VETUSDT trade ideas
Possible 2 XDaily TF
1 - ema 20 crosses ema 50, down. 50% drop in price follows from April to July 24. 20 hasn't crossed back up yet, but showing signs of a support/floor.
2 - 20 did not make it back for a cross up. But price action tagged along on BTC rise. Followed by retrace.
3 - Increased volume. Visual signal for long...
*** Possible 2 X from price 0.021***
1HR TF
4 - Short term signs of a rise. 20 ema crossed 50. price heading towards a touch with the 200ema. Then anticipate a pullback. Use this TF in confluence with the D TF to execute a possible long entry. If volume good on the bounce and BTC showing strength, wait for confirmation to enter long.
15 Min TF
As per Anchored Volume profile and diagonal resistance line, target entry price is 0.02281
Daily Inverse HS Setup---6 Month support looks testedI was charting 6 month supports and VET caught my eye. Here we are seeing the lower time frame daily structure that has formed with inverse head and shoulders. But the 6 month chart is very impressive and the head of this daily inverse HS tested deeper into the 6 month support. This is an easy invalidation daily trade with the 6 month thesis. This could very well be bottomed and ready for the bull run. We'll see.
VeChain green area to refill your bag before the alt seasonVeChain is an established blockchain that has evolved well, following trends and demonstrating a significant pump capacity when you look at its past price action. Additionally, this coin does not have any VC unlocks, and most of its supply has already been unlocked.
However, I do not like how they embrace the carbon/save the planet from climate change ideas. I am quite frustrated by all this nonsense, woke socialist ideas. We are here to make money and create new tools in a new industry; who cares if it emits carbon or not? The whole climate change vs. crypto debate is highly hypocritical and political.
This is a red flag for me, so I do not invest in this coin. However, some friends and people I respect in the crypto community are all over this project, so here is my entry point.
VeChain is still in consolidation and has not reached the bottom of it. It will likely continue to go down, and a good price to hold for the upcoming altseason is 0.023-0.025. Ideally, 0.020 would be perfect, but I am not sure if that opportunity will come again. Anyway, this coin will probably do x2-x5 in the next few months, so it's not a bad deal compared to what banks can offer for your money.
DYOR.
Vetusdt Trading opportunityBased on the recent bullish trend in VET, the price has undergone a correction and is currently exhibiting a structure resembling a typical round bottom formation.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand zone, both of which are acting as strong support levels. Additionally, there is an internal supply zone and established resistance targets.
Your insights and engagement through comments and likes are appreciated. Thank you.
Vechain/USDT-H1Hello everyone, we are back with an update for the VETUSDT currency. As we can see, the price started with three waves, very clear. And the fourth wave was complicated in the form of WX and Y. Now, a price explosion. From these places specifically? Without any pullback. And the price is forbidden? Pullback to the top of wave one. I wish you success. See you soon.
Breakout or Breakdown? Prepare for a Major Move in #VETUSDTYello, Paradisers! Are you ready for what could be a game-changing move in VETUSDT? Let’s dive into the current scenario and what we can expect next.
💎#VeChain (#VETUSDT) has been trading within a descending channel on a daily timeframe. Throughout this formation, the price has consistently respected the trendlines. We anticipate a significant breakout due to the recent push #VET received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $0.024 could be pivotal. This area is packed with liquidity and could propel NYSE:VET towards a breakout.
💎If #VET can break above the descending resistance, supported by the liquidity at $0.024, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $0.0215. This could provide the necessary rally for a breakout. You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #VETUSDT could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay vigilant and ready to adapt to market movements. Remember, disciplined trading and patience are crucial for long-term success.
MyCryptoParadise
iFeel the success🌴
Vechain/Usdt h4We notice that the price has finished 3 impulse waves and the wave structure is not complete and lacks a final fifth wave. Now the price is in the fourth corrective wave that may reach the 50 Fibonacci levels of wave 3 since the second wave reached 61.8 Fibonacci. I do not think that the fourth wave may extend more than 50 percent Fibonacci. Therefore, at the 0.028000 area, we may see a strong price explosion upwards and the first target is 0.035000 and by breaking it, we may continue to 0.039960. I wish you success.
VETUSDTAs shown in the picture, the V-Chain factor was in a very deep correction from March 2021 to today. June 26, 2024, and then the price took off from the 0.012 levels with five very clear impulse waves. To the 0.05 levels and then. Then it made a correct triple ABC, as shown in the picture. And the fourth wave test returned, which forms a very strong support. With this currency? In light of this data, we entered the purchase of this currency from 0.02 by targeting the previous peak at 0.05, and by breaking it, the targets may extend to 0.09. From there, we may target 0.11 cents for this currency. Good luck to everyone, and if you have any questions, do not forget to leave them in the comments.
VETUSDT : VeChain Breaks Out of Descending Trendline
VeChain is currently at a critical point, showing signs of potential upward movement and a strong support base. The chart indicates a recent upward trend following a prolonged decline.
Resistances and Support:
Resistance I: Around $0.02850, where the price might face difficulties breaking through.
Resistance II: Near $0.03355.
Support: Located at $0.02037, an important level that could hold the price in case of a decline.
The Stochastic RSI shows that VET is currently in an overbought zone, which could indicate a possible short-term correction.
Fibonacci levels suggest potential areas of support and resistance. The 0.618 level at $0.04772 is particularly important for the continuation of the upward trend.
VeChain has stood out with strategic partnerships including companies like BMW, Walmart China, and major telecommunications operators such as AT&T, T-Mobile, and Verizon. These partnerships are focused on areas such as supply chain tracking, food safety, and preparation for 5G networks (Crypto News Flash).
Recently, analysts predicted significant upside potential for VET, with estimates that the price could reach $1.80 by October 2024, based on detailed Fibonacci analysis and other technical indicators. VeChain has also launched important technological products such as the VeWorld Mobile wallet and the VORJ digital asset platform, promoting the adoption of Web3 technology
VeChain (VET) to $1 by August 2024 ??On the above 3 day chart price action has corrected over 90% since 2021. A number of reasons now exist to be long, they include:
1) Price action and RSI resistance breakouts.
2) Trend reversal, higher highs higher lows replace lower highs lower lows.
3) Support and resistance, the black arrows, price action has confirmed support on past resistance.
4) The bull flag pattern. Price action breakout forecasts a move to $1 as measured from the 2020 impulsive move.
Is it possible price action corrects? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: <=6%
Timeframe for long: You decide
Return: 2000%