VET
VET Spot Entry 0.11 Still Time to Get in!!If you missed out the other day there is still time for an entry at VETUSDT 0.11100 anywhere there.
The Idea:
Entry 0.11
TP 0.12
Entry VET/USDT 0.11
I Sell All 10% Profit about 0.12.
Or, I HODL please myself.
Or I sell some 75% and hold a little for more growth.
My idea is to buy and sell all at 10% profit. All In and all out. Little exposure time in a market that's risky to be in. You can lose your shirts in this market easy.
Enjoying the Robert Johnston Blues during these slow boring times trading.
Jaffasoft Signals
VeChain - Longterm Weekly Chart AnalysisLet’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual shareholder! I’m talking of course about VeChain.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. A weekly CLOSE ABOVE this level is crucial.
VET is still above its 50EMA on this 1W timeframe.
VET is still above its Least Squares Moving Average (LSMA) and note that the last weekly candle bounced off the LSMA as support.
Note that overall Volume is still relatively low and the last 16 weekly Volume Bars have been below its Volume 20 Period Moving Average.
VET is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
VET is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 Weekly Candles that i have selected. A weekly Candle CLOSE ABOVE this POC is crucial.
I have added a few support and resistance areas. At the moment, VET has found some support from its lower support area located at around $0.107 - $0.113 . A weekly CLOSE ABOVE the support are is crucial but not the end of the world if we don’t as there is still a lot of support below.
Note that VET is in a massive Symmetrical Triangle on this weekly timeframe. Note that the APEX is around the week of the 13th December.
The Moving Average Convergence Diveragnce (MACD) is indicating momentum is downwards at the moment and note that the MACD Line (Blue Line) has crossed back under its Signal Line (Orange Line) creating a Red Histogram. Note however that the MACD Line (Blue Line) is still above the 0.0 Base Line in the Positive Zone. A drop below the 0.0 basle line on this 1W timeframe will be very bad so its crucial VET stays above the 0.0 base line in the positive zone.
The On Balance Volume (OBV) is indicating momentum is downwards within a range at the moment. Note that the OBV (Blue Line) is below its 9 Period EMA (Yellow Line). We need the OBV (Blue Line) to cross back above the 9 Period EMA (Yellow Line) as well as break back ABOVE the dotted line at around 162.8B and then at around 163.72B for upwards momentum confirmation. The OBV indicator needs to stay above the 160.079B level.
Looking at this longterm chart, even if VET does drop lower, it would still be in a longterm uptrend so long as VET CLOSES ABOVE its Longterm Trend-Line (Dashed Line).
Unless BTC massively shits the bed again down to $28k then VET won’t drop to $0.07 but VET may possibly drop to $0.099 - $0.0934 if downwards pressure continues and VET cannot make a higher low or higher high next week.
Hopefully, after the release of POA2.0, we’ll see VeChain added onto other major exchanges & platforms like Kraken, Coinbase, Phemex, eToro and Bitstamp which will bring much needed liquidity and exposure. I mean FFS, if ShibaInu & Dogecoin are good enough for Coinbase & eToro, surely VET must be. ;-)
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on Chart
50EMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
Longterm Trend-Line = Dashed Line on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bars = Green and Red Bars Bottom of Chart
Volume 20 Period MA = Blue Line going through Volume Bars on Chart
Support and Resistance Areas = Black Lines with Yellow Shading on Chart
Symmetrical Triangle = Ascending dn Descending Trend-Lines
VETUSDT 1DA flag pattern is formed for this altcoin
As prices rise above the resistance of the flag pattern, more buyers are expected to enter the market
After that, Wei China will be on a certain path to the September 6 price ceiling at $ 0.15
On the other hand, bears can push the price towards supporting the flag pattern
In this case, the price is expected to move back to the levels of $ 0.1 and $ 0.095
Thankful
good day
VETUSDT - 2 possible upcoming entries - +10% LONGVET is bumping against an upper trend line, if it gets broken on 4 hour it triggers a long for me. Depending on market conditions I may seek extra confirmation and require break and close on 1day.
If BTC experiences some downside I will look to enter off a retest of 0.11 support.
Be looking to take profit at 0.14
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FUNDAMENTALS
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Logistics
Rank #26
Market cap = $7.7 billion
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NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
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Don´t expect fast moves until mid OctoberLooking at the 2013 past cycle (which had a similar behavior of this year cycle) we can see that we moved explosively in the last 4 weeks before ATH.
And that could happen this time as well, with BTC lateralizing for 1-2 Months before breaking 64k and reaching the top of the cycle.
In the meanwhile, strong altcoin projects can increase in value compared to BTC, so think wisely in which projects you are investing.
My top projects are: ADA, DOT, SOL, AVAX, LINK.
My small cap choices are: VET, ANKR, COTI, GRT, KMD, KSM, SRM, THETA, OGN.
And I don´t like XRP but I have 1000$ that I bought at 1$ for speculation only!
Check my BTC Dominance analysis below.
VET Wedge Formation !VET has made a wedge pattern in the daily time frame. MA200 also supports it. Try to accumulate it from here to the support area and wait for the breakout. Stop-loss can be set under the support area.
🚨 BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss.
History repeats itself Many are wondering why Alts Dominance is rising while BTC was dumping this week.
Well, we are at the end of the bull run, last 2 bull runs ended on the 2 of December and 18 of December respectively, so where do I think it will end this time?
After the 18th of December! Yes, the stock to flow model does work and history does repeat itself, specially when we talk about BTC.
Just like Gold kept its fundamental over hundreds of years, BTC will as well, because it´s just like gold after all, one could keep gold in their homes and hide from the government,
that happened many times in history where during crisis people would convert all they had in gold and hide. (I am not saying you should hide your BTC from the government).
But what is happening now? Our money is worth less everyday, our hours of work pay us the same. People are seeking protection, and when they understand that the volatile market is the best
protection they can have over years are they gonna leave their assets in FIAT money? I don´t think so.
VET to ~$.50 range or higherWe would all love to see $.50+... However, I'm cool with this amount of hopium... for now! ;)
SRMSRM showing some downside to $7-8 range, and that exactly where I will be planning on buying some. Great project wont be surprised to see it reach $30 +