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VET

Vechain Ready For a HUGE Run!!Looking at the Vechain/Bitcoin chart we have recently seen a great breakout to the upside, we were stuck in a clear descending channel since mid august and have finally broken through the top and i personally think this is just the start for this VET run! We are currently right on the 0.2 FIB after testing it for the 3rd day in a row and the break up and above is looming, i would love to see a push up and a daily close above this FIB level flipping it back into support and getting that boost to keep going upwards, a break above here would open the door for an absolute key target which is the pivot point, this is so important because if we get a close above this level we are set for a true pivot/reversal to the upside, with this level not far away it is very doable and could happen this week! Another explosive looking indicator we should talk about is the bollinger bands, we have been touching the top band for 3 days in a row now and the grab on and ride up is absolutely imminent, i believe that a break above this 0.2 FIB level will ignite this move on the bollinger bands since our actual candle body will be directly on the top band! Plus with our bands a lot more squeezed than normal an explosive move is coming and the bollinger bands doesn't actually indicate which way it will go but i think we all have a very good idea of which direction that is;) a very doable conservative target with all this bullishness is the 0.5 FIB which is our highs from mid august, after that we do have many key resistance points but i won't speculate too much and that will be for a later TA! Now the squeeze momentum indicator we are seeing something absolutely huge! Now we do have to wait until daily close to get the confirmation but it is our first green bar on the histogram in quite some time, without counting the super small green bar in the middle of our 2 red cycles it is the first since mid september! Now if we continue to see bullish price movement and continues increasing green bars we will be moving into a bullish squeeze shown by the black crosses and then eventually a bull squeeze release which almost everytime sends us flying to the upside! of course if the cycle is big enough with lots of momentum and with the looming altseason i think that is exactly what we are due for! Not financial advice just my opinion!!
Long
by JacobR905
VET - weekly chart analysisVET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle. Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that VET has room to move up before hitting the Bollinger Bands Upper Band on this 1w timeframe. VET is still above its Least Squares Moving Average (LSMA) for this 1w timeframe. For this indicator, ABOVE the LSMA is a potential ‘BUY’ and BELOW the LSMA is a potential “SELL’. Note that VET is still above its Volume Profile Fixed Range POC for the fixed range of 5 weekly candle that i have selected. Note that Volume has increased slightly but note that the Volume Bars are still Below its Volume 20 Period MA. I have added various support and resistance areas on this chart and you can clearly see the interaction with theses area. Note that VET has found some resistance from its first resistance line. The Average Directional Index (ADX DI) is indicating that the trend strength is sideways but strong with the ADX (Orange Line) at 22.69. Note that the 9 Period EMA is above the ADX at 25.38 but is dropping. The +DI (Green Line) has dropped slightly to 21.79 but the -DI (Red Line) has also dropped slightly to 14.34. This indicates both positive and negative momentum has dropped slightly. We will potentially see a massive move upwards if the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) if the +DI (Green Line) is still above and moving away from the -DI (Red Line) on this 1w timeframe. The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. Note that the OBV (Blue Line) has crossed back above the 9 Period EMA (Orange Line) indicating upwards strength on this 1w timeframe. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back ABOVE the Signal Line (Orange Line) on this 1w timeframe. Note that the MACD is still in the Positive Zone above the 0.0 Base Line and note that we have had our first proper Green Histogram for the first time in 7 weeks. I have also added a Trend-Based Fib Extension to show some potential FIB levels if VET continues the upwards trajectory on this 1w timeframe. VET is also in a very thin Rising Wedge Pattern. VET needs to invalidate this bearish pattern by breaking back above it and successfully testing it as support on this 1w timeframe. What is interesting is that the Rising Wedge takes us right up to the 4.236 Fib Level at $0.5147. This is something to keep an eye on on this 1w chart. Note that this chart is looking at the longterm without taking into account what is happening on lower timeframes, which you should be watching & analysing as well. All in all, VeChain is looking great so it should be an interesting couple of weeks for VET providing BTC behaves herself. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Blue squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart 50EMA = Yellow squiggly line on chart Symmetrical Triangle = Converging ascending and descending black lines Rising Wedge = Ascending converging dotted lines Longterm upwards Trend-line = Ascending dashed black line. Support and resistance areas = Horizontal black lines with yellow shading
BINANCE:VETUSD
by TradingThroughTheLens
1
VET/USD is bullish for the next 24 hoursVechain’s price is up today due to additional higher highs set over the past 24 hours after the $0.128 level prevented further decline on Friday. As a result, we anticipate VET/USD to continue rising and challenge the $0.143 mark next. In the long run, a bullish VeChain price forecast is accurate. Despite the fact that values are presently trading near their all-time high levels, VeChain has yet to hit a new all-time high since August, possibly due to a lack of buying interest after the previous peak volatility.
V
by Victoria47975
VET for a break or rejected ? VET is in a range since May and is currently on the top of this range. In Daily the MACD is green and in Weekly, MACD is starting to go green too, which mean we have more chances to break this resistance now than we had before. However, prices could be rejected here and the idea would be to wait for a price confirmation with a Daily close above 15ct, then a pullback to the previous resistance area could be use as an entry. On the other hand, if we get rejected here, i would wait for a return under 13ct and MACD H4 turning green to go for a long. For now we can only wait and see how it will play out.
BINANCE:VETUSD
by Heatrading