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VeChain / TetherUS

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VETUSDT trade ideas

VET - Inverted head and shouldersHello, thank you for taking the time to read through my post. I would like to discuss here some technical ideas related to VeChain. As you already know, VeChain is gradually forming a bottom. This floor is in the form of a Classic Price Pattern called "Inverted Head and Shoulders". This pattern is often found at important reversal points and is therefore a sign of a trend reversal. The upper black line is the resistance, but also the so-called "Neckline". To confirm an Inv H&S we would need a clearly defined breakout above this line. We cannot say when this time will be, but we can use technical indicators to uncover the story. I would like to discuss with you the TRIX indicator. Short intro to TRIX: The TRIX is a Triple Smoothed Average line, also known as the Triple Smoothing Exponential Moving Average or EMA. It can be used both as an oscillator fluctuating around its zero line, called Triple Exponential Smoothing Oscillator, and as a momentum indicator. In accordance with the nature of moving averages, the TRIX is a smoothed indicator that filters out false signals. The TRIX indicator achieves the best results in clearly trending markets. So by definiton this indicator is a help to filter false signals. As you can see here, the TRIX is now very close to the 0 line and tries to break it from the bottom to the top, which could be a very good signal for an uptrend. So my idea: If the TRIX pushes above the 0 line, that will drive the price to resistance line and when that happens, our classic price pattern will be confirmed. So keep your eyes open and your ears stiff, until next time my friends, Kami
Long
by KarimSubhieh
Vetusdt Trading opportunityIn this market update, we will discuss the recent price action of VETUSDT, which has potentially completed the Right Shoulder of an Inverse Head and Shoulders (ISHS) pattern which could signal a bullish reversal if the neckline is broken. Talking about Inverse Head and Shoulders Pattern, the pattern consists of three troughs, with the middle trough (the Head) being the lowest and the two outer troughs (the Shoulders) being shallower. A break above the neckline, which connects the highs of the two shoulders, would confirm the pattern. The accumulation zone in the demand area presents a potential buying opportunity for investors looking to benefit from the potential uptrend. Keep an eye on the neckline breakout and the target price of 0.06833 to gauge the future price action of VETUSDT. This market update is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Do trade wisely.
Long
by weslad
4
#VETUSDT 12HVET came out of the ascending triangle👀 📍And what we know about VeChain? VeChain is a blockchain-based platform for supply chain management, founded in 2015. It uses a dual-token system, VET and VTHO, with VET used for value transfer and VTHO used for fees. VeChain has partnerships in various industries and offers tools for businesses to integrate blockchain technology. It's a top 50 cryptocurrency, but investments in cryptocurrencies come with significant risk. 🏦 Investors: VeChain has received funding from various investors, including venture capital firms, strategic partners, and individual investors. Some of the notable investors in VeChain include Breyer Capital, Draper Dragon, Fenbushi Capital, and Tim Draper, a prominent venture capitalist and cryptocurrency investor. VeChain has also established partnerships with several companies, including PwC, DNV GL, BMW, and Walmart China, which may have provided additional investment and support for the project. Overall, VeChain has garnered significant interest and support from both the cryptocurrency and traditional business communities, which has helped to drive its development and adoption. 📈 The all-time high price of VeChain (VET) occurred on April 19, 2021, when it reached $0.2791 per token. 📉 And right now trading at $0.02524 ( approximately 90.95% lower than its all-time high )
Long
by Odes_Trading
Whether it can rise above 0.02914 is keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (VETUSDT chart) From a long-term perspective, a full-fledged uptrend is expected to begin when the price moves above 0.04757. To do so, the key is whether it can be supported in the 0.02236-0.02519 section and rise above 0.02914. If not, you should check for support around 0.01875. Therefore, the possibility of a trend forming away from the current zone, the 0.02236-0.02519 zone, is increasing. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1
VETUSDT is creating a pennantVETUSDT is currently forming a pennant pattern on the chart, which is a continuation pattern that typically occurs after a strong price move. The formation of a pennant pattern suggests that there is a potential for a continuation of the previous uptrend. However, for the uptrend to continue, the price of VETUSDT needs to hold the support level at the 0.022$ area, where the price has already established liquidity. If the price breaks below this support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4