VET
Extreme scenarios for BTC in July With such a low volume is hard to tell BTC`s direction, but we can say that it´s behavior right now is on Squeeze mode,
which means we could could have a volume explosion to any direction soon.
things to look at:
1) Weekly EMA 50 Close today: a) Closing above it would be bullish b)Closing below it, Bearish
2) Eventually getting a rejection at 34500: Since when we broke the triangle, it seems like we are trying to test the bottom of it as the next resistance.
Getting rejected at that level could led to more dump easily.
3) BTC Dominance: If we are lateralizing between 46% right now, if we start to go down could indicate a pump,
going up would indicate a dump in the market.
Have a good one guys.
Vechain - VET - Risk to reward challenge - MA Price squeeze!Vechain - VET - Risk to reward challenge - Moving Average Price Squeeze! Price is being squeezed into a tight consolidation range between the descending moving average and the fibonacci 76.8 support level. Expected breakout in either direction. What is your bias? We will see?
Looking VET for breakout in next weeks Looking for VET to breakout in same point in next few weeks or months, depend what Bitcoin will do. But i bet on upside.
VeChain - Accumulate itQuick VeChain update:
We are seeing sideways ranging with VeChain on this 1D timeframe.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. We need to turn this level into strong support.
VeChain is still below its 50EMA for this 1D timeframe. We need to eventually cross this level and turn it into strong support.
VeChain is still above its Least Squares Moving Average (LSMA) for this 1D timeframe. Note that when the price crosses above the LSMA, it is positive and was a potential buy signal.
Volume is still relatively low for this 1D timeframe. Note that the Volume Bar is below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visable range.
The Moving Average Convergence Divergence (MACD) is indicating momentum is still upwards and the MACD Line (Blue Line) is still above the Signal Line (Orange Line). Note that the Green Histograms has lightened indicating a slight weakening of upwards momentum. A crucial point on the VeChain 1D timeframe will be when then MACD Line (Blue Line) crosses back over the 0.0 line into the positive zone.
The Chaikin Money Flow (CMF) is indicating VeChain is in distribution for this 1D timeframe with the CMF Line (Green Line) in the Distribution Zone at -0.04. The CMF is still slightly above its Least Squares Moving Average (LSMA) which is at -0.06. Note that the CMF (Green Line) is starting to point upwards.
The question is, is VeChain in a Falling Wedge, a Symmetrical Triangle, a Descending Triangle or All or None of the above on this 1D timeframe. Note the Horizontal Support Line has been tested on 5 separate days and that was our resistance of our previous Ascending Triangle. Ideally, any positive breakout must be on increased volume.
The way i see it, we only have a few more weeks “possibly 4-6 for BTC” of continued consolidation within a range before the market makers decide that the path of least resistance is upwards which affects all cryptos. But who knows, it may be sooner. Even if VET dips more, now is the time to buy. What is the point of waiting to accumulate a crypto after if its done a +50% rise? You’ll just end up buying at the top again. So accumulate, accumulate, accumulate VeChain before the next rise……. As well as ADA.
I hope this is helpful with your trading and hodl-ing.
VET Intraday Trade I've gone ahead & labeled the Supply & Demand zones. Here we've just bounced off the Supply & believe we will make our way up to the Demand over the next hour or so, my trade is set for 3% gain If it's filled.
*Not Financial Advice
VET testing the resistance zoneWe are currently testing the upper resistance zone as well as the trending line in this wedge.
If we are able to break above the resistance zone/trending line we may see a nice push towards .08, this may be a very great end to the week. BTC seems to be gaining ground as well but it could very easily consolidate & shift the market into a consolidation phase.
*Not Financial Advice
VET could be on its way to .10As you see we are headed to the previous resistance back on June 20th which could be a great Buying Opportunity for a Swing Trade. We very well could break that resistance & fall until that Golden resistance which would be an Optimal Buying Opportunity once we get confirmation of a breakout.
*Not Financial Advice
VET TRADE #28 - Support retest entryIf support line is retested there's a trade opportunity to go long to 0.1 area.
BTC is potentially entering a squeeze zone and could get very volatile, stop loss on VET is essential here otherwise you can get gigarekt. And essential to take profit and not get greedy, when things get bearish you get less greedy. Don't go looking at 0.137 with stars in your eyes!
==TRADE==
TP2 = .095
TP1 = .082
ENTRY = .07
STOP = .068
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Fundamentals
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Blockchain-powered supply chain platform
Top tier project
--==--==--==----==--==--==--
VETUSD Long Term Setup!
VETUSD (Weekly Chart) Technical Analysis Update
Buy Level: $0.055 - $0.070
Good Pick for the Long term, Vechain currently trading at 0.078. it's already hit the uptrend support line I'm expecting bounce back from this support line. if it breaks trend support line then it can reach below 0.55 but chances are very less.
also, you can see that previous resistance line acting as strong support.
based on past trends we can expect minimum 750%+ growth.
Vechain Overview: VeChain is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
Note: please do your own research before investing. Never invest money that you can't afford to lose. Every investment involves risk of losing the entire invested money.
VETUSDBINANCE:VETUSD is neutral-bearish and holding position above long term uptrend line. Decision time in the next few days.
Steps to take:
Buy at trendline support OR first horizontal support line OR multiple buy signals
Take profit areas are .10 > .15 > .24 resistance zones. One method is to take 30% profit at each zone.
Not financial advice, trade at your own risk
vet coins : Is it crypto currency for save now?vet coin or vechain is blockchain on smart contract platform that focuses on 'processing tracking business'
for now vechain to hospital mediterranean hospital of cyprus is using the blockchain to track the COVID-19 vaccination. through the E-HCert application as well .
in my pov for elliottwave analysis : i think it will go up to that price is 1.44$ and next target price is 10.3$
don't believe me It's just a personal analysis.
thank you for reading my pov analysis .
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