VETUSDT trade ideas
VET H&SHello, trading view community, should you like this analysis, please support with like and comments, Thanks
It seems that VET has compeleted a head and shoulders pattern in the weekly timeframe which means it may pullback to $0.07896 resistance zone and then probably carshes to $0.03455 - $0.03341 support zone.
at the bottom right, in the circle, the morning star formation has already been confirmed which is a very strong confirmation of bullrun.
both of them have been formed in weekly timeframe which is very strong signal to present two different trends in near future.
should traders take the morning star formation into consideration, then they may go long from $0.06400 and exit on $0.07890
or if you look at the H&S pattern, it's better go short from $0.07895 resistance zone and exit on $0.03341 - $3455 support level
this is a personal idea and I am not a financial adviser.
VETUSDT Wave Analysis (GLOBAL VISION)Hello friends.
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Everything on the chart.
Globally we're in double zigzag (wxy) wave of (4).
Waiting for an upward movement either from the current price, or through a small update of the last low (will depend on #BTC).
Entry: market and lower
MAIN TARGET ZONE AT THE END OF BULL RUN: 0.3-0.4$
Stop: (depending of ur risk). ALWAYS follow ur RM .
cancellation of growth,consolidation below ~0.022$
Risk is justified.
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
VET/USDT channel strategy potential longAnalysis:
1. Weekly indicates a strong support/resistance area for VET right now
2. Zooming in on the daily the support/resistance zone is also clearly visible with a consolidating price action the last few days
3. Zooming in on the 4H and using the Bollinger Bands we can see a squeeze and a narrower Bollinger band. (an indication that price will become more volatile in the future)
4. Zooming in on the 1H we can draw a nice range in which the price has been moving the last 13 days, with one visible fake-out below the channel
5. right now 4th of Feb volume increased drastically on the 1h and price touched the resistance area.
6. I am drawing a FIB resistance on the current move and looking for an entry between the 0,5 and 0,618 levels as this seems like a fair price
7. There is a significant risk in this trade since the prices moves in a channel for the last couple of days therefore scaling in is recommended
Approach:
> for ease let's say we want to invest $100 in total
> If the price reaches the FIb levels as mentioned in step 6, place a buy order of $50 (SL below the 0,236 FIB level)
> If the price breaks out of the channel on the upside wait for a retest on resistance and buy-in with the other $50.
> SL below previous high after breakout channel
> TP 1 0,058
> TP 2 0,063
*as always DIY and not financial advice :)
VET | Looks Promising for Breakout..!!
#VET (update)
Still Moving inside the Descending Channel but Looks Promising for Breakout so Keep an eye on it..!!
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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VETUSDT getting close to dip and seems bullish longtermVETUSDT pair seems like very near to the dip. We may see some more downwards price actions depending on the BTC price.
However, in the big picture we have a potential for huge profit by the end of 2022.
This is not a financial advise and please do your own research!