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VETUSD trade ideas

Vet Vechain broke downtrend;BIG MOVES comingVechain in this daily chart holding steady just above the ema 5, 10 & 20 lines. It also holds the strong lower horizontal support zone. Bollinger Band also squeezing signaling a very strong move soon. First thing bulls have to do is to break above the ema 50 green line resistance to get inside the Ichimuko Cloud. Breaking above the cloud will commence a bull run. Pls check but I think there is a slight divergence in the RSI. Not trading advice
BINANCE:VETUSDLong
by xtremerider8
VET:USD Bear Targets $0.009 - $0.03I thought this was going to be a quick and easy analysis but it's latterly taken days! I got bogged way down in the Elliott count and in the end had to strip the chart bare and start again. What you see here is as simple as I could make it. I still prefer the bull count but it's always good to have a roadmap for when you're wrong. But there are a couple of reasons to lean into this bear count over the bullish one; the 144, 169 & 244 EMAs have now crossed bearish on the Daily. Combine that with the amount of time this correction has taken and now the case for this bear count is starting to stack up. Key Points: 1st full impulse potentially complete looking for a rally to put in the X wave before continuing lower There are 3 high probability zones for the Y wave in this bear count If the X wave only makes it to the 0.5 fib, the target for the 1:1 of X:Y moves lower and becomes part of the 2nd cluster near the 0.5 fib If this count is correct I would love it to stop at the first target! But keep in mind if this is a completed 1 wave and we are now looking for a 2nd wave low on the higher degree; the high probability zone is between the 0.5 - 0.618 fibs. The Trade: Short: Entry 1: $0.0911 Stop 1: $0.0969 -6.3% Entry 2: $.1083 Stop 2: $0.1149 -6% Cluster 1 Target 1: $0.0312 1st algo -0.236 Target 2a: $0.0253 1:1 wave X:Y (projected from the 0.618) Cluster 2 Target 2b: $0.0253 1:1 wave X:Y (projected from the 0.5) Target 3: $0.0203 0.5 fib Target 4: $0.0178 0.618 2nd algo -0.618 Cluster 3 Target 5 $0.0109 0.618 fib Target 6: $0.0102 3rd algo -1 D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. DO NOT TRUST THIS ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else. These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests. Please respect my time and don't ask; because I dislike having to reject you
BINANCE:VETUSDShort
by TribeWriter666
9
VET/USDVeChain Update VeChain had broke out of its previous Falling Wedge Pattern but is still in a downwards channel. VeChain failed 4x to close above its sideways Pitchfork Median Line (A,B,C). VeChain has closed below its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that a close below the LSMA is considered a sell signal. At the moment, VeChain has found support from its Bollinger Bands Middle Band Basis 20 Period SMA. A close below the BB Basis and re-test as resistance will be further confirmation of continued downwards momentum on this 1 day timeframe. Note that VeChain is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10x daily candles that i have selected. Note that VeChain is still below its Volume Profile Visible Range Point of Control (VPVR POC) fro this charts visible range. Volume is still low on this Binance chart and the last 4x daily Volume Bars have closed below its Volume 20 Period MA. I have added some areas of potential support as highlighted by the horizontal Black Lines with Yellow Shading. Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has overtaken Positive Momentum on this 1 day timeframe because the -DI (Red Line) has crossed back above the +DI (Green Line). The -DI (Red Line) has risen to 22.81 and the +DI (Green Line) has dropped to 18.72. The trend strength is weakening with the ADX (Orange Line) dropping to 24.14 an it is still below its 9 Period EMA (Black Line) which is at 28.46 and is a further sign of weakening trend strength. Looking at the Elders Force Index (EFI) we can see that the bulls have lost a lot of strength but is sideways at the moment, note that the EFI Line (Red Line) is still above the 0 Base Line. Note that the EFI Line (Red Line) has dropped below its 9 Period EMA (Cyan Line) which is a further sign of weakening bull strength. If the EFI (Red Line) crosses below the 0 Base Line then that means that the Bears have taken full control on this 1 day timeframe. Looking at the STOCHASIC indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Blue Line) is still below its %D Line (Orange Line). Note that the %K Line (Blue Line) is indicating that VeChain still has room to drop before becoming Oversold on this 1d timeframe. Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is point downwards and is still under the 0.0 Base Line in the Negative Zone. The MACD Line (Blue LIne) is still above its Signal Line (Orange Line) so we need to keep an eye on this as if the MACD Line (Blue Line) crosses back below the Signal Line (Orange Line), as this will be a sell signal for this indicator on this 1 day timeframe. There are a few things to look out for if you are uncertain if or when to go long, be on the lookout for a successful daily close above the LSMA, the Bollinger Bands Middle Band Basis and The Pitchfork Median Line as well as keeping an eye out for any successful retest of those levels as support. With any rise, you need to also keep an eye on the volume as ideally you want any sustainable rise to be supported by increasing volume strength. Also be on the lookout for if/when VeChain crosses back above the upper descending trend-line of the descending channel as well as any successful retest of that previous resistance as support. So at the moment, it looks like there will be some really good opportunities coming up to acquire more VeChain or your crypto of choice at a much cheaper price. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
VET : USD New Bull Targets $0.64c - $0.71 Like almost everything else in the crypto space, the proposed wave 4 for Vechain is deeper and has taken longer than I would like to see. Worth noting is that wave 3 didn't hit the full 1.618 extension either. Above is the bullish case but I also have a bearish case in mind that I will post early next week. Key Points: Wave 2: Hit high probability zone (0.618 fib) Wave 3: Hit 2nd most likely extension (1.272 fib) Wave 4: Retraced deep (0.5 fib) Wave 5: Target $0.64 - $0.71 Wave C of the 4th wave correction only extended to 0.786 of A wave projected from the end of wave B. Median line trade in play The Trade: Entry 1: Retest of the 1h 244 EMA Entry 2: Breakout and retest of the 4h EMA once it had crossed bullish Target 1: Median line ~$0.20 (80% probability trade as long as wave 4 pivot holds) Target 2: 0.236 fib of wave 3 $0.64 Target 3: 1:1 of wave 1 projected from end of wave 4 $0.71 Stop 1: Break and close below 1h 244 EMA (Can re enter on any bullish break above the EMAs or any retrace to significant fib zones, but a break below the wave 4 low had me out of this trade to re assess) Stop 2: Once the 4h 244, 169, 144 EMAs have crossed bullish and price is above, Exit position on the break close and test from below the 4h 244 EMA *Note: After looking at this again I realize the 4th wave correction should be labeled as a WXY correction instead of ABC- I also realize labeling as an WXY without putting it on the chart itself might confuse new traders and either way it doesn't change the outcome of the projections so I'll leave it as is for now! Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else. Please be aware: these analysis take a considerable amount of time, consequently, I'm not taking any analysis requests. Please respect my time and don't ask; because I feel bad when I have to reject you!
BINANCE:VETUSDLong
by TribeWriter666
6
$VETUSD DBL Bottom$VETUSD entry PTs .001435-.008609 Target PTs .7628-1 and higher (Buy on 10/10/2022) Possibly .00143582 to .75 Returns 522X Possible returns +19,561% to +52,134% Prior run .00143582 to .2823 Returns was 196X +19,561% Sequence 5; 1 bar .00541018 X 6 Sequence 9; 6 bars .00541018 X 6 = .032 Sequence 4; 8 bars .032 X 8 = .2596 VeChain Coin Price & Market Data VeChain price today is $0.060368 with a 24-hour trading volume of $271,235,528. VET price is up 3.2% in the last 24 hours. It has a circulating supply of 67 Billion VET coins and a total supply of 86.7 Billion. If you are looking to buy or sell VeChain, HitBTC is currently the most active exchange. What is Vechain? VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. VeChain plans to achieve this secure supply chain management ecosystem via the method of asset digitization. VeChain enables manufactures to assign products with unique identities to the platform. This will allow manufacturers, supply chain partners, and even consumers, to track the movement of products through their supply chain. Vechain Foundation There is also the VeChain Foundation. The Vechain Foundation is a non - profit entity established in Singapore in July 2017 and is responsible for the construction of the network, and technological research and development. The Foundation also plays an important role in business development. The Foundation encourages and supports partnerships with enterprises that may be interested in utilizing blockchain technology as a service. This includes payment services, private key management, smart contract development, and wallet development. There is no doubt that blockchain technology can be an important innovation to supply chain management. With a growing list of business partnerships and technological developments, VeChain is positioning itself to be THE disruptive, and innovative force that reshapes the way we think about supply chain management. VeChain team Sunny Lu is the CEO of the VeChain Foundation and has already become an important figure in the blockchain space. Before he established VeChain, he co-founded the Chinese Internet start-up which developed Qtum, a very important digital asset in the crypto space. He was previously the CIO and COO of Louis Vuitton China.The team behind VeChain consists of over 90+ employees, most of them being developers. Chief Technology Officer, Gu Jianliang, has over 18 years of experience in areas such as mobile devices and the IoT field, and has created over a 100 patents in several technological fields. Kevin Feng serves as the Chief Operations Officer of the VeChain Foundation. Feng has been actively involved in many technology projects in his 12 years working for VeChain’s partner, PWC, as a consultant and assurance advisor.
BINANCE:VETUSDLong
by BADQOMOCAWGOWLD
VET/USD - Potential Bullish DivergenceWe have a potential Bullish Divergence with the Price on the VET Chart and the MACD Line on the Moving Average Convergence Divergence (MACD) indicator as indicated by the Converging Blue Lines. Note that the MACD RED Histograms have also shrunk in size, confirmation will be if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) on this 1 day timeframe. Note that the Stochastic Indicator (STOCH) is showing that VET has plenty of room to move up before entering the Overbought Zone on this 1 day timeframe. Note that the %K (Blue Line) is still above the %D (Orange Line). At the moment of typing this, VET is fighting stay above its Least Squares Moving Average (LSMA) on this 1d timeframe. A successful daily candle CLOSE above the LSMA on this 1 day timeframe will be considered a Buy Signal for this indicator. At the moment VET is back above its Bollinger Bands Lower Band but note that VET is still well below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. For any recovery to become sustainable longterm, we need the Price to CLOSE above the BB Middle Band Basis with a successful re-test as support on this 1 day timeframe. VET is also in a Falling Wedge Pattern on this 1 day timeframe. A Falling Wedge Pattern is a potential Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is at $0.026 which is around 22nd March 2022. At the moment of typing this, VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 6x daily candles that i have selected. Obviously VET is still under the influence of BTC so we have to keep an eye on what BTC is doing as a drop with BTC will drag all alts down with it. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSD
by entertheroach
2
VET/USD - updateVET an in-depth 1day chart analysis: If you look at my previous 3 VET charts and press play, you can see that VET has dropped out of its Symmetrical Triangle Pattern on the 1d timeframe. VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Not that the Middle Band is moving downwards and so is the Upper and Lower Bands. VET is testing its Descending Pitchfork Pattern Median Line, if VET drops below this line the we can expect VET to drop to $0.068 again. Note that VET is still above its Least Squares Moving Average (LSMA) level at the moment. The LSMA Level is near the Pitchfork Median Line so if VET drops below the Pitchfork Median Line then it may also drop below the LSMA as this area is a crucial support. Note that if VET CLOSES a daily candle BELOW the LSMA then that will be considered a sell signal on this 1d timeframe for this indicator. Note that VET is also in a Descending Triangle Pattern on this 1d timeframe. Note that a Descending triangle Pattern is a potentially a Bearish Pattern. For your viewing pleasure i have added various Support and Resistance Lines as well as a few Support and Resistance Areas. Volume is still very low on this Binance 1d chart and note that VET has not closed a daily Volume Bar above its Volume 20 Period Moving Average since the 10th Jan and note that that Volume Bar closed n the red. VET is fighting to stay above its Volume Profile Fixed Range Point of Control (VPVR POC) for the Fixed Range of 8x daily candle s that i have selected. VET is also under its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has increased with the -D (Red Line) rising to 17.64 and Positive Momentum has decreased with the +DI (Green Line) dropping to 13.96. Not that the Trend Strength is very weak with the ADX (Orange Line) at 15.21 and still under its 9 Period EMA (White Line) which is at 17.73. Note that the ADX (Orange Line) is still under the 20 Threshold. If we look at the Stochastic Indicator (STOCH) we can see that Momentum is downwards at the moment and note that the %K (Blue Line) is still below its %D (Orange Line) on this 1d timeframe. If VET drops below its Pitchfork Median Line and LSMA then we will see the %K (Blue Line) enter back into the Oversold Zone agin on this 1d timeframe. If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is sideways for this indicator and note that the MACD Line (Blue Line) is still above its Signal Line (Orange Line). Note that Upwards momentum has weakened because today’s MACD Histogram Bar has decreased in size and has lightened. Note that the MACD Line (Blue Lien) is still in the Negative Zone under the 0.0 Base Line and has not been in the Positive Zone above the 0.0 Base Line since the 21st Nov 2021. If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is still under the 0.0 Base Line in the Distribution Zone. However the CMF (Green Line) is pointing upwards indicating that Accumulation is increasing and this is confirmed by the CMF (Green Line) being above its Least Squares Moving Average (LSMA) (Cyan Line) which is a sign of accumulation strength. For accumulation strength to be sustainable, we need the CMF (Green Line) to eventually cross back above the 0.0 Base Line back into the Accumulation Zone on this 1d timeframe. At the moment VET is fully under the control of BTC and in what direction BTC goes in. As you can clearly see from this Binance daily chart, Volume is still very VERY LOW for VET as well as for the overall crypto market in general. As we can see, the Market Makers are focusing on other select cryptos at the moment like ADA, but that rise is also being slowed because of BTC’s drop and control of the market. Overall there seems to be a lack of Market Maker Liquidity being traded at the moment. There is a lot of talk about VET rising BUT any rise NEEDS to be backed up by INCREASING LARGE VOLUME to remain sustainable for the longterm. I would not get excited until Volume Increased and VET crosses above and more importantly CLOSES a daily candle ABOVE the Bollinger Bands Middle Band Basis 20 Period SMA and successfully ret-test it as support on this 1d timeframe. So overall there may be some more really good opportunities to acquire more VET at a much cheaper price. I hope this is helpful with your Trading and Hodl-ng. NOTES: LSMA = Yellow Squiggly Line on chart Bollinger Bands = Grey Bands on Chart VPFR POC = Short Horizontal White Dashed Line on Chart VPVR POC = Long Horizontal White Dashed Line on Chart Support and Resistance Areas = Parallel White Lines with Yellow Shading on Chart Volume Bars = Red and Green Bars bottom on Chart Volume MA = Orange Line going through Volume Bars on Chart Pitchfork Median Line = Long Descending Thin White Dashed Line on Chart
BINANCE:VETUSD
by entertheroach
2
Vechain primed for a run!!Today we are looking at Vechain on the daily timeframe and one thing is pretty clear... we are ready and looking for a run to the upside, VET has seen a steep decline in price since mid November but that doesn't change the absolute brilliance and expanding business of this project! I am personally looking to pick up some more Vechain adding to my current bag around our current price and also if we see a little bit further of a drop. I have drawn out a buy zone that i am personally looking at, from where we are right now to the bottom 0 FIB level at just about 7 cents USD (0.0069). Looking at the BJ Key levels we are currently coming down turning a couple key levels back to resistance but more of what i looking at is the level directly above the 0 FIB, this represents strong key support and gives us a likely chance to see a nice bounce and reversal. Checking out the MACD we are looking okay but not very bullish as of right now, the histogram has had a tiny green cycle but is now on the way back down to the midline, now we could either see a push into a red cycle or we can likely see a bounce and another green cycle, what we want to see is an increase in green bars day by day showing a rise in bullish momentum, the blue MA is trailing back towards the orange where we could either be looking at a bearish cross or a fakeout and bounce, think we are very likely to see a bounce sooner than later due to the current downside we are facing! Checking out the RSI we are looking at a potential bounce here aswell, we are currently sitting right on the yellow simple moving average coming in for support for us and this spot also gives us an opportunity for a bounce, the main goal here is to make our way upto that midline and ultimately reclaim it, this is the most important step because it allows us to reclaim a confirmed uptrend, being stuck below the midline keeps us in a confirmed downtrend and being above and holding it puts us back into a confirmed uptrend! Not financial advice just my opinion!
BITFINEX:VETUSDLong
by JacobR905