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Vetusd

Vechain (VET) Has Broken Out The WedgeHey friends, hope you are well and welcome to the new update on VeChain Coin. On daily chart the priceline of VET coin was moving in a falling wedge. Finally the price action has broken out the resistance of this pattern. The volume profile is showing very low interest of the traders in the area where the priceline is moving therefore the price action can move more up in the area where the trader’s interest is strong. Once the exponential moving average 10 will cross up the EMA 21 then a further bullish momentum will be confirmed and move buying volume will be entered. On the long term weekly chart after a strong bullish move the priceline is retraced at 0.618 Fibonacci retracement level an likely to re-test the ichimoku bearish cloud as support. The conversion line is moving down to form bear cross with baseline but lagging span is again moving up therefore we can expect that soon the conversion line will be moved up that will be strong buying signal for the long term rally. On the daily chart different short and mid term support and resistance levels can be seen. The priceline is moving between $0.011 and $0.015 support and resistance level. At the moment candlesticks are trying to breakout $0.015 resistance. Once this resistance will be broken out then a move upto $0.018 resistance is expected very soon. Conclusion: As the price action of VET coin has broken out the resistance of wedge but the buying volume is not as that much powerful that can give us confirmation that it is not a fake-out. However, if we will see the weak buying volume with continuity and the EMA 10 will cross up the EMA 21 then we can have the confirmation of a firm breakout. And in case of this bull cross between these two EMAs 10 and 21 we can expect a rally upto $0.018 very soon and in case of breaking out this resistance the price action can move upto $0.021 powerful resistance.
Long
by moon333
2
VET/USDT - A very BULLISH long term outlook on Vechain.After some previous ideas of trying to find the bottom with Vechain, I've decided to wait until a better set up arrives. Now that we've been waiting for some time now, we now have a lot of different patterns that could potentially give us a Blue Sky Breakout , one of the most fun breakout patterns in a ticker. Some of the patterns are a broadening top pattern, something that is similar to the SPX, this could either mean life or death for a ticker but in this case we have a bullish Falling Wedge pattern that gives us confluence that this broadening top pattern could be used as a bullish setup. This will mean that we need to watch resistance breakouts at 0.023 to 0.0267 levels to confirm this case. Another bullish confluence is the nice bounce off the monthly trendline and CAM R4, a bounce off CAM R4 is a big telltale sign of bullish continuation which adds on to the breakout of the falling wedge pattern. If these bullish patterns are confirmed then we'll be able to see a fun ride above the blue sky breakout levels. I will also keep an eye on other VET pairs, more importantly VETBTC and VETETH. Leave a like/comment if this idea helped you at all! I am not a financial advisor, trade at your own risk.
Long
by pjgonzales
3
VET/BTC (Testing Key Level Resistance)💎Technical Analysis Summary💎 BINANCE: VETBTC -VeChain is testing the previous Key Support area -This current zone is a confluence of Resistance>Suppport -If VET can break above and consolidate -That would be a Bullish sign of strength -But a fail attempt will lead to further downside action -So please always plan your trade A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
2
BULLISH ON VET. Highly OverSold!VET Very Much OverSold! Definitely A Shakeout, Playing Around The 200MA Potential Spring Incoming. We Are Nearing The End Of Accumulation Phase. An Opportunity To Buy Back At These Levels. Breaking Point Level Indicated LET ME KNOW WHAT YOU THINK! 🧐 💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯 *You are Welcome to Request Chart Analysis at Anytime! Simply Comment Down Below or DM Me :) ```````````````````````````````````` ⚠ DISCLAIMER: Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE BUT Please Be Responsible For All Your Actions. This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
BINANCE:VETUSDLong
by crypt0analyst_
10
Vechain (VET) This Dump Will Lead To A Big PumpHey, friends hope you are well and welcome the new update on Vechain coin. On long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction the price action of VET broke out Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well. On daily time period chart the priceline is moving in falling wedge pattern Vechain. Recently price action is rejected by resistance of wedge and moving down. The volume profile is showing weak interest of traders at the support of wedge pattern. The moon phases indicator is also showing new full moon above the resistance. Therefore there are chances of breakout after a correction. On daily chart the EMA 10 and 20 are in bear cross. The stochastic and macd are weak bullish. When all three indicators will turn bullish then we can expect another rally to the upside. The pricline is likely to move down to re-rest support at $0.011. The next resistance levels are $ 0.015, $ 0.018 and $ 0.021 respectively. Conclusion: The priceline is moving down after rejection by the resistance of wedge. But before support of the wedge we also have strong support of $0.011. Therefore the priceline can retest this support and start the next rally for an attempt to break out from the resistance of the wedge.
Long
by moon333
6