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VET

Altcoin? Not until Bitcoin determine its trend.I had not been updating altcoins lately. This is because the trend of altcoins will be determined by Bitcoin. If Bitcoin is in a downtrend, no matter how bullish it is for the altcoin, it will still retrace and vice versa. This is because Bitcoin hold the most dominance in crypto market. ALTCOINS FOLLOW BITCOIN TREND. Until Bitcoin reveal its true direction, we are unable to give any prediction to the altcoins. For now all we can do is just pay attention to Bitcoin.
CRYPTOCAP:TOTAL2
by CryptoSpaceMy
Vechain (VET) Breaks Out The Triangle And Ready To ExplodeHey friends hope you are well and welcome to the new update on the Vechain (VET) Breaking out the triangle: On 3rd of June, the price action of VET broke out the resistance of the symmetrical triangle on the daily time frame chart and now it is re-testing the previous resistance of the triangle as a support. When to buy? Even though it can be the right time to buy the VET while it is re-testing the previous resistance as a support but can be bit risky. To minimize the risk factor we can wait for the candlestick to close above the high of the breakout candlestick which is $0.1450 on the daily time frame chart. The stop loss and the sell target: Once you decide to buy then two points can be used as a stop loss: 1. The support of the triangle 2. The recent swing low before the break out which is $0.11. The technical sell target for this triangle is $0.19. Moving against the Market: We can observe that Bitcoin is still moving in the triangle but on the other side the VeChain has ignored the market’s trend and broke out the resistance. Therefore, if the BTC breaks out the triangle then VET can produce more profit than Bitcoin. Support and resistance levels: After the recent drop the price action of VET has been bounced from the $0.08 strong support. There is also an additional support of 200 simple moving average on the daily chart just below the $0.08 and the price action also used 200 SMA support for this bounce as well. Now the price action is struggling to breakout the $0.14 resistance. After $0.14 resistance there are $0.19, $0.24 and $0.27 resistance levels respectively. Conclusion: The Vechain has broken out the triangle before the Bitcoin. Therefore incase of the BTC breakout it can be the top mover among the top altcoins.
by moon333
1
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update: VeChain has broken out upwards from its Ascending Triangle. VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe. Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe. Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band. VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain is above its Volume Point of Control (POC) for this 4hr timeframe. VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row. The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards. The future looks extremely bright for this future giant of the crypto industry. Here is a closer Look at the CMF. Here is a closer look at the ADX DI. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSDLong
by TradingThroughTheLens
4
Vechain (VET) Retesting 14 Cents!Big weekend ahead for Vechain and the of the cryptocurrency market. We have very important resistances to break the first being $0.14 cents for Vechain. As of right now we're at the doorsteps of retesting it. If we fail to break this we may have choppy waters ahead potentially going back down to below $0.10 cents in a worse case scenario but good if you want to load up heavy on more Vechain. We've been making higher lows that's always a nice sign. I hope nobody is sleeping on Vechain as this project is primed to be a $100 Billion dollar market in the near future. There is simply no other cryptocurrency addressing supply chain, data, and logistical issues on a global enterprise level. We have have Bitcoin 2021 in Miami June 4th - 5th so we'll see how this conference affects the overall tone and sentiment of Bitcoin going forward. It is estimated that more than 50,000 people will be attending which is a record so we'll see if this will have a positive effect on the markets. I'll be there! Much peace, love, health, and wealth. Stack crypto safe and hodl with grace =]
Long
by peacefuljustin
VET big move coming soon!!?Vechain has fully broken out of the descending channel and now in the past few days we are seeing nice momentum pushing the 0.3 FIB level. If you look at the RSI, we're seeing an approach to the 50. point, if we can see a full break of this level we will be in a confirmed uptrend and we all remember what vechain did at the beginning of march this year! Also looking at the MACD we see a buy signal put out the other day and now starting too see a confirmed bullish flip of the Blue and Orange MA's, plus looking like 2 green bars on our histogram and we haven't seen that in quite some time. I think if we see a bullish close today above the 0.3 FIB we have a good chance of gaining a lot of momentum to launch us to the 0.5 FIB and beyond. Not financial advice just my opinion ps. everything also depends on BTC
BINANCE:VETUSDLong
by JacobR905
VeChain hitting the resistance of triangleDear friends welcome to the new update on Vechain. Previously the VET formed a nice trade setup and gave us chance to earn good profits. This time on the daily time frame char the VeChain has reached the resistance of a symmetrical triangle. On the other hand, the Bitcoin is very close to the resistance of descending triangle. Now we can observe the BTC move if it breaks out the resistance then VET can also breakout and start a powerful rally. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
2
VET DAILY TRADE #27 -> Mid range setup, buy .114Yesterdays trade got us 5% and leaves us hanging mid range. If we can bounce on .114/.115 that would trigger a trade setup with a target of .133 Everything depends on bitcoin, so this basically bets that BTC doesn't fall under 35k. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! ==TRADE== ENTRY = .114/.115 ONLY IF it bounces and stays above on 4h (may mean buying .116) STOP = 4H close below .114 --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
2
VET DAILY TRADE #26 -> Triangle FormingFor a number of ideas now I've had a descending channel and trades based around that. BTC is arguably in a symmetrical triangle, VET is following that lead and forming its own version, so those trend lines provide potential trade setups. I'm leaning towards BTC getting bullish and testing the upside of this triangle, VET will follow. I don't think theres enough interest to break pattern. I will be looking for shorts at the top of this triangle. If we can break and close above .113/.114 here on the 4H that would signal a move upwards. **THESE TRADES ARE FOR FUN AND NOT FINANCIAL ADVICE!! ==BREAKOUT TRADE== ENTRY = Buy the 4H break and close of .114 STOP = 4H close below .114 ==AGGRESSIVE TRADE== ENTRY = on trend line, .0998 to .093 STOP = close below trend line --==--==--==-- Fundamentals --==--==--==-- Rank #14 Market Cap = $12,585,223,824 Blockchain-powered supply chain platform Top tier project --==--==--==----==--==--==--
Long
by tommytoan11
2
VeChain - A quick 4hr chart updateQuick and easy VeChain 4hr chart update: On this 4hr timeframe, VET is above its Bollinger Bands Middle Band Basis which is a 20 period SMA. VET is back above its 50EMA and has managed to close 2 previous 4hr candles above it and looks like it will do the same for this 3rd 4hr candle. VET is still above its Least Squares Moving Average (LSMA) for this 4hr timeframe. I have added just the Ichimoku Cloud (Kumo) part to show that VET is now out of the Bearish Zone and back in the Equilibrium Zone of the Ichimoku Cloud. If you are waiting for FULL Bullish Confirmation for this timeframe, then you would wait for a Kumo Twist where the Leading Span A (Senkou Span A) moves back above the Leading Span B (Senkou Span B) levels creating the start of a new green cloud. The ADX DI is indicating that positive momentum has increased and notice that the +DI (Green Line) has crossed back above the -DI (Red Line). The +DI (Green Line) now at 19.68 & the -DI (Red Line) at 17.01. The ADX (Yellow Line) is at 17.9 and has dropped below its 9 Period EMA (White Line) which is at 20.39 indicating a weak tend at the moment. The Chaikin Money Flow (CMF) is indicating a steady increase in accumulation with the CMF Line (Green Line) at 0.08. VeChain is above its Volume Point of Control (POC) for this visible range. VeChain is in an Ascending Triangle pattern so we could see another attempt at getting back above the equilibrium zone & back into the Bullish Zone for this 4hr Timeframe. Here is a closer look at the Average Directional index (ADX DI). Here is a closer look at the Chaikin Money Flow (CMF). I hope this is helpful with your Trading or Hodl-ing.
BINANCE:VETUSDLong
by TradingThroughTheLens
2