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VETUSD trade ideas

VeChain Textbook Ascending TriangleVetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again. Pros: - The structure remains very strong despite bitcoin correction, validates an ascending triangle pattern. - Indicators are being fixed, looking ready for rally (etc moving averages coming together) Cons: - Unstable time in the crypto market, BTC hanging on support if break below there will be more downside for all altcoins. Personal trade idea: enter at break above 0.265 with retest / buy at accessing triangle supports. SL 0.195
BINANCE:VETUSDLong
by Mattyx227
3
VET at a discount! Grab it while it lastsRemember that VET has a potential price target of 3.6, it is still currently very cheap! Plus, the ascending triangle clear shows that VET is still respecting the bottom trend line, and is looking to breakout any day soon. Giving us a price target of 0.35 after breakout. This is the only coin that has not been affected too much from the bitcoin dump, really gives a sense of security to us hodlers! Not a financial advise. To be honest this is the only coin i am very positive about!
VLong
by cryptoneubie
4
Long term Vechain chart analysis~lets all pray BTC supports 53K~ (1)VET chart is showing triangle pattern. If VET shows some supports around the lower trend-line and break the upper trend-line, VET will show breakthrough around $0.3, so HODL (2)If VET fails to support the lower trendline, then there's a chance that VET goes down to $0.19 (3)If VET shows support around $0.19 area, then there's a change that VET to reach to $0.216 (4)If VET fails to support the $0.19 line, then VET will show bearish trend until it finds supporting line This VET chart reminds me of S&P500; chart back in 2011 December (lower high and lower low). We can't direct compare VET price to S&P500;, but S&P; is now 4173 (around 1200 back in DEC,2011). So let's wait and see how VET does.
V
by cryptoladder
Early guess, VET forming an ascending triangle? (1hr chart)Not sure if it would be valid, since we dropped into the pattern. VET's daily rsi is now close to leaving the overbought zone, which i'm glad to see because I think after the run we just had we need to consolidate. If this pattern plays out, I suppose $0.3 could be our next major stop. However, if we lose the lower trendline, the first thing i'd be looking for is a double bottom at around $0.19. Curious to see how this plays out.
BINANCE:VETUSD
by rlando
4