VET - 0.01 Target Will Get Hit Soon! 🌟Back in Spring 2021 I said VET would see $0.01 again and since the recent slump we are nearly there!
Obviously it wasn't the most popular call when crypto was still full of dreamers high on hopium 😄.
But now it is starting to rock from this corrective area and I have begun to look at new targets.
One of these finds confluence from a 1:2.618 reverse 2 point extension @ $0.004. The 1:1.618 found the bottom of the current corrective area.
And a 1:1 3 point trend based extension hits nearby @ $0.0035.
If it gets there it will be a 99% discount and effectively the slate wiped clean.
I bet the gurus didn't see this one coming 😸.
2021 prediction linked below 👍🏻
Not advice.
VETUSD trade ideas
VET final leg downThe overall crypto market might be one more leg away from the ultimate bottom from a technical standpoint.
On the logarithmic scale 28% away we will reach the most likely bounce reversal point on the price chart
Short term bearish, long term bullish, always watching the macro.
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018.
VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart.
Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe.
VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120.
VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops.
Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD.
Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811.
I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32.
Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe.
So what does all this tell me:
This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level.
Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below.
I hope this is helpful with your trading or hodl-ing.
VET Has Topped And Is About To Get CRUSHED - Heading To SUB $1VET has topped and is about to get CRUSHED in tandem with Bitcoin topping into another long bear market. First target is 0.5 fib at $0.02, but there is a good chance price will reach the 0.618, go sub $0.01 and provide a GREAT entry quite a way down the road.
VECHAIN TO £13- As you can see previously VET did a 15,000% increase within 2 years!
- IF you were to invest £500 by dollar cost averaging in at around £0.02 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 25,000 VET coins!
- Now if you ware to divide your 25,000 VET into 3 sections you would have 8,333 coins split into 3!
- TARGET 1 - SELL 8,333 at the 4.618 level (£1) - 8,333 X £1 = £8,333
- TARGET 2 - SELL 8,333 at the 21 FIB level (£4.87) - 8,333 X £4.87 = £40,581
- TARGET 3 - SELL 8,333 at the 55 FIB level (£13.27) - 8,333 X £13.27 = £110,578
If you have the patience and wait for VET to reach those FIB LEVELS, then your £500 investment could be around £159,492
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARH - ONLY INVEST WHAT YOU ARE WILL TO LOSE!
VET My levels of focus for VeChain. The last we saw this levels was in FEB of 2021 this is a very lucrative spot for positioning. this dropped from a triple top retrace to a drop accumulation with two double bottom curve setups.. this looks good for a breakout opportunity. heres the levels up to focus on
$VET Fib Extension targets for next bull runIF $VET has bottomed out in this bear market (at around 2c in mid-June 2022) then Fib Extension targets for the next bull run are as follows:
1,272 = $0.57
1.414 = $0.82
1.618 = $1.40
Vet (vetchain)I have it in my portfolio.
I Hold it.
in Daily timeframe, there's a range area,
Support and Resistance are clear. Check with Fibonacci
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
VET/USDTHello Traders,
Hope you are doing well,
today we will discuss Vechain's most favorite stock everyone.
VET Is on its last upside move & going to be an end & at the end of the yellow diagonal triangle price will drop heavily.
bearish Candle closed of the previous day & today also will bearish.
this price area is most confluance.
1 Bearish CHannel+Ending diagonal+ low volume+Wave C Completed+ Wave4 Completed.
Have a nice quality trading with me & print more money & stay tuned.
Major Alts Performing Better Against BTC. Why?Looking across major alts with utility we can see they are performing better than BTC over higher timeframes.
In my opinion alts are about to really bounce when BTC rises, whether now, in three months or six months.
Use time to your advantage, wise investments and time on your side. When the bull comes you will prevail.
VET/USD - weekly chart updateLooking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the previous weekly Rising Wedge Pattern that got invalidated.
Here is a closer look at this VET/USD weekly chart:
At the moment of typing this, VET is still way below its 50MA, 100MA and 200MA. For the downside, be on the lookout for if/when the 50MA crosses UNDER the 100MA on this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back above its 200MA and successfully re-test it as support.
VET is also still way below its Least Squares Moving Average (LSMA) for this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back ABOVE and COLSES a weekly candle ABOVE its LSMA creating a BUY Signal for this indicator on this 1 week timeframe, also look out for any successfully re-test as support.
VET is still way below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that both the Middle and Lower Bands are pointing downwards and the Upper Band is sideways at the moment. For the mid to longterm, VET needs to cross back ABOVE and CLOSE ABOVE its BB Middle Band Basis.
Looking at VETs longterm Modified Schiff Pitchfork Pattern, we can see that VET is still way below its Pitchfork Median Line and has also found resistance from its Lower Green Resistance Line.
Looking at the Trend-Based Fib Extension tool, we can see what levels VET has above and below it as potential Support and Resistance. Note that the 1 ($0.01845) Trend-Based Fib Extension Level is located roughly where the 78.60% ($0.1811) Fib Retracement Level is located.
Looking at the Fib Retracement we can see that VET has the 78.60% ($0.01811) and 100% ($0.0857) Fib retracement Levels as potential support.
I have added to areas of Support which i believe are of great interest as highlighted by the Horizontal Black Lines with Blue Shading. We can clearly see that VET has found strong Support from its first Support Area. The longer VET stays and keeps re-testing this area with lower highs, the more the support volume will be chipped away and VET will potentially drop further to its next support cluster.
The Volume Profile Visible Range Point of Control (VPVR POC) is located at $0.004946 and you can see the increased volume cluster located from around $0.00857 to $0.00287. If VET drops to that level, we can expect a huge buying opportunity to cause a spike up.
As you can see on this weekly chart, Traded Volume has been low since around Jun 2021 compared to what VET was getting from July 2018 to May 2021.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.129 and above its 9 Period EMA (Black Line) at 15.182. Note that Negative Momentum has dropped with the -DI (Red Line)at 28.041. Positive Momentum has also dropped with the +DI (Green Line) to 16.636.
Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and has been in the Negative Zone since the week of the 13th Dec 2021. Note that the MACD Line (Blue Line) is slight curving upwards so be on the lookout if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe for this indicator.
Looking At the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is still under its %D (Orange Line) and both lines are deep in the Oversold Zone and has been for the last 10 weeks. What is interesting is that VET has been in the Oversold zone a few times on this weekly timeframe and on 3 previous occasions VET has spent about 15-16 Weeks in this Oversold Zone before rising above 20. Could be one to watch.
I still believe that there is a huge possibility that BTC will hit $12K especially with inflation and the recession we are in, if that happens then we can expect VET to at least WICK DOWN to its 2nd Support Area which is located by its 100% ($0.0857) Fib Retracement Level and its 1.414 ($0.096) Trend-Based Fib Extension Level.
I would not get excited on tis weekly chart unless VET closes and successfully re-test as support its LSMA. For the Longterm, wee need VET to break back above and CLOSE a weekly candle ABOVE its Bollinger Bands Middle Band Basis and 200MA.
Once this world recession is over and the Governments, The FED, The Bank of England ect ect have completely cleaned up from inflation and whatever else, then the Market Makers will eventually decide that the Path of Least Resistance to Profit is upwards. So once this recession and financial/crypto bear market is over, be it in a year, 2, or even 5 to 10 years. You need to position yourself to be able to buy back in on your crypto of choice and take full advantage of the next parabolic wave up.
This is all just my opinion so please do your own research as its your money.
I have tried to cram quite a lot in this post as this will probably be my last longterm VET/USD weekly chart post for a while unless something major happens so I hope this is helpful with your trading and hodl-ing.
VET VECHAIN USD : MACRO BULL FLAG BREAKOUT! $13 TARGETVET is looking bullish. VET hasn't had very much attention in the last few years but I believe its time is coming. There is a major macro bull flag forming and could possibly be completed. A measured move from this bull flag will shoot VET into the $13 to $15 range in a short period of time. Im not sure what kind of news or developments will come out of this project but something is coming. VET is also a great and secure proof of stake coin, and now with the USA government signing executive orders talking about regulating the energy consumption of proof of work coins because of their impact on the environment it means that proof of stake coins will probably explode. Maybe ETH heard something through the grapevine about this and hence why it switched to proof of stake? Either way the chart formation is valid and whatever news comes out it will be huge to fuel this type of run. This is not financial advice this is just my opinion. Thank you
VET/USDThis is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart.
Here is a closer look at this VET/USD 1 week Chart.
On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator.
VET is also back ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that the Upper and Lower Bands are still contracting indicating VET still has plenty of room to move up or down before expansion kicks in and it becomes over extended on this 1 week timeframe.
VET is Back ABOVE its 100MA (Red Line) but still BELOW its 50MA (Blue Line) on this 1 week timeframe.
VET is in a massive Rising Wedge Pattern, the APEX of which is around the week of 5th - 12th May 2025 and is at around $8.8 as indicated by the Rising Converging Blue Lines.
VET is also in a Triangle Pattern as indicated by the Converging Black Dotted Lines.
Looking at the Trend-Based Fib Extension we can see that at the moment, VET has found some resistance from its 0.236 level at $0.0876. Note that the Fib Levels are based on Log Scale.
VET closed the last weekly Volume Bar ABOVE its Volume 20 Period MA, in the Green and this weekly Volume Bar will also close ABOVE its Volume MA.
VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 3 Weekly Candle that i have selected.
Looking at the Moving Average Convergence Divergence (MACD), we can see that we have a BUY SIGNAL on this indicator for this 1 week timeframe because the MACD Line (Blue Line) has crosses back ABOVE the SIGNAL Line (Orange Line) creating a new Green Histogram. This is the first new BUY SIGNAL since the week of 25th Oct 2021 and it’s the first new Green Histogram since 22nd Nov 2022. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line, so the next key thing will be when the MACD Line (Blue Line) crosses back over and ABOVE the 0.0 Base Line into the Positive Zone.
Looking at the Relative Strength Index (RSI) for this 1 week timeframe, we can see that Momentum is upwards at the moment and the RSI (Purple Line) is back above its 9 Period EMA (Orange Line) and indicating upwards momentum strength. Note that the RSI (Purple Line) has plenty of room to move up before entering the Overbought Zone which is above 70 on this 1 week timeframe.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 14.51 under the 20 Threshold and under its 9 Period EMA (Black Line). Positive Momentum has increased with the +DI (Green Line) rising to 25.101 and ABOVE its -DI (Red Line) which is at 19.21. A very good sign on this 1 week timeframe will be if we continue to see the +DI (Green Line) expand further away from the -DI (Red Line) as well as the ADX (Orange Line) crossing back ABOVE its 9 Period EMA (Black Line) and AOVE 20 Threshold.
With such a large rise on the Daily, we shouldn't be surprised if VET re-traces back to its LSMA or even its Bollinger Bands Middle Band Basis 20 Period SMA on the 1 day timeframe. Here is a look at the 1 day chart so you can see the Expansion of the Bollinger Bands. Note that VET found support today from its LSMA Level on the 1 day chart.
Obviously a lot can happen and change in 3 years with the Crypto Market, VET can easily break ABOVE or BELOW and CLOSE a Weekly Candle ABOVE or BELOW the Rising Wedge Pattern's Trend Lines to invalidate it way before it ever gets to the APEX.
The first crucial step for VET will be CLOSE a weekly Candle ABOVE its 0.236 Trend-Based Fib Level at 0.0876 and if needs be, to successfully re-test that level as strong support.
Key things to look out for the potential start off on this VET/USD longterm 1 week timeframe in no particular order:
For the Positive Side:
1: A successful close ABOVE the 0.236 Trend-Based Fib Extension level.
2: Expansion of the Upper and Lower Bollinger Bands while the Price is above the Upper Band.
3: A successful Weekly Close ABOVE the 50MA,
4: The BB Middle Band 20 Period SMA crossing back ABOVE the 50MA
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back above the 0.0 Base Line into the Positive Zone
7: The ADX Line (Orange Line) crossing back ABOVE the 20 Threshold and its 9 Period EMA (Black Line).
8: A Weekly close ABOVE the Ascending Upper Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close ABOVE the Upper Triangle Pattern Trend-line.
10: A successful close ABOVE the 50MA.
For the Negative Side:
1: A successful close BELOW the 0.236 Trend-Based Fib Extension level.
2: A drop back UNDER the BB Middle Band Basis 20 Period SMA.
3: A Weekly Close back UNDER the 100MA,
4: A weekly Close back UNDER the LMA.
5: The 100MA crossing back ABOVE the 50MA
6: The MACD Line (Blue Line) crossing back UNDER the SIGNAL LINE (Orange Line)
7: The +DI (Green Line) crossing back UNDER the -DI (Red Line).
8: A Weekly close BELOW the Ascending Bottom Blue Trend-line of the Rising Wedge Pattern.
9: A Weekly Close BELOW the Lower Triangle Pattern Trend-line.
10: The RSI (Purple Line) crossing back UNDER its 9 Period EMA (Orange Line)
I’m sure I’ve missed a few things but that’s probably enough of me rambling on.
I hope this post is helpful with your Trading, Hodl-ing or DCA-ing.