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VETUSD trade ideas

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
VeChain 3 day chart - This time on LOG 😅Here is an updated VeChain chart, i realised that the Previous VeChain chart that i did stupidly wasn’t on LOG. If your chart is not on LOG then it will compress what is below the price in favour of drawing your attention to where the price is. This means that Pitchforks, Fibs, support and resistance lines, Triangles and various other indicators will be giving you false levels if you start in the compressed area like my Pitchfork did. So apologies for this 🙏 If we look at the 3 day chart again “this time on LOG” 😅, VeChain is in a longterm uptrend, The RSI has just gone into the Overbought area, but that doesn’t mean it will drop as it can range sideways in the overbought area as it has done before. The ADX DI SMA is indicating a very strong uptrend with the ADX (Yellow Line) at 46.5 and it has crossed back over the 10 Period SMA which is at 43.8, the +DI (Green Line) is curving upwards at 26.7 and is above the -DI (Red Line) which is at 5.8. All the Ichimoku Cloud Indicators are showing upwards momentum is very strong. VeChain has the potential to close above its Pitchfork Median Line over the next few days or weeks, If it does, then that will be our new Key Support Level on the next leg up. I have extended the Pitchfork Pattern to show what VET has above and below it as potential Support and Resistance Levels. The Bollinger Bands Upper & Lower Bands are expanding outwards indicating volatility is increasing. It looks like VET will continue the strong upwards momentum for a while yet, & please remember that the Price does not necessarily have to drop for the RSI to drop out of the overbought area or the Bollinger Bands to Contract, if VET trades sideways for an extended period, this will cause the RSI to drop and also the Bollinger Bands to contract. If you follow the ways of the Ichimoku Cloud like i do, you can see that the Lagging Span (Chikou Span) on the 3 day is still well above the Previous Price from 30 Periods ago & there is no fear of the Price dropping into the Bearish Zone under the Cloud (Kumo). VET is also quite a distance away from its Pitchfork Hagopian Line so there is no fear of VET crossing that any time soon. I still believe that VET is completely undervalued & any dip should be used as a chance to accumulate more at a cheaper price. I hope this is helpful 👍🔥🚀🌔🪐
BINANCE:VETUSDLong
by entertheroach
2