vetusdtit keeps its trend line already
if u like my trend analysis why dont u follow me for more charts
VETUSD trade ideas
What does it all really mean?Hey guys,
Just playing around with support/resistance and using trend based fib on a higher time frame with a line graph instead of candles.
I like to keep things very simple so zooming out to the lowest low before the start of the uptrend connecting it to the highest high we currently have and looking for a retracement back to a strong support that has happened already to see where we may land in the future.
At the same time it can be hard to predict which support may be the best bet.
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Catalysts that could help accelerate this?
AMA w/ CEO Sunny Lu on the 16th.
Possible coinbase listing? Recently saw an interview where he was asked about a coinbase listing and he laughed and answered he has signed an NDA... HRMMMM
Anyways, I am new to use trend based fibs in general. The built in script places the highs and lows on candle wicks and personally I think the close of candles gives a better picture.
Vet UPDATE 13 Ema about to cross up 50 SMA March 02 2021 Update
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
Super bullish on vechainVechain is continuing to push higher highs and creating new ATHS, we are pushing the 1.2 Fib level and imo I believe we will see a breakthrough soon and continue to our next FIB level, vechain is in price discovery mode and theres no sign of any bearish movement, the MACD is looking extremely bullish and almost pointing straight up! If we see any dips or little corrections i imagine the bulls will buy it up in a heartbeat and keep pushing price up! NFA just my
Opinion!
Should investors expect negative momentum for VET after hitting Vechain price created a bullish chart pattern that created higher highs and lower bottom patterns, followed by the rising channel pattern. VET is currently trading above all moving averages of 20,50,100 and 200-Day, which indicates its bullish momentum. However, the major thing is consolidated volume, as it is not supportive of the bullish momentum, and it is recorded below its average. . The higher side's resistance is placed at $0.071, and $0.080 can be considered a major psychological hurdle, while on the lower side, support is situated at $0.047 and $0.035.
Break Out of Supply line on 4 hrNot Financial Advice
New to TA so feel free to let me have it
hungry to learn
VET broke the supply line and the blue spider line. Will hopefully back test and hit price target around 0.077-0.080 and eventually 0.11
Shout out to Cryptoface on these spider lines. VET has been crawling right up them
RSI jusssst showing overbought
MacD Momentum coming to the upside
I don't think there would be a good argument for bullish divergence but I could be wrong
6,8,10 & 12 hour VWaps (Kite Strategy) closed over 0 suggesting uptrend
IDK WHAT IM DOINGHey guys here is my analysis for vechain in the near future.
Support and resistance and fibs are good right?
I initially thought VET would consolidate one more day about that .06 cent support but it might just pop up.
Expect .10 cents soon??? IDK hold on to ur butts
VET must hold support!The bulls are coming in strong and buying up this dip and holding our previous ATH support. Looking like a bit of a cool off after our big recent run, we could see a little bit of accumulation on the support line and slightly above but believe we are going to see another strong move up in the near future! we have got very strong support all around with Ichi Cloud and EMA ribbons point up! Our stoch RSI is coming back down from overbought and like i said possible accumulation but ultimately to go back up! Not financial advice just my opinion.
Reference - Popular Alts and BTC Gain/Loss Since Feb CorrectionInteresting tracker to see if you've regained value post-correction from the February to March correction.
VeChain - VET - Crypto - Still trending Bullish?VeChain - VET - Crypto - Still trending Bullish? Should this be in your portfolio?
VET SMASHED THROUGH KEY RESISTANCE LEVEL Vechain has absolutely smashed through this key resistance and flipped it to support, Ichimoku cloud still printing support pointing slightly up and the EMA ribbons are really starting open up and point up with Bullish momentum! The Stoch RSI is in overbought territory so what we could see is a little dip down in both price and RSI but i believe it will get bought up pretty quick and we have a good chance of holding our new support, in that scenario afterwards we will start to see price rise again creating new levels of support! Not financial advice just my opinion.
