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VETUSD trade ideas

VeChain TrendVeChain (VET-USD) had an amazing run up to 25 cents before sputtering and retracing to just over 7 cents. It appears to be consolidating. The question that must be asked is, what is going to happen after this phase. Since VeChain is being developed for supply chain management, I feel its prospects are quite good at becoming a stable alt coin. However, since China has taken a dim view of using Cryptos for speculative gain, this could limit VeChain from exploding in value that some thought could rise to $1 by the end of 2021. My feeling is that the longer term period of 5 years will see a substantial rise in the value of VeChain compared to the short term of 1 to 2 years.
VLong
by netzoomer
VECHAIN : wait for the perfect moment to BuyI am a long term investor in Vechain. I like VET and I believe it will be a big star in the future. I am waiting for the correction to end and then I will increase my positions. Now as to the overall situation most Cryptos are in my opinion in a reactive pattern which is unfolding in 3 legs (a-b-c) If I am correct this a-b-c up will form Wave 4 and then we will have one more selloff for Wave 5. I will not calculate the exact projection of Wave 5 (if I want to go by the book this is what has to be done). What I will do is that I will start accumulating VET as soon as Wave 5 unfolds and panic together with negative articles as to Cryptos make their appearances. We already have several articles from traditional bankers which are absolutely negative. I find this as extremely positive. And I want more. Much more. And of course I am waiting for the chart to follow what I see (a-b-c up and then wave 5 down). The month of June will be fascinating. Fasten your "cryptos seat belts"
V
by winstox
VeChain - Update with a Falling WedgeQuick VeChain 4hr chart update with the Ichimoku Cloud: VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating Short-Term momentum is downwards at the moment. Note that the Conversion Line (Tenkan Sen) is only sloping slightly downwards. The Ichimoku Cloud Base Line (Tenkan Sen) is indicating Mid-Term Momentum is downwards at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is pointing upwards indicating momentum is upwards, but be aware that this is a fast reacting indicator. Note that the Leading Span A (Senkou Span A) is pointing downwards and the Leading Span B (Senkou Span B) is starting to slope downwards but note that the cloud gap between the Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) is still quite large. When the Leading Span B (Senkou Span B) is on top, we do not want that gap to shorten into a thing gap unless you are short selling. VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that VET is back above its Lower Band, this is indicating negative volatility has slowed. VET is below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this 4hr timeframe. VET is below its Volume Profile Fixed Range (VPFR) Point of Control (POC) for this 4hr timeframe. VET is in a Falling Wedge pattern. A Falling Wedge pattern is a possible bullish reversal pattern, but because all alts are still at the mercy of BTC, Exchange & Market Manipulation, its debatable as to whether or not the potential reversal will be realised. The bottom trend-line of the wedge is a crucial support line as VET has bounced off it 4 times. VET needs to close this 4hr candle above this support line and turn it into strong support, if not, then VET may see $0.092 again and possibly much lower so there could be another opportunity to acquire more VET at a cheaper price. VeChain is still the most criminally undervalued crypto out there, so if it does drop more, then i’ll just DCA more at an amazing cheap price before the next crypto leg up. I hope this analysis is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
A quick look at Volume Profiles using the VET ChartA quick beginners introduction to Volume Profiles. I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar. Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading volume can be for your charts Visible Range (VPVR), a Fixed Range (VPFR) of your choosing, or a Session Range (VPSV). A session range is 24hrs so 1hr will be 24 Candles, 4hrs will be 6 Candles, 1D will be 1 Candle. Volume Profiles can also give you a sense of if the price may encounter potential resistance or support at certain price levels due to increased sell or buy volume located in certain price levels on the chart. The Volume Profile Visible Range VPVR gives you trading activity values for whatever length you have your chart set at in whatever timeframe you are in, which is good for an overall feel but not good for a macro view of where the key volume areas are. Note that as you zoom in and out of your chart, the Volume Values and VPVR POC level will adjust. You can see that VET is below its Point of Control (POC) for this chart’s visible range. The Volume Profile Fixed Range VPFR gives you a more macro view in a range of your choosing, you can clearly see that the VPFR gives you a better view of where buyer & seller volume is located and clustered in the range that you’ve selected, compare that with the VPVR at the same level, which doesn’t really give a clearer macro view of recent buyer and seller volume values. The Volume Profile Session Volume VPSV, for this chart, gives volume levels for each 6 4hr candles or whatever timeframe you are in. A session is 24hrs so 1hr would be 24 candles, 6hrs would be 4 candles and 1D would be 1 candle. The VPSV gives you a more macro view of buyer and seller volume trading activity and where it is clustered. As you can see, each session has its own POC but i have only labelled the most recent one. VET is below its Point of Control (POC) for this 4hr timeframe. There is a HD version of the VPSV called VPSV HD, this version automatically adjust the histogram detail level when you zoom in and out of the chart. A few extras you can add to any of your Volume Profiles are the Developing POC and Developing Volume area, i don’t really use these as i find a quick glance at the Volume Profile you are using can give you a sense of where the developing volume areas are located, but some of you may find these useful. You can also add the numerical values to any of these Volume profiles as i have done. You can also add or remove rows to increase or decrease the histogram size and smoothness to suite your preference. Each Volume Profile tool is very useful, but the fixed range VPFR is my favourite because you can place it on any candle range of your choosing, even on just one candle which can give you even more of a macro view, which could be very useful to you especially if you are a scalper. The volume bar at the bottom shows how each candle for whatever timeframe you are in closed with regards to buy or sell volume gaining the upper hand. Its default is Green for Buy Volume & Red for Sell Volume. You can also add a Moving Average to your Volume Bar as an indicator of potentially increasing or decreasing volume compared to your Volume Moving Average. I just keep the default 20 Period MA but you can change it to a period of your liking. A very important thing to note is that any Volume Profile you use will only gives you the Volume traded for the Exchange Chart that you are using. So if you are using Binance’s chart, it will just show the buyer/seller trading volume for Binance, if your using a Bitfinex chart, it will show you just the buyer/seller trading volume for Bitfinex and so on. An interesting thing to note is that when most other exchanges are strong buying such as Bitfinex & Bittrex, Binance is usually going completely in the opposite direction and strong selling. Binance is the biggest exchange and has the most Volume going through it, so when the market makers & Binance themselves short sell the market, all other exchange volume is irrelevant as Binance’s traded volume completely controls the direction of the market. You can clearly see this on ByBit Long vs Shorts, sometimes you’ll see most exchanges are over 50% long, but because Binance’s Longs will be below 50% the crypto asset you are trading…… drops like a tonne of bricks. You can also clearly see this when comparing the Binance, Bitfinex & Bittrex charts I’ve added, the massive buying volume meant nothing from these charts because Binance is mainly shorting. Quite a few times, I’ve seen an exchange on ByBit at 95% long & most others over 50% long for BTC, but because Binance was at 48% long so 52% short, BTC dropped. Crazy & this is just my opinion but that’s how it is. Here is a comparison of Binance, Bitfinex and Bittrex charts: Binance: Bitfinex: Bittrex: Anyway enough of that rant. From my experience, Volume Profiles are very useful tools and should incorporate it into your trading strategy. I hope this post hasn't been too boring or complete boll*x ;-). I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
6
Very important close for Vechain!!!VET has been moving sideways along the 0.2 FIB level for some time now and seems to be getting dragged along with a big part of the market. We do really need to see a daily close above this 0.2 and hopefully see some bullish momentum bring us upwards. We look like we are getting stuck on the middle line of the bollinger bands and aswell holding the 0.2 FIB very strong. also the BB's are squeezing down on our candles and we could be loading up for a big move if we continue like this, could be bullish or bearish though. The reason i think this daily close is so important is because if we don't hold the 0.2 thats bearish in itself then we add on the chance we start riding the bottom band on the bollinger bands which almost everytime results in a pullback. The RSI keeps shying away from the 50. point and we are currentlly slopping downwards, we need a full break of the 50. point and a hold to be considered in a uptrend again. the MACD is bullish as of right now but we see the Blue MA starting to curl downwards coming towards our orange and we could be seeing the beginning of a bearish cross. I am overall very bullish on Vechain as a short and more long term project for sure and i definitely look to add more when i can. if we do by chance see a little pullback i imagine we won't go further than the 0 FIB level where we touched during that big correction. Not financial advice just my opinion!
BINANCE:VETUSD
by JacobR905
VeChain Short IdeaHi traders! VET gives us a very clean chart with a short opportunity at hand. How to trade it? According to the bearish EW count we are in the beginning of a wave 5 down. The wedge breakout gives us an entry level in case price comes back to re-test it in a smaller ABC correction (red box). Where do we go from here? Let's assume that the current wave 5 down might be truncated - just to be on the safe side. That would give us a double bottom with TP level around the green box (0.618 fib extension of the previous wave). If you are a passionate bear, you can hold longer until the 1 extension, or even 1.126 (scroll down). What if not? Price may retrace back to the apex of the wedge - further short opportunities present themselves at the Fib extensions 1.236 and 1.618. If price breaks these levels, the idea is invalidated and we are in a bullish impulse wave up and we can re-count to adjust for bullish entries. Happy trading!
BINANCE:VETUSDShort
by UnknownUnicorn12250317
2
VeChain - a different style post - enjoyVeChain 4hr Chart update using support and resistance lines: VeChain is Below its 50EMA on the 4hr chart. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support. VeChain is below the Bollinger Bands Middle Band Basis 20 Period SMA. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support. Both the Bollinger Bands Upper and Lower Bands are pinching inwards indicating volatility is still slowing. Note that VeChain had dropped out on the downside of its Bearish Rising Wedge Pattern. VeChain is testing the 1st Upwards Support Line. This is a very crucial support line and VeChain 110% needs to close a 4hr candle above this support line. VeChain is in a new Symmetrical Triangle on this 4hr timeframe. VeChain is still above its Volume Point of Control (POC) for this visible range. We need VeChain to close above this POC as it is a crucial support. On the VPVR you can also see the amount difference between the buying and selling trading activity for this visible range. Volume has risen slightly and is now above its Volume 20 Period Moving Average. Hopefully VeChain can close this 4hr candle green. The Relative Strength Index (RSI) is indicating momentum has dropped and is now slightly pointing upwards but be aware hat the RSI is a fast reacting indicator. If VeChain manages to stay above the 1st Upwards Support Line and the VPVR Point of Control (POC) then we may see another attempt at getting above the Bollinger Bands Middle Band and the 50EMA. If VeChain drops below the 1st Support Line and the VPVR POC, the VET will possibly drop to the 2nd upwards support line. It’s looking hopeful that VET will stay above the 1st support Line and the VPVR POC, but note that it is also still dependant on what BTC does. If you are uncertain as to whether or not to place a long, its best to wait until VET closes above the Bollinger Bands Middle Band Basis, 50EMA and the New Symmetrical Triangle Resistance Line and turns the ST Resistance Line into strong support for this 4hr timeframe. I decided to post this chart differently from my usual style of Ichimoku Clouds, Pitchforks, CMFs ect ect, so i hope you have found this helpful with your Trading and Hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
2
VeChain - a 4hr chart analysisVeChain 4hr Chart update: VET is still in the Bearish Zone of the Ichimoku Cloud. VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment. We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance. VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support. Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green. VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe. VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe. The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe. The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe. You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark. I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by TradingThroughTheLens
4