$VET/USDT 3h (Binance Futures) Ascending channel on support
Updated
VeChain is up-trending and seems ready to push higher, luckily after a last dip down to 50MA!
Current Price= 0.069622
Buy Entry= 0.067740 - 0.065886
Take Profit= 0.073851 | 0.082114 | 0.090862
Stop Loss= 0.061160
Risk/Reward= 1:1.25 | 1:2.71 | 1:4.25
Expected Profit= +21.06% | +45.80% | +71.98%
Possible Loss= -16.92%
Fib. Retracement= 0.786 | 1.618 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 10 days
Current Price= 0.069622
Buy Entry= 0.067740 - 0.065886
Take Profit= 0.073851 | 0.082114 | 0.090862
Stop Loss= 0.061160
Risk/Reward= 1:1.25 | 1:2.71 | 1:4.25
Expected Profit= +21.06% | +45.80% | +71.98%
Possible Loss= -16.92%
Fib. Retracement= 0.786 | 1.618 | 2.414
Margin Leverage= 2x
Estimated Gain-time= 10 days
Note
Went up +21.06% (2x) without filling usVeChain pumped instantly and almost hitting 2nd target, congrats if you entered manually!
Entry seems far away now, but we'll stick to it since a wick down can still happen any moment.
Note
More information about VeChainIt is a blockchain with the posited goal of "solving real world economic problems".
It leverages the Proof of Authority (#PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff.
research.binance.com/en/projects/vechain
Note
More information about VeThorIt is the secondary token of the VeChain Thor ecosystem and functions as the gas for transactions.
The amount of VTHO that is needed for a transaction depends on the size of the data that is sent on the blockchain.
research.binance.com/en/projects/vethor-token
Trade closed: target reached
TP2 would have been reached with +45.80% (2x) and +2.71RVeChain pushed higher and is now retracing down a bit, filling our entry seems unlikely but who knows?
Trade closed: target reached
TP3 would have been reached with +71.98% (2x) and +4.35RVeChain actually dipped a last time but not enough to give us entry.
We can see it kept respecting the ascending channel very well then broke down after.
I think entry is very far away now but I would be glad do be filled on a bigger retracement!
Note
VTHO/USDT 3h: Up to +151.15% since mentionedI hope you managed to manually buy some VeThor the other day.
If not, keep an eye on it because it is forming a falling wedge and price is above 50MA!
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