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VETUSD trade ideas

VET - Time to buy!Today the VET opened at .05038149. Through the day it traded as high as .05094479 and as low as .03408275 Like other cryptocurrencies, VET also had a big down day Bollinger Bands Looking at the Bollinger Bands for VET, you can see that VET is trading in the lower, which is considered to be a bearish sign. Stochastic This indicator is showing red line is over the blue, showing a bearish trend. MACD Looking the MACD indicator below, you can see that the red is over the blue. This is can is indicative of an overall bearish towards VET by the market. There is really nothing surprising about this, but if you are a contrarian crypto buyer, today was your kind of day.
BITFINEX:VETUSDLong
by SPY_Trader
VeChain - Prioritise AccumulationApologies if this chart seems messy to some, but i understand fully what it all means so it doesn’t confuse me when i look at it. Hopefully you all find it helpful. VeChain is very close to crossing a milestone level……. its Pitchfork Median Line on the daily chart. The Lagging Span (Chikou Span) is indicating upwards momentum. The RSI is also indicating upwards momentum in the overbought range, but being in the overbought range doesn’t mean VET will drop as the indicator can range sideways in the overbought area. We have upwards momentum but VET is still within a sideways range. The ADX DI SMA is indicating VET is in a strong uptrend with the ADX (Yellow Line) at 58.7 above its 10 Period SMA (White Line) at 47.8. The +DI (Green Line) is at 20.3 and the -DI (Red Line) is at 5.8 indicating positive momentum. The +DI has dipped a bit but its still a fair distance away from its -DI so we won’t see a negative momentum crossover anytime soon. The Bollinger Bands Lower Band is still moving upwards and the Upper and Middle Bands are also moving upwards. If you follow the ways of the Ichimoku Cloud then you can see that VET shows no sign of dropping back into the Bearish Zone anytime soon on this timeframe. My personal opinion is that VeChain is still massively undervalued! If VeChain manages to eventually cross over its Pitchfork Media Line on the daily chart and turn it into strong support then i honestly believe that VET will do what ADA did after making $0.1….. soon VET will see $1. Just like ADA before it, accumulation should be prioritised before VET gets near and over $1. I hope this is helpful. Good luck 🙏
BINANCE:VETUSDLong
by entertheroach
6
VeChain - 1hr Chart - Potential Descending Broadening WedgeI thought id do a short-term outlook for VeChain. If we look at the 1hr Chart for VeChain, we can see that VET has a potential Descending Broadening Wedge Pattern which is a potential continuation pattern. At the moment of typing this, VET is inside the Ichimoku Cloud (Kumo) Equilibrium Zone indicating uncertainty for this timeframe. VET has found strong resistance from its Leading Span A (Senkou Span A) and is trying to make its way above it, VET has also found resistance from its Base Line (Kijum Sen), below that is a potential support line and slightly below that is the Leading Span B (Senkou Span B) as another potential support. Ideally we want to close a 1hr candle above the Leading Span A (Senkou Span A) and turn that into strong support. The MACD histogram is still indicating bearish momentum may possibly continue sideways on the 1hr with the MACD Line (Blue Line) still under the Signal Line (Orange Line). The MACD histogram has moved closer to its base line because the distance between the MACD and the Signal has narrowed but its too early to say if we could get a Bullish momentum crossover for this timeframe. The ADX DI SMA is indicating a downtrend for this timeframe because the ADX (Yellow Line) is at 22.7 and above its 10 Period SMA which is at 13.2. The -DI (Red Line) is at 20.2 & above its +DI (Green Line) which is at 10.3. Note however that the -DI Line is pointing down and the +DI Line is starting to point up indicating we may see a potential bullish crossover. The Lagging Span (Chikou Span) is indicating sideways momentum. If VET does drop further, & the Leading Span B (Senkou Span B) support fails "which i don't believe it will because we keep testing the upper Leading Span A (Senkou Span A) resistance', but if it does fail, then it could drop to around $0.035 which is the bottom of the Descending Broadening Wedge Pattern & rebound from there. If it does then i will accumulate more, if we fail to close above the Leading Span A (Senkou Span A), we may possibly continue sideways within the cloud until we push out of it on our sideways momentum. For me, i am still longterm bullish with VeChain & remember that it is still in a Longterm Uptrend so any dips should be used to accumulate more. I hope this is helpful. Good luck 🙏
BINANCE:VETUSDLong
by entertheroach
6
VET/USD Probability of going to $0,085 Cents Near/Short termAs price might seem Bearish to some, i don't think Vet is due to a drop lower.. Please note i might be wrong so DYOR. Price is corresponding to our Bull Flag and touched the 0.5 (golden zone between 0.5 and 0.618) level on the fib, i am expecting price to break out around 18 February and i have my targets at $0.085 cent. You might ask why $0.085? Well that's because my take profit level on the Fibonacci (-0.618) gives me a price of $0.085 and if i measure the low of the Flag pole to the top of it and place it on the bottom of the breakout zone then we have the same price target of $0.085. So, all with all i am Bullish on Vet and as always i wish you all good luck.. may your gains be strong! xoxo Mico
BINANCE:VETUSDLong
by Mr_Valentinovich
1