Get started

VET

VET/USDT (VeChain) Mid to Daily tf Range Updated till 28-3-22VET/USDT (VeChain) Midtier to Daily timeframe range. Another fundamentally healthy alt, it got a nice community and it got development till now. In Technical sides if we look at the chart we can see not much of space like other alts within its range, its not a bad thing cause it had retail interest and that comes with intraday setups and scalp setups, the more the space the higher the risk which is less within its range till now, which is cool for day traders if one can utilize its zones. the volume on mid range was decent if it stays like that it could provide those safe setups again.
by cryptoforever1
VET (VeChain) Coin Analysis 28/03/2022Fundamental Analysis: VeChain (VET) is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain had begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET. VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants. The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes. VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others. VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralized trust layer for multi-party ecosystems has already seen major successes with high profile clientele and government bodies. Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivized ecosystems, automobile passports and more all greatly benefit from the digitization of trust and collaboration it enables. VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries. VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions. VeChain (VET) is a Proof of Authority (PoA) token, requiring relatively low computing power to achieve network security versus a protocol such as Bitcoin. A recent CTI report showed that VeChain's annual carbon footprint is incredibly small at just 2.4% of the emissions of mining a single Bitcoin, thus making PoA an incredibly efficient consensus mechanism for securing the network. Proof-of-authority, is a process wherein authority master node operators are selected by an independent Steering Committee, thus giving them 'authority' to run a maste rnode. This model is particularly attractive for enterprises who want assurances about the integrity and quality of validators running the network, and assurances bad actors can be ejected if needed. VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” enterprise/business structures that do not suffer from information corruption thanks to close working collaborations with key auditing/certification consultants such as PriceWaterhouseCoopers and DNV who verify data quality and certify industrial processes. Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere. Having originally begun life in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market, with reflected prestige among enterprise clients. VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion. VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens. At the time of writing (28/03/2022) - there are 45.63 Billion tokens in circulation according to VeChainStats. The current CoinMarketCap ranking is #35, with a live market cap of $4,748,746,013 USD. It has a circulating supply of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins. Technical Analysis: The Asset has been Fallen to its 85% Low of the All Time High and this is the very good sign of becoming undervalued and initiation of the Smart Money Flow which took Place. After the Reaccumulating phase got over the Asset has been Pumped to its 78.6% of the Fibonacci Retracement Level and currently is waiting for the Repumps. There exist a Bullish divergence of Price value and MACD, which can be interpreted as the bearish Trend reversal and Start of the New Bullish Trend which eventually Initiate the New Bullish cycle. We have defined the total of 4 Probable Price Targets with Fibonacci Trend Based Extension levels, where as the 3 TP gets its Confirmation as the 2 TP gets Triggered followed by the Price Value Correction and some Retracements. All of the Defined Targets are having Many Confluences with different Fibonacci levels so they can act as the very Important Pivot Points. Earlier Analysis: VET Coin, Done on: 09/03/2021
Long
by BitonGroup
2
VET/USDT Cup & Handle Pattern Update#VET/USDT TA Update:- $VET currently trading at $0.65 And 24% up within 3 days. As per chart:- - Breakout Cup & Handle Pattern - Support is $0.44 which is Important for the Bullish trend. - Expecting $0.123 In mid-term. -Full Bullish Phase above $0.123 - If break Big Resistance line then expecting $1 also in Long term. - Now keep an eye on $0.044 support level because Bull depends above this Level. Never do Gambling always trade with Charts. Support:- $0.044 Resistance:- $0.070/$0.123/ATH
Long
by CryptoPatel
1
VET price may move higher in 2022, but for how long?The Vechain coin price appears to be in the bullish territory after interrupting the descending trendline. The VET coin is overdriving above the 20 and 50-day moving averages in terms of the daily price chart. The SuperTrend indicator is remaining to generate the bullish crossover. The daily price chart of the VET coin is trading above the 20 and 50-day moving averages, and the remaining 100 or 200-EMAs are above the current price. The RSI is moving towards the overbought territory and now it is at 59-mark in terms of the daily price chart. Furthermore, the ADX indicator is gradually falling downwards, suggesting weak bullish momentum for the Vecahin coin. VeChain Coin has reversed its downtrend after breaking the descending triangle pattern. The bulls should continue to manage the VET price above the $0.050 level to prevent further panic selling. Resistance level- $0.0.069 and $0.10 Support level- $0.050 and $0.039
Long
by TheCoinRepublic
VET/USDT BROKE OUT! 120% PUMP EXPECTEDHello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this IOST/USDT TRADE setup. VET looks good here. VET is breaking out from the descending channel pattern. Now, all we need is to break and close above 50ma. Once it breaks above 50ma it will pump well. Buy some now and add more in dips. Entry range:- $0.047-$0.051 Target1:- $0.056 Target2:- $0.068 Target3:- $0.076 Target4:- $0.084 Target5:- $0.092 Target6:- $0.10 SL:- If any daily candle closes below $0.044 then I'll exit manually. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
5
VETBTC long tradeIt seems everyone has been wrong on the VETBTC charts and it would appear that VET is dead in the water. Looking at the fundamentals however it is clear this is anything but true. So looking at the chart we can see cycles that are more to reality than what has previously been posted. It would be nice to couple this idea with the BTC dominance chart, the Altcoin marketcap chart, the total crypto marketcap chart, the VETETH chart and the VETUSDT chart. Combining these should give us a glimpse into the future of this potentially very profitable 3x leverage trade that can bring 30x gains on VET versus BTC . Please discuss and share your thoughts and charts.
Long
by Jozani
2