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VET

Vechain Possible Hidden Bullish Divergence!!?Looking at Vechain we have recovered nicely off of the little correction we had and we are starting to push back up towards our previous high at 0.16c shown by red horizontal ray, but the main thing i wanted to discuss here is the very possible hidden bullish divergence that could play out in the coming days/week/s. This pattern is a continuation pattern of the current trend we are in and could keep pushing VET to the upside. Before we get into this possible outcome lets discuss the bollinger bands first, the main thing we notice is the squeezing of the bands which means volatility is shrinking and we are set for an explosive move in a matter of time, now the bollinger bands don't indicate which way but that is why we use other indicators to try and determine that. we are holding the midline quite strong and its looking like we will continue too after todays daily close, and keep in mind with the bands so close to price action a little pump could ignite a massive one if price action grabs onto that top band! Now the hidden bullish divergence, what we are looking for and we are already seeing is higher lows on the price chart which is shown by the green uptrend line and then lower lows on the oscillator and in this case i am using the stochastic RSI, look at the yellow horizontal ray, that line shows our previous low and what we are looking for here is a fall below this level and a creation of a lower low, similar to the path ive drawn on the Stoch RSI, the path shows a likely scenario because we have support down there shown by the green horizontal line, but we could see this play out anywhere inbetween the green and yellow horizontal lines and anywhere in that area would be valid for this divergence! and with the stoch rsi just having a bearish crossover this could play out perfectly, on the price chart we still have a bit of room to fall down along with the stoch RSI we just have to make sure price action keeps on making higher lows which can be seen by following the green uptrend line, if we made a higher low on the green uptrend line that will definitely be enough for the stoch RSI to fall into that zone we talked about and then go on to make that lower low. Now something key here is when we look at the RSI we see that we are falling a bit along with the stoch RSI which is completely normal and we are coming up on the midline in a bit and now this is where the hidden bullish divergence CONTINUATION comes into play, we are currently in an uptrend shown by being above the midline and we want to stay above here when the stoch RSI makes that lower low to complete the divergence pattern and the continuation part goes hand in hand with us being in a confirmed uptrend. And when we talked about having room to fall on both price action and the stoch RSI the same thing goes for the RSI, we definitely have room to fall along with both of these other factors and we can likely see ourselves getting a bounce off the midline which is currently support (as shown by path) and then continue back upwards, it really looks like we could see all of these get that bounce which we need for this to complete the pattern and the beauty is that all these indicators play into eachother and follow eachother so that gives us more hope that this is really going to play out similar to how i have it layed out! Then pair this divergence pattern along with the squeezing bollinger bands and we could definitely have ourselves a huge catalyst for a mega breakout to the upside and a continuation of this uptrend! Not financial advice! If you have any questions don't hesistate to ask i will do my best to explain further and answer in good time! Cheers everyone this is very exciting!
BINANCE:VETUSDLong
by JacobR905
VET - is going to drop🤔❓VET has broken the local trend line, which is a signal that support has not deterred sellers and price could continue to decline. In addition, we see volume in spikes, which also tells us that big players are locking in their positions. This is also a bad signal for an uptrend. If you look at it from the technical analysis side, there are more downside than upside prerequisites right now. Below is the area where the price could come in. 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.
Long
by Yuriy_Bishko
8
VET-Vechain Bullflag in the making Vechain forms a beautiful bullflag. The price target is around 0,1485.To enable the breakout, two lines must be broken. first resistanceline is the geenline in the bullflag. second resistanceline is the yellowline this line is more important. The line has been around since April,20,2021.In the last few months there have been several attempts to break the line if we break and hold the line upwards. The next price targets in next weeks are 0.1411 and 0.1531. It would also be possible that we would be dismissed from the yellow resistance line again, if that happened the next price targets for the blue support lines. Please tell me your opinion and if you like it, give it a thumbs up
VLong
by Kianlc
2
💡Don't miss the great buy opportunity in VETUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.12041). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 0.12774 TP2= @ 0.13232 TP3= @ 0.13913 TP4= @ 0.14572 TP5= @ 0.15294 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 ❤️
Long
by ForecastCity_World
15
💡Don't miss the great buy opportunity in VETUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.12041). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in a range bound, and the beginning of an 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= @ 0.12774 TP2= @ 0.13232 TP3= @ 0.13913 TP4= @ 0.14572 TP5= @ 0.15294 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 ❤️
Long
by ForecastCity
4
MATIC - VET - ZIL - QTUM! WHEN MOON?I posted regarding MATIC setup yesterday, it had an inv H&S and was looking very bullish. We all witnessed the MATIC pump today, it had a GOD candle and it was under the top gainers on Binance. Now some of the altcoins have very similar structures and mostly looking ready to pump! VET, QTUM, ZIL and many others are there but posted regarding those three! Are we ready to moon? I have posted the VET trade setup here: Hopefully it will playout soon :-) Like and share!
Long
by TychonTrades