VETUSD On the verge of an enormous rally.VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for VET.
This resembles the break-out on the June 08 2020 1W candle, which extended above the 0.786 Fibonacci level measuring from the first Lower High and after a pull-back to the 1W MA50 (blue trend-line), it made the ATH just below the 2.0 Fibonacci extension.
As a result, our target on a 6-month horizon is 0.14500, which is at the bottom of the Lower High Resistance Zone.
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VET
At the beginning of a big move, but wait, the accident is lurkinThis currency is ready to grow by 130% after breaking its important resistance range. This failure can be fake, so it is better to keep an eye on this currency and if it breaks the previous peak and stabilizes it, we can have a safe entry.
VETUSDT.1DBased on the given market data, the current price of VET (VeChain) against USDT (Tether) is at 0.031. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 69.98, 63.0, and 66.22 respectively, which are near to the overbought territory (RSI of 70 and above). This might suggest that there could be a potential price pullback in the short term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are positive, indicating a bullish market sentiment. The price is at the Bollinger Bands (BB) middle line for both 4 hours and 1 day, suggesting the market is in a neutral state.
The support levels are at 0.030, 0.028, and 0.027 for 4 hours; 0.028, 0.027, and 0.024 for 1 day; and 0.027, 0.021, and 0.014 for 7 days. Meanwhile, the resistance levels are at 0.031, 0.032, and 0.035 for 4 hours; 0.032, 0.034, and 0.036 for 1 day; and 0.032, 0.039, and 0.044 for 7 days.
In my opinion, although the RSI is nearing overbought levels, the positive MACD indicates bullish sentiment. However, traders should watch out for the resistance and support levels and also the RSI for any potential price reversals. As always, it is recommended to use these technical indicators in conjunction with other information and not rely solely on them for trading decisions.
vechain getting ready for 3 to 4x bullish rally seems like has already bottomed out and preparing for solid recovery in coming weeks
Over All Consolidating In Symmetrical Triangle & Recently Breaks Range In Lower Tf Now Approaching Towards Multi Year Trend Line & Expecting Breakout Incase Of Successful Breakout Expecting Massive Recovery In Midterm Expecting 3-4x Bullish Rally
VET ANALYSIS (4H)On the chart, from where we entered "START", we seem to see a correction.
This correction seems to be a diametric.
There was a suitable place for the termination of the D wave on the chart, which we marked with red color.
If the price reaches this range, you can enter a sell/short position.
We have specified the targets on the chart. We also specified the invalidation level. Closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
it's time to going down for VETUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: here
Target1: 0.03010
Target2: 0.02964
Target3(Final Target): 0.02889
Stoploss: 0.03184
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#VET/USDT LONG#VET
Since July 2022 the price has been moving in a bearish flag
Support was adopted on the bottom border of the flag
Now the price is about to increase this model
And the moving of the Moving Average 100was broken.
Price Now 0.02571
First Goal 0.03265
Second Goal 0.03969
Representing 170% of the current price
You must pay attention to the rebound points to be used.
🚀VeChain (VET) Re-Accumulation Potential and Range Confirmation
#VET rallied +43% to Range High, confirmed to remain inside the range with new Monthly Close.
Potential re-accumulation range above major white breakout structure.
Possible move to tag Range Low as support for affirmation. 🚀📈
#VeChain #CryptoAnalysis
VET/USD Main trend. Accumulation / distribution. Pivot zonesThe main trend. Logarithm. Time frame 1 week.
This time frame is more for orientation, where the price (area to work or monitor now) is in the main trend and what is the potential for price decrease/increase from its values now. The exception, this work and analysis is for investors and position traders with large capital, who are not interested in short-term and medium-term price movements for a small %.
The average prices of the accumulation and distribution zones of the last cycle are marked. Previously actively traded this coin, the previous ideas fixed under this trading idea.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work .
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Secondary trend.
VET/USD Secondary trend. Wedge. Pivot zones.The secondary trend. Logarithm. Time interval: 3 days.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Local area of double bottom 40%
Major trend. Time frame 1 week.
VET/USD Main trend.Accumulation/distributionPivot zones
The key is whether the price can be maintained above 0.03175Hello traders!
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Please also click “Boost”.
Have a good day.
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(VETUSDT chart)
(1D chart)
As it rises above 0.02776, I think the possibility of a full-fledged upward trend has increased.
However, since the long-term moving average is still reversed, the key is whether the price can be maintained around 0.03175.
If that happens, it is expected to rise above 0.04757-0.05385 and escape the bottom range.
If it falls below 0.03014-0.03175,
1st: 0.02776
2nd: 0.02110
You need to check if you receive support near the first and second levels above.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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VET/USDT Bracing for Potential Breakthrough Resistance? 👀 🚀💎 Paradisers, focus on #VETUSDT as it showcases a promising development. The asset is approaching a crucial resistance level, with strong indications of an upward movement on breaching this barrier.
💎 Reflecting on #VeChain recent market behavior, it has consistently followed a descending channel pattern. Recently, it broke above this channel and is now gearing up to challenge the resistance at the $0.03793 zone. There’s a significant likelihood that NYSE:VET will embark on an upward journey, aiming to overcome this major resistance.
💎 #VET traders should remain versatile and ready for different outcomes. If it fails to sustain its upward trajectory and dips below the current demand level of $0.02741, the market's direction could shift. Traders may then need to pivot their focus towards a bullish recovery from a slightly lower demand level of $0.02653.
💎 Crucially, a fall below this lower demand level would be a signal to reassess the situation. Such a development could indicate challenges in maintaining the bullish trend, requiring a strategic reevaluation of the market approach. 🌴💰
VET/USDT Bullish Outlook from Key Support Level? 👀 🚀VeChain💎 Paradisers, focus on #VETUSDT as it displays a promising pattern. The asset is currently maintaining a critical support level and is gearing up for a potential bullish movement.
💎#VeChain has shown a tendency to follow a descending trendline, breaking above it to initiate an upward trajectory. Presently, after retesting the trendline, it is demonstrating strong momentum at the key support level of $.02125. A break above the resistance at $.02188 could significantly increase the chances of a robust bullish movement. Should this upward momentum be sustained, NYSE:VET is set to target the resistance level at $.02262, with the possibility of extending to challenge further resistance at $.02372
💎 It’s also essential to be prepared for the scenario where #VET might fall below the support level of $.02123. In such an event, a bullish rebound from a lower support level of $.02071 could be expected. However, a descent below this level might raise questions about the sustainability of the bullish trend.
💎 In this dynamic trading environment, strategic insight and informed decision-making are crucial. Crafting a comprehensive trading strategy that encompasses effective money management and a thorough grasp of support and resistance levels is key to securing successful trading outcomes. 🌴💰
VET/USDT Break alert, Bullish Momentum ?? Vechain Analysis Today💎 VET has successfully break the resistance trendline of its descending pattern, and we're looking for a daily close above this trendline to confirm the breakout.
💎 A corrective phase for retesting the newly established support trendline is expected before VET continues its upward trajectory.
💎 Historically, VET has twice rebounded from a strong demand zone. The first bounce saw a modest 13% uptick before retracing back to the demand area. On the second occasion, VET surged with a strong Marubozu green candle and confirmed a breakout two days later. This sets the stage for bullish momentum in VET's short-term movement.
💎 The bullish outlook would be invalidated if VET's daily candle closes below the strong demand zone
VET's Manipulative Chart: Spotting Liquidity Sweeps for Profit!Today, let's unravel the intriguing dance of VeChain (VET), a coin that consistently orchestrates a substantial pump following a liquidity sweep. It's time to decode the manipulative ballet and learn how to use these maneuvers to our advantage! 🩰📈
VET's Manipulative Symphony:
Observing the Pattern:
Ritual: VET engages in a dance of liquidity sweeps, luring unsuspecting traders into its intricate moves.
Purpose: Each sweep creates a spectacle, shaking up the market and setting the stage for the next act.
Mastering the Sweep and Return:
Tactic: VET's modus operandi involves a sweep, swiftly grabbing liquidity, followed by an equally swift return to the prevailing trend.
Opportunity: Savvy traders can capitalize on this pattern by strategically entering the market after the liquidity has been snagged and the price retraces.
Navigating the VET Dance Floor:
Identification of Liquidity Clusters:
Key Skill: The ability to spot clusters of liquidity is paramount. These areas often become the focal points for VET's dance.
Timing the Entry:
Strategic Move: Enter the market after the liquidity sweep and subsequent retracement, aligning with the prevailing trend.
Caution: Beware of false signals; confirm the upward momentum post-sweep for a more secure entry.
The VET Advantage:
Consistent Performance:
VET's ability to consistently execute this manipulative ballet provides traders with recurring opportunities for profitable engagements.
Educational Reminder:
VET serves as a reminder that not all market moves are organic; understanding and adapting to manipulative strategies can be a valuable skill.
Conclusion:
VET's manipulative ballet is a spectacle worth studying for traders seeking an edge in the crypto market. By identifying liquidity sweeps and entering strategically, you can dance along with VET and turn its orchestrated moves into profitable performances.
May your trades be as graceful as VET's dance on the crypto stage!
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Brief Analysis——VETToday our analysis target is VET. We have analyzed VET a few weeks ago. Now that its price is back near the highs again, let's see what will happen.
VET is the token of project vechain, a smart contract platform focused on providing supply chain management solutions for enterprises and integrating with Internet of Things (IoT) devices to facilitate the process. Founded in 2015, it is a old project. Under such circumstances, many old holders will not care about the token, but new holders will not be interested in it. So more holders are whales or project parties.
You can see that we have marked three periods of rise with three green intervals.
First, let's look at the first green interval. This is a classic whale-rise. The VET rise was accompanied by whale inflows until the correction started. There were no destructive candles during the correction. In such a case, the bullish trend will not end.
Subsequently, consistent with the reflection of WTA indicators, there was a second round of rise. But as VET reached 0.023, there were very few blue columns representing whales. This shows that at this stage, the original whales began to gradually take profits during the rise of VET. If you regularly use our WTA indicator, you know that a bullish trend will be terminated after a destructive candle. So VET fell rapidly afterwards and returned to the black dotted line (the starting point of the rise).
Then VET started to rise again, but like the second green interval, the blue column representing the whale did not appear. After the price moved back near its highs, the bears began to gain strength.
Therefore, if VET does not have whale support, if a long rainbow candle appears again today, it is very likely to end the upward trend again.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.