VETUSD trade ideas
Resistance and Support Lines for VeChainI've used this chart since mid-last year and it's been promising. It's just an idea of where the potential resistance and support lines are.
VETVeChain Thor (VET) is blockchain with the posited goal of “solving real world economic problems”. VeChain has two kinds of tokens, VeChain Token (VET) and VeThor Token (VTHO). While VET has a fixed supply of ~86.7bn token, VTHO is issued as a block reward for VET staking AMs. VTHO is required for smart contract and transaction executions. Consensus is achieved on a threefold-level: (1) technical level, (2) business level, and (3) governance level
$VET is testing ATHs on the daily -- no kidding!With $BTC expected to hit a consolidation point or minor pullbacks..
...the stage is set for Alt Season 2021!
And we have $VET here that is endlessly retesting ATHs ever since the turn of this year.
While 5th Waves are characteristically related to FOMO, we can clearly see that the 'energy buildup' is increasing ever since late March.
I will not be surprised if more FOMO kicks in and retail rushes in to grab their $VET.
With this information at your fingertips, you have the best seats to front-run these buyers.
Go $VET!
$VET fulfilled its 5th Wave -- but has it completed its move?In this recent study for $VETUSD, we were waiting for price action to touch our TP -- and it did:
A successful movement into Wave 5 territory has been fulfilled, but has it actually completed?
Are we now entering a pullback or corrective trend?
If so, what are the levels for us to watch out for?
Here's a theoretical pullback levels -- assuming we have fully and surely completed this current impulsive 5th Wave:
A TP of $0.10 would be a confirmation that a pullback is nearly fulfilled.
Currently, RSI is at overbought levels and trying to revert back to normality.
Until the pullback is realised, we are still within a bull trend, and further highs are not to be ruled out!
VET BET Daily. Still have targets on the upside. No signs of slowing yet, this is a great hedge against traditional currency alt-coins, as the company focus is industrial supply chain development.
Possible double bottom forming Similar to the triple bottom forming on the total market cap, then VET is forming double bottom in my opinion.
VETUSD green line = support
red line = resistance
white lines = Fibo retracement
Currently we are still in an uptrend (hourly chart) with neutral RSI
0.1327 must be held
MOON CYCLE - VET leading into Full Moon It has room to run, time for a pause into new moon 3 weeks or so.
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VETUSD 4/10/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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This coin had go up so fast and interesting wave counts.
Worth it to add some in portfolio.
If not clear above, here is the chart.
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Vechain -VET- Crypto - Trending To .14? HODL? VeThor rising?Vechain -VET- Crypto - Correction to last post - Trending To .14? HODL? VeThor to rise also?
VET- Three drives Pattern PossabilityIf the current leg up terminates at 161 extension, this will increase the chances of three drives as it its equal to the size the first leg pull.
Vechain -VET- Crypto - Trending To 1.40? HODL?Vechain -VET- Crypto - Trending To 1.40? HODL? VeThor to rise also?
