VETUSDT trade ideas
VETUSDT Scallop and Descending TriangleVechain in a scallop descending but also in a Descending triangle.
it quite looks bearish but the Bullish divergence hasnt played out yet.
be aware that the support allready had 2 fails but bulls brought it back in the formation.
take an eye on the Bollinger Band which fits perfectly in the triangle.
the MA50 covering the resistance line of the triangle as well.
the MA200 is at the resistance line of the scallop zone.
when the break out takes place it would be nice to see a re-test.
lets see where the market goes.
on the weekly the outbreak last week was false.. bears brought the bulls back and so they got rejected.
VeChain VET price are holding up well, what are growth prospect?VeChain (VET) is a blockchain platform for logistics management.
The idea behind VeChain is to increase the efficiency, traceability, and transparency of supply chains while reducing costs and putting more control in the hands of individual users.
Maximally logistics optimization is very important in the current difficult times.
Launched in June 2016, VeChain is now one of the oldest specialized blockchain-based logistics platforms.
VET is a token used for transactions and other activities, while VTHO provides commission payment, similar to how Gas works for Ethereum (ETH) transactions.
If we look at the chart with weekly candlesticks, we can see that for the last six months the price of VETUSDT has been trading above a strongly mirrored level.
The liquidity zone of $0.02-0.022 in 2018, 2020-2021 and now skillfully played the role of resistance and support alternately for a long period of time.
In case of a positive phase in the cryptocurrency market, $0.039 per VET should be an easy target in the coming weeks.
The medium-term target is $0.06 according to the blue scenario.
If the negative background and "wars" behind the scenes of the crypto market will continue (in particular, we described them in yesterday's FTTUSDT idea)
Then the development of the white scenario can also be considered positive)
The main thing is that buyers of VETUSD keep the price above the liquidity zone of $0.02-0.022 and then everything will be fine for VET in the medium and long term.
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VET Bullish Long!VET is going to finish the cup on a bullish trend and then go on to inverse head and shoulders! I see this heading to the first black line drawn on the chart in early December and the head and shoulders inverse completed in early January. After the new all time highs will be established!
#VET is #bullish in every way in my opinion.
This is my opinion and not financial advice.
Happy #CryptoTrading!
🔥 VET Can Soon Break Out: End Of Bear Market?VET has seen great performance during the most recent bull-market, but recently has been lacking by quite a bit.
However, there might be some light at the end of the tunnel. I'm waiting for the price to break through the top resistance of the triangle pattern. A successful break out might signal the start of a bullish move.
Targets in blue. Be patient!
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.02436).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.02582
TP2= @ 0.02659
TP3= @ 0.02722
TP4= @ 0.02867
TP5= @ 0.02987
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.02436).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.02582
TP2= @ 0.02659
TP3= @ 0.02722
TP4= @ 0.02867
TP5= @ 0.02987
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
#VETUSDT 2H Chart
Price filled the imbalance around $0.025 and it is currently ranging inside the 5h supply zone. MACD is showing bullish weakness, RSI is overbought and EMAs are bullish. I am now waiting for lower timeframe confirmation before seeing price move all the way down towards the 4h demand at $0.022.
VETUSDT is ready for the breakout?the price is testing the 0.382 Fibonacci level after a clear breakout from the dynamic 4h resistance
How to approach it?
The price needs to flip the local resistance at 0.024$ area and retest it as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
VET at good buy position
VET prices is now close to the ATL and just touched the demand area.
CMF is increasing and about to cross zero from negative values. This means that buy pressure is coming back.
Fundamental news also supports the prices to go up: VeChain is expanding in Europe by recruiting more than 100 developers.
Let's be patient and wait for VET to take off.
VET ⚡️⚡️ #VET/USDT ⚡️⚡️ DETAYLAR TWEETTER KANALIMDA
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Cross (20X)
Entry Zone:
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Take-Profit Targets:
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Stop Targets:
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Trailing Configuration:
Entry: Percentage (0.5%)
Take-Profit: Percentage (0.5%)
Stop: Moving Target -
Trigger: Target (1)