Get started

Vechain

Uh oh VechainVET looks really ugly right now. Just broke out of wedge and below horizontal support. More pain incoming IMO. PT is .11. DYOR and GL! --------------------------------------------------------- Top 10 trading tips: 1. DO NOT FOMO into PUMPs. 2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Use multiple indicators to confirm your TA on price action. 10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Short
by DaCryptologist
3
$VET Aiming for a new ATH*THIS IS NOT FINANCIAL ADVICE* $VET is a Top 25 cryptocurrency and has yet to see the real price action.. Integrations with Walmart in China, DHL, and other major corporations. It's a leader in the logistics x blockchain forefront. It's obviously here to stay and will soon be in the top 10. In this chart, you can see where I highlighted a pattern before the April/May run and where a similar pattern has occurred over the last 2 months. That run increased the price around 840% VET is now looking to flip this ascending channel trendline as support before a continuation to the .236 fib line. I predict more resistance at the .25 cent range before entering price discovery and reaching as high as the .70 cent range. (~840% increase from the bottom of this run) VET will most likely range back down towards the beginning of '22 before ultimately landing between $1 - $2 towards the end of Q1.
Long
by CruiserSpentIt
1
2021 Crypto Bull Run Is Not OverBitcoin has been trading in this channel since early July. RSI has been "reset" every 2 months since we hit our $29k low in mid July, and has also hit our bottom ascending trendline each time. We then see a run up from there. (1) We saw an 80% run up followed by (2) a 25% correction before beginning another leg up (3) of 74%. Am expecting (4) to be between a 20-25% correction before beginning our next, and most likely final leg up (5) which I assume will be more than the 80% we saw in (1) and (3). We seem very close to that bottom RSI level now and I am expecting we see a bounce off of our Demand Zone (green box) today or tomorrow. However if we do lose that zone, I believe $53k would be our next level and more than likely be our bottom for our next leg up. I still believe we will see a $100k+ Bitcoin by the end of this year or early '22.
Long
by Bxker
VeChain - 1 day chart updateNote that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to contract and pinch inwards. Looking at the Schiff Pitchfork Pattern (A,B,C), note that VET is still ABOVE its Schiff Pitchfork Median Line. A continuation of daily closes ABOVE this level is absolutely crucial. VET is BELOW its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator, so be on the lookout for when VET crosses & closes back above the LSMA. VET is back ABOVE its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10 daily candles that i have selected. VET is still ABOVE its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 22.08 and is below its 9 Period EMA (Black line) which is at 25.17. The +DI (Green Line) has dropped to 17.90 but is still above its -DI (Red Line) which has also dropped to 17.11. This indicates Positive Momentum is still stronger than Negative Momentum on this 1d timeframe. Note that both the -DI (Red Line) and +DI (Green Line) have now turned sideways. The OnBalanceVolume (OBV) is indicating momentum is sideways at the moment. Note that the OBV (Blue Line) is back ABOVE its 9 Period EMA (Orange Line) indicating a strengthening of positive momentum. Fist port of call is for VET to cross and CLOSE back ABOVE its BB Middle Band Basis and LSMA on this 1d timeframe. So long as BTC behaves herself and continues closing above the daily chart 50EMA then we may see a more sideways ranging with VET before the next move up. Hopefully now with the release of POA2.0 well see VeChain eventually added onto more exchanges that will help dampen any Binance BTC Longs Futures liquidations. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:VETUSD
by entertheroach
1