary Tests signalling downside weakness. From there VET broke out but in the end it form a weak 3 wave 1:0.618 Golden Window correction. And from that peak we saw further bearish action. This is the rise and fall of an accumulation. And it looks very much like we're reaching the end phase of the accumulation here and potentially now at "LPS" Last Point of Support. The recent slump has pulled back to the ideal retracement Golden Window; 0.618 - 0.786. And exactly as we like to see; a very significant support of August 2020 is plumb on the 0.618. So we have double confluence that this can be a significant bullish reversal point here. Whenever we see the 0.618 retracement and a significant support; that is a bit of a clue. Notice as high as the week chart, we have a little RSI uptick of bullish divergence. The RSI source is set to "low" not the default "close" and so it gets a reading from the lowest point. This means that the wick of the lowest candle is captured in the reading. But yet it has printed a higher low on the RSI. This is bullish. On lower time frame down on the day chart, notice the slightly lower low is likely to be a Wyckoff SC and ST, very similar to what we saw through 2022 and 2023, but in lower time frame. So we have multiple layers of Wyckoff accumulation here and looking bullish. Obviously for this to be correct then BTC must not make lower lows or VET will slump lower. If BTC does slump back to the 0.618 as described in a previous thread then VET may have a minor pull back. And in my work I am confident Bitcoin does not have another high time frame wave down as many are calling for dreaming of $35K etc. Thats not happening I think. Those areas are gone. And so VET is in prime buy position here with as little downside risk as you could hope for. See you at the top 😼. Not advice.
BINANCE:VETUSDLong
by dRends35
VeChain: Still Some RoomVET experienced a setback last week within our blue Target Zone (between $0.0292 and $0.0179). This development aligns with our primary expectation, as we still grant the blue wave (ii) scope down to the lower edge of the zone. As soon as the low has been established, the price should turn around and be carried above the resistance at $0.055 by the same-colored wave (iii). However, the minimum technical requirement for the low has already been met. Should the coin break through the $0.033 level directly (35% likely), we will already see it in the blue wave alt. (iii).
BINANCE:VETUSDLong
by MarketIntel
1
VeChain: Turned AroundVET gained sharply last week and left our blue Target Zone (between $0.0179 and $0.0292). In view of this neat turnaround, we now consider the blue wave (ii) to be complete and see the price in the same-colored wave (iii). This movement should reach beyond the resistance at $0.0550. Within the internal substructure, however, it remains possible that our Target Zone could be approached again, which is why we are currently keeping it active. In the event of a further dip, investors can once again cover their positions with long positions, whereby stops could be placed around 1% below the lower edge.
BINANCE:VETUSDLong
by MarketIntel
VET Set for Major Gains: Preparing for Alt Season SurgeVeChain (VET) is part of a blockchain platform that enhances supply chain and business processes. It improves transparency, traceability, and efficiency across various industries, including healthcare, agriculture, luxury goods, and logistics. With the VET coin serving as a transactional token, companies can ensure the authenticity and quality of their products. Currently, VeChain shows significant potential. With a maximum circulating supply of 86.713 billion tokens, about 93.39% already in circulation, VET is poised for growth. The alt season is between Q4 2024 and Q1 or Q4 2025, during which the market is expected to see a substantial increase in volume. This period could present an excellent opportunity for VET to make significant gains. At present, VETUSD's strong support level is at $0.02443. If this support holds, we could see a significant upward movement. However, if it breaks, the next strong support lies at $0.2028, from where a bounce is expected. We anticipate market volume to start increasing from October 2024 onwards, signaling the beginning of a bullish phase. Based on our calculations, VET's bull run targets a minimum of $1 by Q1 2025. If VET flips the $1 resistance by Q1 2025, the maximum target could reach $11.2 by Q4 2025. Alt season often brings unexpected price surges, and we might see similar volatility this time. It's crucial to monitor the resistance zones and manage trades accordingly. We recommend exiting long positions around Q1 or Q4 2025 to capitalize on the bull run and alt season's end. For more detailed analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you need analysis on any specific coins. We're here to provide insights and help you make informed trading decisions.
CRYPTO:VETUSDLong
by Houseofcryptokings
4
Bull trap?This M formation appears on the 2 and 4 hour charts and is usually bearish. We see that price came down to $0.036, corresponding to the 0.618 Fib retracement, which adds to the likelihood that this is a bull trap. We see the same pattern printed in the RSI , which I find incredibly reliable. And We see bearish cross overs in several short term time frames up to 4 HTF. VET has been bogged down by uncertainty in Bitcoin PA and has not been trading with convincing strength enough to break it's overall downward trend. We can expect Vechain to finish the pattern and fall to around $0.035.
BINANCE:VETUSDShort
by theothermurph511
VeChainFor my sport memorabilia enthusiast do i got the one for you. Introducing VET, a blockchain foundation who has just announced a relationship with the UFC. VeChain is powered NFC and blockchain tech that will be integrated into the gloves of the fighters, hence collectibles. Authenticated by blockchain. I think this is big for collectible, because i also read that there will be incentives for actually having owing don't quote me on that. According to VeChain on X. " At UFC 302 each athlete will hold the power of VET." So what does all of this mean, integrated chips will serve as an authentication tool, and a way to engage with fans of the sport. Through bespoke content, dedicated to a single person for unique experiences, marketing opportunities, and special offers such as discounts. It also ensures legitimacy of the item if sold traded, eliminating fraud. One of the biggest reason i took a break from sports collecting. So this might be me back, i do not own any VET or this isnt any financial advice but i do love the idea and concept, and has great potential. Wathing the 0.382 on the FIB, if that fails next support level we are watching will be 0.236 on the FIB.
BINANCE:VETUSDShort
by forstockzonly
VeChain Twist: Next Crypto Crash or Rally?VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up. Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching Wave (2), where we expect it to reach between 50% and 61.8%. This is significantly distant from the current price. We also anticipate that VeChain might react more sharply to a potential sell-off in the cryptocurrency market than other assets, given its recent parabolic rise and increased volatility. As clarified in our last analysis, we've reached the Wave ((b)) at the 138% level, between 127.2% and 138%, and haven't seen this level since, leading us to expect further price declines. We estimate that for Wave ((c)), we might not immediately see a conclusion but rather a drop to the level of Wave 3, followed by an overarching Wave B and then a Wave C formation. The exact unfolding of this overarching corrective Wave (2) remains to be seen. However, we will not alter our stop-loss and will wait to see if VeChain falls as much as we believe it might.
CRYPTO:VETUSDLong
by stromm
2