VET
VET drops to $0.16, quick recovery in progressVeChain price analysis is bullish today.
VET/USD likely saw the final push lower to $0.16.
Bullish momentum returned this morning.
VeChain price analysis is bullish today as we saw strong rejection for further downside as the market approached $0.16. Therefore, we expect VET/USD to recover later today and likely continue higher by the end of the week.
VET - Retracement and Up!Top of the Morning!
VET has shown some really great potential for this bull run, therefore my DCA levels on this retracements:
now
$0.15
$0.144
$0.131
$0.12
VET 🌚🌝
China banned cryptocurrencies, but historically this has caused the BTC to boost and with it the altcoins and with it possibly some coins reach their previous historical maximum and others pass their historical maximum creating a new ATH.
One of the cryptos that I would like to buy in this "BTFD" is VET which has great use and has a lot of projection in the future.
VETUSD Entry 0.1474 Take Profit 0.1877VETUSD (VeChain)
Diagonal Trend Line
Horizontal Support Resistance Line
EMA 10
EMA 20
Vet/Btc potential trendVeChain to the moon!
VET/BTC trading pair. Bullish divergence on RSI, MACD getting ready to send. Long term trend peaks at the green line multiple times. Golden cross (upward cross of 50d MA over 200d MA) incoming.
Coinciding with the coming crypto market overall bullrun, VeChain should see significant movement compared to bitcoin over the coming months. Should be fun.
🔥 VET Break Out Confirmed: Huge Buy SignalA couple of days ago I made an analysis on VET and the potential channel break out.
As seen on the chart, the price did indeed broke out of the bullish channel and went parabolic for a while. The most bullish buy signal from this chart is the fact that the price re-tested the channel's resistance and bounced from it.
Due to this bounce, I'm confident that the bullish trend will continue in the near future. First target still at $0.20, second at $0.22.
Happy trading!
VeChain forecast of $1.50 strengthens: VET Coin continues to folIn my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the pattern will repeat itself in a similar manner.
This does not seem to be far-fetched at the moment in any case. Because the similarities continue to accumulate. The above chart shows to what extent.
Obviously, they are not the same price movements, but they are enormously similar in nature.
What matters are the cornerstones of the movements. For example, then as now, the VeChain price first formed a high (1), which was followed by a correction with three stair-step lower lows (2-6). The first bullish countermovement failed at the resistance of the setup (7) and bounced off it. However, as a result, a higher low (8) was formed and from there, the break of the resistance was achieved and thus the structural break.
This structural break occurred recently and should be taken as a renewed bullish sign. In addition, it is the next indication that the pattern from then currently seems to repeat itself again.
However, it should also not be concealed that the structural break occurred this time with a significantly lower volume increase than back then. Accordingly, the current price increase looks weak in direct comparison.
Overall, the absence of significant volume increases is what seems to be a common thread running through the price increases of the entire market. Nevertheless, the parallels between today and the end of 2020 are too striking to ignore.
The symmetrical triangle, in turn, suggests that the odds are very good that the VeChain price could soon crack $0.36.
This would be important from many points of view, because apart from the fact that it would correspond to a 200% price increase at the current price of $0.12, it would furthermore be the next strong indication that the pattern from back then is still valid. It would be a higher high in the long-term trend.
A look at the price action of the VET Coin against Ethereum (ETH) seems to strengthen this thesis. Namely, here the VeChain price moves in clearly identifiable waves.
As the chart below shows, another accumulation of VET against ETH appears to have been completed. What could follow is a significant price rally.
CHART
So does the VeChain forecast of $1.50 still hold?
Currently, I am assuming so. Why, I have described here. Nevertheless, the lack of volume so far leaves a somewhat bitter aftertaste. However, as already written, this applies not only to the VeChain price, but to the market in its entirety. What is not yet, can still become.
Source: VeChain Prognose
9th Series of Altcoin Buying Areas!Hi followers and other TradingView users,
A month has passed since the last post and it would be correct to do another survey about your favorite altcoins.
I think everyone should know the rules already but just in case I will repeat it for my new followers:
1) Comment THREE of your favorite altcoin, not ten not five, THREE!
2) Name only the ticker - Bitcoin is incorrect, correct is BTC ;)
3) Hit the LIKE button!
4) If you don't already follow me then hit the button to get the update as fast as possible.
Only four simple steps and your named coins will get into the list!
As always, TOP mentioned altcoins get analyzed - pointing out breakout areas and if there are some logical price zones after a possible correction then also pointing out these levels from lower prices!
Previous idea peaks after the breakouts are here:
1. ADA: No trigger
2. SOL: +55%
3. MATIC: +61%
4. DOT: +45%
5. XRP: +25%
6. FTM: No trigger
7. ETH: +32%
8. ICP: No trigger
9. VET: +65%
10. SHIB: +180%
11. Close one but no trigger, peaked 100%
12. No trigger
13. No trigger
Go and name it...
Regards,
Vaido
💡Don't miss the great buy opportunity in VETUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. 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.
. The RSI is at 59.
Take Profits:
TP1= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
SL= Break below S2
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. . . . . 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 ❤️
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. 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.
. The RSI is at 60.
Take Profits:
TP1= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
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 ❤️
VECHAIN | VET _ Should we leave and come back? Price respecting the supply resistance are at the 0.1870 region. Closing out a partial position here. Looking for a retracement to the support/demand area & 50% fib 0.1525 region. Looking for short-term timeframe higher lows to go long again. TP zone in the 0.24 to 0.25 region which is the previous major swing high on the broader downtrend and the range extension we just broke out from.
What am I not seeing? Should I hold my position or sell and buy back at support?
VetChain - I'm still bullish, but I'm waiting a retracement.I like VetChain (VET). I closed part of the position, waiting for a retracement on the support in the 0.1550 zone.
I don't see the enthusiasm that was there last week on all social networks. It seems that the waters are cooling down and therefore I prefer to lighten myself and wait for the developments on this and other tokens.
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VET - is going to break this resistance 🚀🚀VeChain has been near a resistance zone for a fortnight now. At the same time, the price is starting to squeeze. This is a signal of strength accumulation. If the price breaks through this zone, the next levels that the price can reach will probably be $0.193 and $0.249.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VET - Resistance hit!Top of the Morning!
So VET has shown some great strength and now it hit a resistance level. Most likely it will now retest the broken trendline. WATCHOUT for BTC! it may retrace big time and will drag along ALTs with it. On VET I'm prepared for a retracement and revisit of this top.
VET tests $0.17800, after establishing support at $0.1700VeChain price analysis is bearish today.
VET/USD tests previous high.
Rejection currently preventing further upside.
The VET/USD pair is trading in a very tight range today, with the market continuing to struggle against selling pressure after a brief advance above the previous high. As a result, we anticipate VET/USD to drop again and establish another higher low before attempting to rise further.