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VET

Bottom range: 0.01840-0.02299Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (VETUSDT chart) In conclusion, VET is currently a buy time for the mid- to long-term. Since the 0.01840 point or less is a long-term investment area, it is recommended to proceed when it shows sideways in the 0.01840-0.02299 section in order to proceed with the purchase from a mid- to long-term perspective. Otherwise, if you buy below 0.01840, you will have a really tough time because you never know when the price will actually rise. For more details, check out each chart below. (1M chart) From a long-term perspective, it is expected that a full-fledged uptrend will begin only when it shows support around 0.02695. (1W chart) Since the Bollinger bands have started to contract, the question is whether it can be supported near the HA-Low indicator on the 1W chart and rise above the HA-High indicator on the 1W chart. So, we need to see if it can get support around 0.01858 and rise around 0.02355. (1D chart) The key is whether it can get support around 0.01797-0.01858 and rise above 0.01958-0.02062. Therefore, it is important to be able to sideways within the 0.01797-0.02062 interval. In that sense, the volatility period is around August 3-17. ----------------------------------------------- Of the many indicators or lines displayed on the chart, the most important are the horizontal lines that mark points of support and resistance. Trading is to create a trading strategy and respond to it according to how it moves on these horizontal lines. Therefore, in order to mark the points of support and resistance, you need to look at the 1M, 1W, and 1D charts in order and mark the points of support and resistance. This is because support and resistance points are the strongest lines drawn on the 1M chart. Therefore, other indicators or lines are not directly related to the trading strategy as they are supported or resisted at support and resistance points and are viewed from a trend perspective. The reason why several lines are drawn on the chart in advance is that the positions of support and resistance points may change each time you see them depending on price volatility or your own psychological state. Since this can cause fatal problems in creating a trading strategy, support and resistance points must be marked based on objective data. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
3
Teasing a breakup to new price discovery!I think we're so close to something big happening or an altcoin season in my opinion. Ever since the Ripple lawsuit by the SEC that Xrp is now considered not a security. This cannot be reverted. No appeal is going to change that decision so literally I believe this is the beginnings of the altcoin season and we're on the verge! Patience for a new bullrun any moment.. and we can see that sentiment with mutiples of different crypto ready for big moves in this space, examples such as XLM, TRX (Tron), Flare, Songbird, Vechain, Pundi X and tonnes of others waiting for new price discovery. Ticking timebomb!!
BINANCE:VETUSDLong
by Immortalsouls
VET VeChain Falling Wedge Pattern Vechain (VET) currently finds itself at the end of a falling wedge pattern, which could potentially indicate a bullish reversal in the near future. This technical pattern suggests that selling pressure has been gradually decreasing, while buyers may start to regain control. Considering this chart pattern, there is a possibility of a technical rebound for Vechain, with a potential target price of $0.022. Looking forward to read your opinion about it!
Long
by TopgOptions
Potential Upside MomentumIn the absence of a detrimental reaction to the level of 0.021, the price surge has the potential to extend its upward trajectory, targeting the range of $0.022 to $0.023. Conversely, should an adverse response materialize, the price downturn could endure, finding support within the encompassing range of $0.0176 to $0.0180. It is worth mentioning that the current Relative Strength Index (RSI) level stands at 58, indicating a moderately positive market momentum. This suggests that the asset in question is currently in a state of equilibrium, neither overbought nor oversold, thus presenting potential opportunities for further movement.
by MonoCoinSignal
3
VeChain (VET) Technical Analysis: A/D IndicatorIntroduction: Greetings to all cryptocurrency enthusiasts and investors. Today, we bring our attention to VeChain (VET). As we delve into the latest technical indicators, our focus is on the Accumulation/Distribution (A/D) indicator. However, we are also keeping an eye on the TRIX indicator, which from our previous analysis, we are waiting to cross the zero line to potentially confirm a price pattern. Accumulation/Distribution (A/D) Indicator: The A/D indicator is a volume-based tool used by traders to identify divergences between the asset's price and volume flow. This helps to determine potential buying or selling pressure. VeChain Analysis: Our attention is drawn to VeChain’s A/D indicator which suggests an ongoing accumulation phase and a bullish divergence. This is a potentially positive sign, as accumulation often precedes upward price momentum. Despite VeChain's current sideways or choppy price trend, the A/D indicator shows us that a substantial number of coins are being accumulated in this range. When we view this accumulation phase in the context of the prevailing choppy trend, it aligns perfectly with the A/D indicator’s signals. In such scenarios, the A/D line tends to increase when the security is being accumulated, even if the price movement remains relatively flat. Conclusion: In summary, the A/D indicator for VeChain suggests a period of accumulation which could signal an upcoming bullish phase. As we continue to monitor the TRIX indicator for a potential zero line crossing, this could provide further confirmation for our analysis. However, it's crucial to remember that indicators should not be used in isolation, but in conjunction with other technical analysis tools and fundamental analysis. Always ensure your trading decisions align with your overall investment strategy. Please note that this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions. If you found this analysis insightful, please like, share, and follow for more updates. Stay tuned for more technical analysis of various cryptocurrencies. Best regards, Karim Subhieh
by KarimSubhieh
VET - Inverted head and shouldersHello, thank you for taking the time to read through my post. I would like to discuss here some technical ideas related to VeChain. As you already know, VeChain is gradually forming a bottom. This floor is in the form of a Classic Price Pattern called "Inverted Head and Shoulders". This pattern is often found at important reversal points and is therefore a sign of a trend reversal. The upper black line is the resistance, but also the so-called "Neckline". To confirm an Inv H&S we would need a clearly defined breakout above this line. We cannot say when this time will be, but we can use technical indicators to uncover the story. I would like to discuss with you the TRIX indicator. Short intro to TRIX: The TRIX is a Triple Smoothed Average line, also known as the Triple Smoothing Exponential Moving Average or EMA. It can be used both as an oscillator fluctuating around its zero line, called Triple Exponential Smoothing Oscillator, and as a momentum indicator. In accordance with the nature of moving averages, the TRIX is a smoothed indicator that filters out false signals. The TRIX indicator achieves the best results in clearly trending markets. So by definiton this indicator is a help to filter false signals. As you can see here, the TRIX is now very close to the 0 line and tries to break it from the bottom to the top, which could be a very good signal for an uptrend. So my idea: If the TRIX pushes above the 0 line, that will drive the price to resistance line and when that happens, our classic price pattern will be confirmed. So keep your eyes open and your ears stiff, until next time my friends, Kami
Long
by KarimSubhieh
Whether it can rise above 0.02914 is keyHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ** Analysis of the BTC chart publishes new ideas once a week. ** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations. ** Excluding the above situation, BTC analysis is listed as a daily update. ------------------------------------- (VETUSDT chart) From a long-term perspective, a full-fledged uptrend is expected to begin when the price moves above 0.04757. To do so, the key is whether it can be supported in the 0.02236-0.02519 section and rise above 0.02914. If not, you should check for support around 0.01875. Therefore, the possibility of a trend forming away from the current zone, the 0.02236-0.02519 zone, is increasing. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
1