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VETUSD trade ideas

VETAt the moment we are in an ABC correction of a large elliot impulsive wave structure. I think the C wave will move on to the previous high of the first wave because we already closed a monthly candle beneeth the 0.236 fib and lost support there. If we reach the high of the first wave it is very important that is holds as support. Maybe we will first put a lower high to the weekly 50 MA which sits at around 0.038 dollar before we continue the C wave. When the end of the C wave is reached it is very important that VET holds this support before moving on with the fifth wave. This wave could end at the 1.414 fib or even the 1.618 fib or higher. I'm not a professional and nothing I say is financial advice!
BINANCE:VETUSDLong
by djwally2
1
VET/USD - UpdateAs I mentioned in my previous VET post in March, there was always a possibility that VET would drop out of the Bottom Trend-line of its Ascending Wedge and Invalidate that Ascending Wedge Pattern, which has happened. VET also failed to get back above its 0.236 Trend-Based Fib extension Level on that previous chart so we know that $0.087 is the price that VET needs to close a daily candle above solidified with a successful re-test as support. So let’s move on. Using a longterm Modified Schiff Pitchfork Pattern (A,B,C), you can see that VET is still below its Modified Schiff Pitchfork Pattern Median Line. At the moment VET has found some support from its Lower Green Pitchfork Support Line. Let’s take a closer look at this 1 day VET USD chart with the Bollinger Bands, LSMA and VPFR POC. At the moment VET is fighting to stay back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Not that the Upper and Lower Bands are moving sideways at the moment. Using the VPVR, you can see that the Upper and Lower Bands are located roughly above and below an area of large volume. At the moment VET has found some support from its Least Squares Moving Average (LSMA) level. A daily close ABOVE the LSMA is crucial for continued upwards momentum. At the moment VET is trying to stay back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 22x daily candles i have selected. For your viewing pleasure i have added various support and resistance lines (Black Solid Lines and Black Dotted Line) as well as various support areas as highlighted by the horizontal black lines with yellow shading. As you can see, VET is now in a Descending Triangle Pattern (Bearish) as well as a Descending Wedge Pattern (Bullish). Note that the APEX of the Descending Triangle is located around Nov 2022 and the APEX of the Descending Wedge is located around March 2023. Note that a pattern can easily become invalidated with the price drop below and successful re-test as resistance of the bottom trendlines. Looking at the Average Directional Index (ADX DI) we can see that Positive Momentum is still downwards with the +DI (Green Line) dropping to 14.17. Note that Negative Momentum is also down with the -DI (Red Line) dropping to 20.00. Note that the Trend Strength is still strong but has dropped with the ADX (Orange Line) dropping to 30.52 and the ADX is also back under its 9 Period EMA (Black Line) at 33.84 which is further confirmation of a weakening of Trend Strength at the moment. Looking at the Moving Average Convergence Divergence (MACD), we can see that Momentum is upwards at the moment with the MACD Line (Blue Line) pointing upwards and is still back above its Signal Line (Orange Line) on this 1 day timeframe. Note that the MACD Line (Blue Line) is still BELOW the 0.0 Base Line in the Negative Zone. Looking at the bottom Volume indicator we can see that overall traded volume is still low especially compared to what VeChain was getting from around October 2019 to May 2021. This is similar to Bitcoin’s daily chart which possibly means that while big money might actually be accumulating crypto assets like BTC, but there hasn’t been a constant inflow of big money actually trading crypto like BTC on a regular basis since around May 2021. Using the Volume Profile Visible Range (VPVR) indicator, you can see where the Volume Profile Visible Range Point of Control (VPVR POC) is for this VeChain Chart is. Using the entire charts range we can indicate at what price range was the most volume was traded at. At the moment the Crypto market is following BTC so if BTC drops to $20k or $12,400 then we may see a wick down to around $0.009 which would offer a real great buying opportunity for most crypto. If BTC doesn’t drop to $20K then we will see VeChain eventually break back above its Descending Triangle, its Descending Wedge and eventually back above its Modified Schiff Pitchfork Median Line. I hope this post is helpful with your trading or hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
3
VET / USD Retest And Up We Go Not sure how many people hold Vechain but I do and here is why this is a great investment for me. VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT) . Tracking product, take fish for instance, from start to finish with accountable dates to ensure fresheness as well as reducing waste, shrinkage, etc. It can be used for most businesses to make the flow of product more efficient and trackable from start to finish. Saying all that, if and when Vechain hits around a $1.00 in a few years, whoever got in when it was tenths of a penny should fare pretty well. Current posted chart shows text from last analysis which I am now waiting for a possible retest of that previous resistence to see if it turns support. All thanks goes to Big G, my mentor. Be well and thank you for reading my analysis for Vechain.
BINANCE:VETUSDLong
by musclemilk0075
VET/USD Long From SupportHello and Happy Monday. I am so grateful to have recently bought Vechain. I believe this software platform is versatile and cutting edge tech that will be around for a while. Like ethereum, this decentralized blockchain platform securely executes and verifies application code, aka smart contracts. There are lots of applications in the real world that will benefit from Vechain, in my opinion. I am holding Vechain for a while to see how it goes. The chart's marked zone is where I expect a turnaround and a move up. All thanks goes to Big G, my mentor. This is just an idea and anlaysis, not financial advice. Always trade the trend . Be well and thank you for checking out my idea for Vechain.
BINANCE:VETUSDLong
by musclemilk0075
VeChain (VET) Presently AcknowledgedAt the hour of composing, VeChain (VET) is positioned 37th as indicated by Coinmarketcap.com. The computerized resource has an all out market capitalization of $3.167 trillion and is exchanging at $0.04925. VeChain makes some all-memories high worth of $0.2782 set on April seventeenth, 2021, and an untouched low worth of $0.001678 set on Spring thirteenth, 2020. Beginning financial backers of VET, who have held since the venture's beginning, right now have a return for capital invested of 226.65%. VeChain (VET) is presently an acknowledged type of installment in north of 2 trillion stores that range 70 nations Support for VeChain as an installment choice is the consequence of an association with Speculative chemistry Pay The news comes in the scenery of VeChain being an upheld chain in Binance Extension 2.0 VET, the coin behind the production network blockchain undertaking of VeChain, is presently acknowledged as a type of installment in north of 2 trillion stores that length 70 nations. The new accessibility of VeChain as an installment choice outcomes from another organization with the crypto installment administrations supplier of Speculative chemistry Pay. Speculative chemistry Pay centers around retail exchanges utilizing retail location gadgets. Furthermore, Speculative chemistry Pay's main goal is to expand admittance to crypto with government issued money, consequently supporting the reception of blockchain innovation.
VLong
by DEinvestment
4
PHANTOM TRENDLINE | EDUCATIONAL POST So here are the simple trading rules for the buy setup: Draw a downward trendline If the price breaks the trendline, wait for the retest. If a retest happens, it is better to use a bullish reversal chart candlestick as a trigger to place your pending buy top order just 2-3 pips above that bullish candlestick. If the price decides to go up, your buy stop order will be activated. Place your stop loss(SL) a few pips (5-10 pips) under the low that bullish candlestick. Use the previous chart swing high as your take profit(TP) targets for profit targets.
BINANCE:VETUSDEducation
by IcarusLu
Vechain Price Analysis: VET/USD bearish for the next 24 hoursThe VeChain price analysis shows that the market is bearish today. The strongest resistance is present at $0.0875 while the support lies at $0.0598. The market may see some recovery in the near future as the MACD shows signs of a bullish crossover. The VeChain price is currently trading at $0.0598 and is down by 3.59% in the last 24 hours. The market cap of the coin has also seen a decrease and is now at $3.72 billion. The 24-hour trading volume of the coin is recorded to be at $507 million.
BINANCE:VETUSD
by henryartem