Vetusd
VET downward wedge. First target + 60% After breaking through the horizontal channel that existed for about 7 months, the coin formed a downtrend that has existed for more than 3 months. A falling wedge that could become a reversal pattern. The first target on the figure + 60%. Further on the situation, the price on the pump can reach the previous support of the horizontal channel which has now become resistance.
Sell in pieces at key levels. All goals are indicated on the chart. Do not be greedy. It’s better to get a little profit, but often than a lot - never! The price may go down to the designated zone (purple zone). Use Stop Loss depending on your strategy.
Legend of the VeChain project.
VeChain is a corporate blockchain ecosystem whose goal is to improve supply chain management by connecting blockchain technology with the real world through a “comprehensive governance structure, robust economic model, and advanced IoT integration.” VeChain allows manufacturers to assign products with unique identifiers on the platform, thereby allowing participants to track the movement and origin of products in the supply chain.
Established in June 2015, VeChain positions itself as "a pioneer in real-world applications using public blockchain technology with international operations in Singapore, Luxembourg, Tokyo, Shanghai, Paris, Hong Kong and San Francisco."
VET might have a nice setup very soon. Low risk & high reward!Vechain is at the critical point right now where I believe if we break up above 42 Satoshi Vet will have a huge rally for upcoming months.
Reasons to enter:
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Bullish RSI divergence on Daily. Bears are losing steam.
3. Selling volume is decreasing.
4. Great R/R for long term investment.
Strategy:
Wonderful Risk/Reward Ratio = Target1 -> 10.13 or Target 2 -> 14.38 or Target 3 -> 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262
It is better to wait for the price to break out small resistance at 42 Satoshi and then enter the long on a retest of that level. Entering right now at 39 Satoshi is a bit riskier.
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.
Please take a look at my trading idea "A relief rally for ALTS is incoming!" where I explain why I think ALTS are due for a big bounce.
Trade safe!
Easy buy opportunityWith Tim Draper behind VETchain I still see a lot of growth coming for this chain. They are working with some pretty large investors and these guys aren't trying to get rich quick. This is an asset I can see jump back to a penny no problem. I have dropped $500 USD on this just to see where it'll take me down the road. I wont hold it for the long term but as a 6 month to 12 month trade I will take advantage of a low entry such as this zone. My entry was .004420 I have no SL since I am only investing a small amount. At its current price of .0051 you can grab close to 100k of them right now. Something I would have LOVED to have been able to do with our XRP buys lol. Unfortunately I didn't have that 2017 opportunity with XRP. But why not try with this one?
Tim Draper is an American venture capital investor, and founder of Draper Fisher Jurvetson (DFJ), Draper University, Draper Venture Network, and Draper Associates. His most prominent investments include Baidu, Hotmail, Skype, Tesla, SpaceX, AngelList, SolarCity, Ring (company), Twitter, DocuSign, Coinbase, Robinhood (company), Ancestry.com, Twitch.tv, Cruise Automation, and Focus Media. In July 2014, Draper received wide coverage for his purchase at a US Marshals Service auction of seized bitcoins from the Silk Road marketplace website. Draper is a major proponent of Bitcoin and decentralization. Draper Dragon (draperdragon.com) is invested into VEChain, owned by Tim Draper. What truly caught my attention to throw some cash at this was the data processing for agicultural growth. This is the field I am building my career in. So this is what really has my money in it. I personally might make an approach to contacting this team to get more details on the roadmap for this. Here is the source: www.vechain.com
You are looking at a Billion dollar market growing....would you take a chance? Tell me your thoughts on why you would or wouldn't invest or trade this asset. Thanks all! This is something I have eye'd for a few months now and just now decided to get in.
Clear long term uptrend (YTD)In accordance with my previous post regarding the same market, I am posting an update.
I believe the trend is going to continue, however, there is a possibility that a buying window could occur around 0.0074, as the higher lows based on YTD chart with 1D candles show support a little below the above-mentioned price level.
As always, I am open for discussions and feedback from everyone, I would be happy to see your thoughts on this idea.
Vechain,the squishy one.BINANCE:VETUSD
Hey once again.
Vechain like the rest of the coins i have charted is also in a strong accumulation area.
We all await to see how China reacts to these mining bans,crypto bans,etc. since VET is chinesse.Neo already has started the pump,this might be next.
Vechain had a very big amount of good news,releases recently.
When this train moves,it moves ultra fast,big whales behind it holding heavy bags.
Buy at 0.0065$ with a SL at 0.0060 $.
Watch out ,RSI in a downtrend slightly below 50 but can be switched in a moment if alts start to pump.
All the best,wish you big gains :)
VETBTC Latest Technical AnalysisWe are doing Analysis of VETBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
VeChain Price Analysis VET / USD: Three Days Of GainsVeChain / USD Short-term price analysis
VeChain has a bullish short-term bias, with the cryptocurrency holding above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a head and shoulders pattern has formed, with the VET / USD pair currently carving out a right-hand shoulder to complete the bearish pattern.
Technical indicators on the four-hour time frame have turned bullish and continue to generate buy signals.
Pattern Watch
Traders should note that the VET / USD pair will fall towards the May 2019 trading low if the head and shoulders pattern is triggered.
Relative Strength Index
The RSI indicator on the four-hour time frame has turned bullish and continues to show scope for further upside.
MACD Indicator
The MACD indicator on the four-hour time frame is currently bullish, with the MACD signal line issuing a buy signal.
Fundamental Analysis
VeChain has gained bullish momentum after several recent announcements. The project has successfully launched a supply chain application, which tracks the supply of milk by Chinese-based Bright Food. In addition to that, the VET token has been listed in the crypto.com wallet and VISA card, which should support its liquidity.
VeChain / USD Medium-term price analysis
VeChain has a bullish medium-term trading outlook, with the VET / USD pair still trading well above its trend defining 200-day moving average.
The daily time frame is showing that the bullish inverted head and shoulders and falling wedge pattern breakouts have now reached their upside projection.
Technical indicators on the daily time frame are mixed and are currently failing to issue a clear trading signal.
VET / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the neckline of the large inverted head and shoulders pattern is now acting as a major technical support alongside the VET / USD pair’s 200-day moving average.
Relative Strength Index
The RSI indicator on the daily time frame is bullish and shows scope for further upside.
MACD Indicator
The MACD indicator is neutral on the daily time frame, with the MACD indicator failing to generate a clear trading signal.
Conclusion
VeChain is attempting to post its third straight day of trading gains as bulls attempt to regain upside momentum following the recent reversal from the VET / USD pair’s all-time trading high.
Buyers now need to invalidate the bearish pattern on the four-hour time frame or the cryptocurrency could start to fall back towards 200-day moving average.
VECHAIN FOUND SUPPORT AT THE 50 DMAvechain finds support at the 50D MA
steadily increasing 18D MA lows
lots of open sky after the .013 resistance