The key is whether the price can be maintained above 0.03175Hello traders!
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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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Vetusd
VET ANALYSIS (4H TF)We are still on the green zone of the previous analysis. But according to the recent data we have on the chart, we can recognize an ABC wave that we are now inside a B wave, which is a diametric.
The g wave can end somewhere between the 0.718 fibo and 100% of the a wave. We have updated the green range compared to the previous analysis.
If the price returns to the green area, it is a buy/long opportunity.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Brief Analysis——VETVeChain is 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. VET is the Token of VeChain. On Sep.12, after Coinbase announced that it would list VET, VET increased for several days in a row. Apart from being listed on Coinbase, there are no additional benefits.
At the daily level, although the increase brought about by the listing is very strong, it has not recovered the earlier decline. Price fluctuations of 20% are common for VET. At a large level, VET has never been able to break through the yellow wavy range. After rising, VET remained fluctuating for nearly a month, during which trading volume returned to previous levels.
The MBF indicator showed a strong bottom-buying sentiment on Sep.13. The listing on Coinbase indeed attracted many traders to collect chips. We can also see this from the WTA indicator. When 4 consecutive candles appear, the blue whale participates in the transaction. However, it should be noted that after the increase ended, the price continued to fluctuate for a month, and the whale disappeared. In addition to the blue columns, the gray and red are also gone. Only retail investors are trading. This shows that the whale has taken profit. In recent days, we can see very short blue bars appearing while the price is indeed falling, which is not good.
The rise of VET may be over.
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.
Support range for short-term uptrend: 0.01599-0.01647Hello?
Hello traders!
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(VETUSDT chart)
(1M charts)
In order to turn into an upward trend, the price must meet the HA-Low indicator, receive support, and rise above the MS-Signal indicator.
Therefore, the key is whether it can be supported and rise around 0.006085-0.008837.
(1W chart)
The key is whether it can be supported by rising above the HA-Low indicator, that is, above 0.01741.
Therefore, the key is whether it can receive support and rise around 0.01741-0.0211.
If not, it is expected to fall to around 0.004398.
(1D chart)
It shows an upward trend near the HA-Low indicator.
Accordingly, the key is whether it can receive support and rise around 0.01599-0.01647.
To do this, we need to check whether we can break upward through the downward trend line and the M-Signal indicator on the 1W chart.
1st: 0.0197
2nd: 0.02382
You need to check whether you can receive support and rise near the 1st and 2nd levels above.
If the price rises above the MS-Signal indicator and maintains the price, there is a possibility that it will turn into an upward trend.
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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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VETUSD Flat IdeaIn my point of view Vet is running a running flat correction from the beginning. In present it is running the final leg. Let's see whether the supercycle wave 5is truncated or not. If 0.218 area broken and started pumping the 5th wave has truncated and a new wave has started. Unless that we can expect further downward movement. Currently wee are in the leading diagonal of cycle wave
Vetusdt.p long scenarioHi guys.
I think the direction of altcoins changes according to the direction of Bitcoin.
we set up a long scenario under the condition that Bitcoin's downside correction stops.
In rare cases, a symmetric triangle pattern may appear in wave 2 of Elliott.
If Bitcoin's downward correction is not over, it will rise again after checking the end of the line after breaking out of the symmetric triangle with the abc wave.
This is not a but&sell signal. good luck to you
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.
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(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.
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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.
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** 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.
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VET ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the VET symbol.
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
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!
VET/USD - My Longterm PlanVeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
Notes:
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the Ichimoku Cloud.
VET is under both its 50MA and 200MA levels.
The 50MA has crossed back under the 200MA on this 1 day timeframe.
If we look at the volume for VET/USD, it’s been very low since around July 2021 and has not really recovered.
On this chart, i have added various Support and Resistance Lines as well as Areas of Interest as highlighted with the Black Dotted Lines with Yellow Shading.
If we look at the Chaikin Money Flow (CMF Indicator), we can see that the MF Line is still very near its 0.00 Base Line, a cross below the 0.00 Base Line will take VET into Distribution on this 1 day Timeframe. Note the the MF Line is still below its Least Squares Moving Average (LSMA) Line.
My longterm Hodl plan for VET/USD:
I still believe we will see $0.0096 to $0.0084 especially when the USA finally admits publicly that it is in a Recession, which when it does, will mean it’ll actually be in a Depression. So if this recession plan follows through then i will be looking to buy in around $0.0096 to $0.0084 and longterm hold until it reaches back to the ATH of around $0.28 and then re-asses the situation. A successful Daily Candle close below $0.0152 will be my first confirmation that we may see below $0.01.
With the potential oncoming of this world depression, if the only way out for the US is to start WW3 to counter BRICS, the loss of the Petro Dollar, the loss of sanction power and the growing +$32T of debt then i believe we could see $0.0057 to $0.0043.
When the oncoming recession/depression pivots and the new Bull-Run starts, after a while, keep an eye out for when the Mainstream Media starts broadcasting to the public about huge Crypto Gains! When this happens you’ll suddenly have random family and friends who now want to jump into crypto because it has gone up 1000s of %! This will be the time to consider taking profit on any long term hold as all the newbies jumping on the band wagon will be providing EXIT LIQUIDITY to those who got in at a really low price. Once this happens, then the market makers will change direction and become Bearish as Bulls and Bears are the same people I.E they are the Market Makers. I have seen this happen twice now with the Crypto market, once in 2017 and another in 2021.
As always, we must keep an eye on what BTC/USD is doing.
Anyway, this is all just my opinion and i have other strategies in place for if we don’t see sub $0.01 again.
I hope this post is helpful.