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Vechain

VeChain (VET) on its path to $1,50History doesn't repeat but it rhymes. Mark Twain once said this, and even though he was probably not talking about charts and price movements in particular, the statement is true. Because what he meant then are human behavior patterns and human behavior patterns are reflected in price movements. Now to business. Have a look on the chart an let us compare the end of 2020 and today's price movements. Then, as now, the VET price formed a high (1) before subsequently correcting sharply (2). Over the following weeks, it entered a sideways movement and formed a new bottom (2-8). This sideways movement crystallized a year ago as an accumulation phase. Shortly thereafter, the VeChain price rose from around $0.01 to just under $0.28. As the chart above illustrates, the VeChain price and its current movements show great similarities to the pattern back then. In this regard, we may have already seen the last counter-movement (8) and are on the verge of a structural break where the price will establish the previous high between $0.14 and $0.15 as support. Note that I have added a question mark to point 8 here. This is because it is not yet certain whether we have actually already seen the lowest point of the current countermovement here. Should a lower low than (8) still form, an adjustment of the further course would be necessary. Furthermore, there are still a few notable hurdles to overcome before it should be assumed that a similar price trend will announce itself here as it did back then at the end of 2020. The pattern where previous higher highs are broken and established as new support by higher lows should repeat at least 2-3 times. This would give the certainty that a stable uptrend is being constructed here, which is about to enter its parabolic phase. For the VeChain price, such price levels where resistance becomes the new support should be the following: - $0.14 to $0.15 - $0.20 to $0.25 Should this succeed in the coming weeks, there is much to suggest that the VeChain price will indeed enter a new parabolic price rally. If this still hypothetical price rally will be similar to the previous one in relation, about $1.50 is the price target. Souce: VeChain Prognose
Long
by MisterCoinlover
1
VeChain - 1 week chartYes…….. VET is still in its massive Symmetrical Triangle pattern. VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band. Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with a slight sideways slope indicating we may see sideways consolidation and a potential BB Squeeze or Pinch on this 1w timeframe. VET is still safely above its 50EMA on this 1w timeframe. VET is still safely above its Least Squares Moving Average (LSMA) for this 1w timeframe. VET has found some resistance fromm its ascending dotted resistance line. VET is just below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 12 weekly candles that i have selected. Volume is still relatively low on this weekly timeframe and note that the Volume Bar is still below its Volume 20 Period Moving Average. The Moving Average Convergence Divergence (MACD) is showing that the MACD Line is still under the Signal Line but note that the Red Histograms are decreasing in size slighting. Note that the MACD Line is still above the 0.0 Base Line in the positive zone. The On Balance Volume (OBV) is indicating a nice rise since the 20th Sept, note that the OBV Line is very close to crossing back over the 9 Period EMA Line. It's not set in stone but we should not be surprised if we have a big move up on this 1w timeframe if the OBV Line Crosses back above the 9 Period EMA line. For your viewing pleasure i have also added adjusted Support and Resistance areas of interest, shown as black parallel lines with yellow shading. Note that VET is still in a LONGTERM UPTREND. This will NOT change unless VET crosses under and fails to make it back above its Dashed Ascending Trend-line. All in all VET is still looking great and still within its Symmetrical Triangle. If VET stays above the Bollinger Bands Middle Band on this 1w timeframe then this could be a good spot to accumulate more for the longterm before a potential breakout to the upside. I still wouldn't get excited until VET crosses and successfully closes above its Symmetrical Triangle Descending Trend-line. I hope this is helpful with your trading & hold-ing.
BINANCE:VETUSD
by TradingThroughTheLens
1
VETUSDT 1DHi everyone If Bitcoin continues its uptrend to $ 53,000, it is likely that VET will retry its next hurdle at $ 0.137 Even in very bullish conditions, the VET price can reach the $ 0.158 volatility ceiling While the situation looks bullish for the VET price, the failure of the price to cross the $ 0.119 resistance indicates that the uptrend is fake That way, the VET could go below $ 0.107 and try again at $ 0.102 A price drop below this support cancels out the uptrend scenario and the VET price drops to $ 0.085 Have your say on the VET price move Thankful
by shayanfb
4
VET - is going to break this trend line🚀🚀Most coins show the same pattern on the graph. Almost all altcoins are near the trend line . A break or retest would be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
10
💡Don't miss the great buy opportunity in VETUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.08887). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 0.09407 TP2= @ 0.09990 TP3= @ 0.11053 TP4= @ 0.11929 TP5= @ 0.12825 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in VETUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.08887). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . VETUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 58. Take Profits: TP1= @ 0.09407 TP2= @ 0.09990 TP3= @ 0.11053 TP4= @ 0.11929 TP5= @ 0.12825 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
VeChain (VET) - September 27Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (VETUSD 1W Chart) - Medium to Long-Term Perspective Above the 0.03981204 point: the uptrend is sustainable. Above 0.06265984 point: Expected to create a new wave. (1D chart) First support section: 0.06265984-0.08458101 Second support section: near point 0.03981204 First resistance section: 0.12610267-0.14187200 Second resistance section: 0.20955073-0.22890460 A move to break above the first resistance zone should be checked to see if there is a sideways movement within the support zone. In particular, you should see if the volatility around September 28 (September 27-29) is moving upwards above the 0.09110688 point to break out of the downtrend line. -------------------------------------- (VETBTC 1W Chart) - Mid to Long-Term Perspective Above the 136 Satoshi-158 Satoshi section: The upward trend is sustainable. (1D chart) First support section: 177 Satoshi-193 Satoshi section Second support section: 136 Satoshi-158 Satoshi section It is necessary to check whether it can rise above the volume profile section formed near the 221 Satoshi point. Therefore, it is necessary to check whether the price is maintained above the 221 satoshi-237 satoshi section. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
BINANCE:VETUSD
by readCrypto