VETPERP trade ideas
Vechain, Decisive Channel-Breakout Setting Up, How It Completes!Hi,
Welcome to this analysis about Vechain, we are looking at the 4-hour timeframe perspectives. Vechain in recent times is one of the volatile currencies in the market that shows the volatility to the down and upside and has now formed this main descending-channel-formation in the structure marked with the boundaries in black, besides that Vechain has the more local ascending-channel-formation where it is building up and likely to breakout in the next times, when this breakout emerges it will be the major wave C within the wave-count from where the wave D will likely show up after Vechain tested the upper boundary of the channel, this wave D will then test the remaining supports from where the further developments with the wave E can show up.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
VETUSD#VETUSD #VETUSDT
Vet has a good support at 0.159 and moving on uptrend line which indicates the price goes up to 0.2, if the resistant is broken at 0.2 the next target will be 0.27
VeChain (VET) - April 27Hello?
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We need to see if we can get support at 0.17029034-0.19129250 and climb along the uptrend line.
If you go down at 0.16817286, you need a short stop loss.
However, you need to trade carefully as you can touch and climb the 0.12828604 point and the uptrend line.
If it falls at 0.09410614, you need a Stop Loss to preserve profit or loss.
In the CCI-RC indicator, it remains to be seen if the CCI line can break above the EMA line and continue the upward trend.
If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
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(VETBTC 1D chart)
We have to see if we can get support and ascend in the 316 Satoshi-350 Satoshi section.
If it falls at the 221 Satoshi point, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
VET LONG TERM1.618 price target of $10 in February 2022
don't even think about what the 2.618 target could be
NOT FINANCIAL ADVICE
VET Price Ready To Ride The Next Elliot WaveVET price is currently at $0.1906 with a gain of 7.50% in the intraday session.On coming to the daily chart there is a formation of Elliot corrective wave. VET price has seen the end of the corrective wave and now it can move towards a new high.It can also see a reversal if there is a formation of truncated wave.
Which way will VET go?VeChain ( VETUSD ) has seen some massive gains this bull cycle, going from $0.035 in February 2021 to its current ATH at $0.28. We have been seeing some consolidation since that ATH in mid-April, and forming a descending triangle .
Descending triangles are usually noted as being a bearish continuation pattern, but since VETUSD has been bullish , I'm not necessarily bearish . BTC dominance is dropping and alts have already been seeing massive gains relative to BTC , such as BNB or ETH. ]
The $0.145-0.16 range is an accumulation zone for VETUSD on the 4hr timeframe, which forms our horizontal line of the descending triangle . If we break to the upside, our price target is the $0.26-0.31 range (measured from ATH and first resistance point to accumulation). The range of the price target is dependent on where we break out.
A break to the downside would mean a 79% drop of VETUSD and a price target of $0.03. I find this unlikely that we would go down that much however, due to the fact that result in a market cap of $2.6 billion from its current market cap of $12.3 billion. This drastic of change would most likely have to occur from a fundamental issue or an overall crypto market change.
Support @ .1544 for HODLERS Would like to see a close above the .15 region for a bounce back.
Falling below this level, the next support levels are .12, .09, and eventually .063 where I will add more.
Long still, love the tokenomics.
"The VeChainThor blockchain can also be utilized for a wide variety of other reasons.
Much like Ethereum, the VeChainThor blockchain has been specifically built to allow developers and users to build their own dapps and ecosystem on top of it."
Also, this is not Chinese crypto, keep seeing this fud out there. They are based out of Singapore, they just have a lot of Chinese business and government contracts.
VeChain UpdateVeChain daily chart update:
VeChain has done better than most during this crypto drop.
VET is still above its Ichimoku Cloud Base Line (Kijun Sen). The Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
VET is still below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards.
VET is still above its 50EMA.
VET is back above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Ideally we want to close this daily candle above this level.
The Bollinger Bands Lower Band has moved upwards closer to the Middle Band indicating volatility has slowed.
The Chaikin Money Flow (CMF) is indicating VET is still being accumulated with the CMF Line (Green Line) at 0.13.
The MACD Line (Blue Line) had crossed under its Signal Line (Orange Line) on the 23rd April, but it is still well above its MACD base line at 0.0. We need the MACD line to curve back above its Signal Line.
At the moment VeChain has found resistance from its Lower Yellow Pitchfork Resistance Line & its Ichimoku Cloud Conversion Line (Tenkan Sen). VET needs to cross over these levels and turn them it into strong support.
You all know how i feel about VeChain, and how i feel it will soon decimate some of the cryptos in the top 10 on CoinMarketCap, so think longterm & grab a bag while it’s still under $1. Also, well done if you managed to pick up a back during that dip to $0.13 👍
Soon, the age of VeChain will be upon us 💪
I hope this is helpful with your Trading and Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VeChain - DOGE and this run togetherI posit that the correlation is close to 80-90%. When DOGE runs, this runs.
VETUSD LONG TERM UPDATEEven though H1 is a lower time frame, It does shows a complete ABCDE consolidation. VETUSD is set for an upside break-out with the first target being $0.35 from a measured objective of that peannut. $1 could also come sooner. It is only a 5x pump from the current price. We only buy the Dips and HODL!
VET good buy in the break of down Canalwe see VET in down canal but we have a nice pullback candle there in support around 1.4 the break of canal and the resistance can make good buy position from 0.250 .
Vechain still bullish Vechain / USD (Crypto) Daily
After a big retracement, Vchain is still bullish by Ichimoku confirmations. Price is above KS and Kumo. Also Chico is above candles. Price seems to find support at Fib level 0.618.
As for direction: Almost no direction. KS is flat and Kumo is retracing (SSA down, SSB up)
As for price action: It's forming a big (bullish) spike low candle. Price came down but buying power stepped in.
Bullish scenario: Price bounce up from Fib level or KS back to previous high (0,297 USD)
Bearish scenario: Price breaks Fib level and KS and goes to previous support (0,126 USD)
Lets buy the dip 😃
VET going for a 20% move!After the anticipated crash of Bitcoin we have found a (local) bottom and will consolidate which means alts can fly. Vechain will go for a 20% move, enjoy the ride!
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Vechain still on course for more upside.Look at how this has held from 11 March last year.
I do not see this changing especially during this hyper bull cycle thats coming up this year.
VET/USD Buy Idea UPDATEAfter ABC correction is finished its time to buy some more Vechain. Price hit 0.16-0.18 area also 0.50-0.618 Fibb retrecment, trend line and on H4 chart doji pin bar was created.
.175 cents shortVet tapped .175 cents as I predicted 2 days ago.
will it hold or continue going lower?
The jump you’re seeing now is just a typical retracement that’s what the market does in a downtrend
VeChain Textbook Ascending TriangleVetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again.
Pros:
- The structure remains very strong despite bitcoin correction, validates an ascending triangle pattern.
- Indicators are being fixed, looking ready for rally (etc moving averages coming together)
Cons:
- Unstable time in the crypto market, BTC hanging on support if break below there will be more downside for all altcoins.
Personal trade idea: enter at break above 0.265 with retest / buy at accessing triangle supports. SL 0.195
Something, Something, VET.First post yoo! This information only refelcts my personal opinion, I am not a financial advisor ("hello world").
Looking at BITFINEX:VETUSD , VET seems bullish moving through an ascending triangle. RSI and reletive volume are supportive of this claim.
Hoping for $.33 by May 10th (NOTE: It will probably consolodate on or around that point). S/O to Wallmart China #iykyk.
Let me know what you think!
VET at a discount! Grab it while it lastsRemember that VET has a potential price target of 3.6, it is still currently very cheap!
Plus, the ascending triangle clear shows that VET is still respecting the bottom trend line, and is looking to breakout any day soon. Giving us a price target of 0.35 after breakout. This is the only coin that has not been affected too much from the bitcoin dump, really gives a sense of security to us hodlers!
Not a financial advise. To be honest this is the only coin i am very positive about!
UDATE ON VECHAIN. The channel I set in the blue area fell through and funnily it went through the middle of the channel all my stop losses hi on way down confirming levels. So you may use on the way up the guidlines on target points on right. Use with judgement i do this for fun
