VET Back in the descending triangle - Wait for the breakout!Here's a quick look at VET 6 hr chart. As we can see, the price broke out previously but has now broken back into the descending triangle due to the Bitcoin crash. The price is now in the descending triangle and the idea is to buy when the price breaks back above the falling wedge .
The best entry would definitely be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedgel and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 0.137$
2. 0.147$
3. 0.154$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
VET
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update
As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later.
VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line.
VET is below its 50EMA on this 4hr timeframe.
VET is below its 200EMA for this 4hr timeframe.
At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum.
VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility.
VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected.
We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA.
The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength.
The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum.
I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity.
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on chart
50MA = Yellow Squiggly Line on Chart
200MA = Red Squiggly Line on Chart
Bollinger Bands = Green Bands on Chart
Pitchfork = A,B,C Pattern on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bar = Bottom of Chart
Volume 20 Period MA = Orange Line Going through Volume Bars
VET/BTC buy opportunityHi followers,
VETBTC is currently bouncing of a support area, after retesting the breakout from the falling supply line, creating higher low which confirms the up trend.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
VET/USDT Next Targerts!!!BINANCE:VETUSDT
Hi guys it's me dani i'm here to share with my new prédiction of VET , this coin is bouncing upwards in August 14th VET cross up the MA 128 and today we confirm a new Bullish run , i set a buy here with 5% of my total bag and i will 25% in each TP ( we have 4 TP) and for STP i will fix it in 25% to protect my wallet in case the market goes down . i hope this trade will help to increase your wallet and don't forget to follow me and share my idea with freinds/family it's free and i will be very thankful .
Good Luck
VET on the move for new all time highs soon! Target Min 30c!VET on the move for new all-time highs soon!
Made some nice gains already today on VeChain, I see this baby continuing to go up for the remainder of 2021 with a wave 5 target between $1 to 1,40 by end of the year.
I am trading this in the short term and have these targets over the next 4 to 6 weeks:
1. 19c
2. 24c
3. 34c (possibly up to 40c region depending how much fomo this gets and should Bitcoin breaks out to new highs)
STEP 1 ->>>>>>>>>> The next VET objective is to break above its 6 Aug high of 14,4c and then this should rally to 19c in no time, expect a decent retracement then with much profit-taking as a lot of traders are looking at that level.
STEP 2 ->>>>>>>>>> following a break about above 20c we then expect to see the next consolidation at all-time highs between 24c to 28c. Sell any tests of the higher end of this range.
A good risk-reward target is therefore 30c and then I would look for a more sizeable couple-week retrace before entering again for the next leg up. As long as bitcoin plays the game VET will outperform bitcoin for the rest of 2021.
Good luck traders and remember to DYOR!
VETUSDT 1DThe uptrend channel was broken and could not overcome its resistance and the price fell
It took a while and the price returned to the channel, but due to the price action obstacles, it seems difficult to cross the channel.
A monthly resistance at $ 0.15 could be the next ceiling
Of course, the price does not have enough power to pass this price
And it seems to return to its support at 0.11
VET/USDT pair look great!VET/USDT pair is pretty....
- Stand above Fib 0.618
- Almost break the resistance level (yellow box area)
- Bull Flag pattern (blue box area) and great support level in the orange line.
- Weekly MACD candle changed to green
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
VETUSDT (1D CHART) - Cup and Handle PatternVETUSDT (1D CHART) Technical Analysis Update
Cup and Handle Pattern
VETUSDT currently trading at $0.145
Buy-level: Above $0.144
Stop loss: Below $0.112
Target 1: $0.174
Target 2: $0.213
Target 3: $0.249
target 4: $0.279
Max Leverage: 2x
ALWAYS KEEP STOP LOSS..
VETBTC Technical Analysis
⏳ Spot
💎 VETBTC after breaking above the resistance with several green candles is expected to go for a pullback and then go up again.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00000255
☕️ TP1 0.00000295
🍺 TP2 0.00000305
🍻 TP3 0.00000320
🍾 TP4 0.00000335
🍷 TP5 0.00000370
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.00000230
Good Luck 🎲
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VETUSDT Technical Analysis
⏳ Spot
💎 VETUSDT after the breakout of the resistance will go for a retest and then again will go up. It may go to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.12300
☕️ TP1 0.14066
🍺 TP2 0.14700
🍻 TP3 0.15950
🍾 TP4 0.17000
🍷 TP5 0.20000
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.11300
Good Luck 🎲
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💡Don't miss the great buy opportunity in VETUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.12719).
. 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 61
Take Profits:
TP1= @ 0.14463
TP2= @ 0.16628
TP3= @ 0.19325
TP4= @ 0.21488
TP5= @ 0.25013
SL= Break below S2
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Vechain makes a bullish bounce!CHART OVERVIEW
VET/BTC - Weekly Chart - Binance
CHART DRAWINGS
On the chart are key resistance and support measured by the Fibonacci retracement. Also with the Fib circle tools, you can see where the price has found support and resistance.
ANALYSIS
Vechain has bounced out of the 0.5 Fib circle and from the 0.5 retracement line. This shows confluence towards more bullish action.
CONCLUSION
The week isn't finish but it would not be suprise me if Vechain restest the high of august 16th at 00000.305. Vechain was a powerhouse before the crash, fundamentals remain the same, no reason to not see a strong bull run coming soon, price action is indicating a breakout from this pivotal point of the 0.5 retracement and fib circle, the week is not over but as long as Vechain stays above the 0.5 fib line (0.00000254) the price is on the bullish side.
What do you guys think? Are you bullish or bearish?
*Disclaimer: Not professional financial advice, only invest based on your own research!