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Vetusd

VeChain ready to retest the 100 satoshis? VeChain, one of the coins that has the biggest community behind it. And also had a big move in November to break out of the downtrend. At this point it’s retracing from this push and looking at the golden pocket Fibonacci area for support. Currently it’s getting the support there given the long wicks and instant bounces from this area, indicating that buyers are stepping in. Aside from that, if VeChain is breaking the 70 area (current resistance) continuation towards 81-84 and likely 103 are the targets to go for. If we lose 61-64 however, I’d be aiming at 49-51 as next long entry. But given the strength from altcoins during recent days, I’d be aiming for the upwards push.
Long
by CryptoMichNL
2
VETUSD ready for big BULL trendCryptocurrency Practice #2 Confluences: 1. Weekly ATR at lows. 2. Chinese buyers slowly rising for cryptocurrency and Vechain is on their sights thus creating a huge rise in volume from the past weeks. 3. Bounced from monthly oversold area. 4. Confluences with eventual BTCUSD rise. 5. It is looking to break from year long trend-line and CAM R4 breakout levels. 6. Possible double bottom formation. Leave a like if this helped you! Helps me understand if my TA's are teaching others.
BINANCE:VETUSDLong
by pjgonzales
VETUSD - Historical Trend line Analysis I recently posted my 100 day forecast of VET, in this I stated that VET would continue it's downtrend in no great detail. Here is a deeper analysis of why I initially thought this. Based on the facts i see. Now if you look at the one day chart over the past 211 days you will see here I have established the historical trend lines. Please note that the downtrends are marked red, sideways trend in purple and uptrends in green. It can be seen clearly that the downtrends were in the ascendancy to date. With only one real spike in an uptrend forming. The squeeze momentum and the ACC/DIST indicators also show some telling signs that this was the case. Moving onto the 4hr chart, Here we can see an uptrend developing with two troughs being developed, a third would confirm this trend. This new uptrend coming off the back of China announcing it's official involvement in Blockchain. You can also see I have set a 10 day Pivot Points Standard. With our Pivot Points indicator we can look at price action from a more systematic approach. We can see where support and resistance might lie in the market. Taking the high, low and close we have constructed a base reference point which is known as the pivot point (shown in blue), away from that you can see where the indicator has plotted on the chart levels of support and resistance away from that pivot point. As you can see there is a high probability that since the moving average price is above the pivot point, this suggests that there is a bullish look to this chart. So in hindsight, I had initially stated a short forecast for the next 100 days. But after giving it much thought, I think for now at least we should see how this uptrend develops alongside China's move into Blockchain ecosystem. Regards EWH
BINANCE:VETUSD
by elonwashere
VeChainUSD - 100 day forecastACC/DIST (-152mil 30th July '18, -5.4B today) is a strong indicator that Vechain Thor will continue it's downward trend into the near future. Also moving average against the USD is showing strong volatility. On a positive note, China's big announcement during the week that it will be delving into the blockchain world. Created a positive spike in volume for VET and moving average against the USD (+45%). Expect to see a correction as hype subsides for now (-27%). I expect sideways movement for now as VET cannot be considered a complete Crypto project as it is not completely decentralized with some centralized features. This creating many unanswered questions for traders. Current technical analysis is 6 sell, 1 Neutral and 1 Buy. Now for some speculative ifs just for fun. If China mass adopts VET - price could touch - $.03 - $.20 If VET expands further afield (EU, US). - $.35 Regards EWH
BINANCE:VETUSDShort
by elonwashere