VET may retrace before going up due to 3 bearish ideasVET price may retrace before going up
Rational:
1) Hidden Bearish Div on daily
2) Approaching Overbought
3) Decreased Volume + Increased Price = Reversal ( bearish )
Safer entry - enter on 2hr retest
Target 1: 0.0225747
Target 2: 0.0244824
Target 3: 0.0264341
Stop Loss: 0.0178233
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
VETUSDT trade ideas
✴️ VeChain Falling Wedge Opens 159% Potential Mid-TermThere are so many reversal signals here that it is hard to choose where to start...
Ok. Late December VeChain (VETUSDT) printed a DragonFly Doji candlestick.
This is the one with a small real body and a long lower wick/shadow.
When this candle shows up at new lows/support, it can be read as a strong reversal signal.
The fact that it is followed by a full green candle the next week, gives confirmation.
This current week also starting green gives additional strength.
This is a strong bullish reversal bias based on candlestick reading from the last three weekly candle.
The RSI hit a low and is now curving upwards.
We have very big falling wedge pattern breaking bullish.
The Red Ichimoku cloud is on top and prices are normally attracted to this cloud.
After years of bearish action, the resistance levels turned support need to be tested and thus we come to the following conclusion:
VeChain is set to move up.
First stop/target will be EMA21 or 0.382 Fib. extension at 0.02150-0.02240 for 25%.
Second stop/target for 53% will be 0.02679.
Third target almost reaching EMA50 at 0.03333 for a nice, ~90%.
Fourth and last target is the 1.618 Fib. extension level matching the weekly EMA100 blue line or 0.04530 for a great 159%.
That's the potential, now the risk.
The stop-loss can be used as a manual stop-loss, our preferred method, when an entire session closes below 0.01500. If this criteria takes place a buy can be closed.
Very low risk...
High potential for rewards.
Namaste.
VET - Technical review and analysisVET had a range trend during the last week and a downward trend in the last two weeks. The price of this currency has formed a new downward wave by completely breaking the support of the range of $0.017 to $0.020, and the support of the range of $0.014 to $0.015 and finally, the strong level of $0.010 can be good reaction areas for the current week and the coming weeks.
Of course, a short-term stop occurred in the $0.016 range, which increases the probability of the price entering a corrective wave in the 4-hour timeframe. Also, at the time of writing this analysis, the price has entered a trading range area in the 4-hour period, the first resistance of which is at the level of $0.0163 to $0.0165, and the second resistance can be considered in the range of $0.0170. Only if the second resistance is broken, we expect a trend change in this time frame. Otherwise, with a negative reaction to these resistances, we expect the continuation of the downward trend and a decrease in the specified support levels.
the VECHAIN weekly analysis ...hello guys...
I don't wanna bother you with a lot of explanations and conditions...
I will go to the main subject immediately...
BINANCE:VETUSDT formed two descending channels. the main channel indicates by gray color and the base channel has been shown as red color.
as you can see on the chart for several months price moved at bottom of the main channel and the base channel has a steep slope.
in my opinion, it will continue to downward movement until reaches to the red area at least!
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
MERRY CHARISMAS EVERYBODY
VETUSD (4H) - Bearish breakoutHi Traders
VETUSD (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.0156 support level. Only the upward break of 0.0166 would cancel the bearish scenario.
Trade details
Entry: 0.0156
Stop loss: 0.0166
Take profit 1: 0.0150
Take profit 2: 0.0140
Score: 8
Strategy: Bearish breakout
VETUSD may drop even 80 % in this bear marketVETUSD looks mega bearish.
The price got rejected from the resistance multiple times.
To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold.
In case of playing short position , we recommend taking profits at support levels (red lines).
Probably many persons will think that it's crazy to predict 80 % drop for VET, but remember, this is crypto and altcoins may go parabolic down in a bear market . Alts can reach crazy low levels before finding the bottom.
BTC.D looks like it wants to rise which is another reason why we expect altcoins to dump a lot.
Neutral trend in VET and a small RSI divergence - Short TermHello friends, I hope you have a good week ahead. In this analysis, I expect a short-term upward swing in VETUSDT because of RSI Divergence, which has moved up to the EMA to begin with, and looks like it will return to previous support. Because the main trend is neutral at the moment, but the EMAs are going down. what is your opinion?
In the long term, I only see the price decrease in this coin.
VET SHORT SETUPHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the VET symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
VETUSDT will test the low at $0.017 once againHi,
This is iJustCoin, the one lucky BEAR, who is shorting to put honey in his mouth!
- VETUSDT is so weak it can't even go up to test the resistance line above
- 3H,6H,12H strong sell singals
- It is very possible VET will touch previous low at $0.017XXX
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Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
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Chart Code:
Pastel Green Vertical Line - Long Signal
Pastel Red Vertical Line - Short Signal
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Golden Line - Entry point
Green Line - Take Profit
Bold Aqua Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
Orange Dotted Line - Profit taking Point
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Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
VET short termHello Birdies,
We have successfully plotted another coin on new strategy we are using. Let's get to the point.
As usual Green to buy and Red to Short as per price action.
Line-A is highly unlikely to be breached as there is still alot of liquidity at LINE-B.
If an only if line-B is breached we can see 70%-80% otherwise settle down at 30%.
VET IDEA HELLO GUYS THIS MY IDEA 💡ABOUT VETUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like and follow thanks
VeChain by Request (Easy Target 27% & More | 80%+)Here we have VeChain (VETUSDT) but this time a closer look compared to the previous analysis.
We have early signals of recovery as most of the cryptocurrency market is showing.
We have the 3 drops pattern or Inverse Head & Shoulders as well as a lower volume lower low, which all indicates the bears losing strength.
As the bears lose strength the bulls can enter the game.
The easy target is set around 25-28% in a range between the 0.618 Fib. and MA200.
Between 0.02400 - 0.02500.
Higher targets are possible depending how this upcoming bullish move develops.
I see 80%+ around 0.3531 reachable as well.
I hope that helps and thank you for your support, it is appreciated.
Namaste.