Vechain
Vechain VET going to breakout supply zoneHello Traders,
BINANCE:VETUSD is going to breakout and close a daily candle above the supply zone.
On the chart the targets.
Post your idea/analysis below for discussion.
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We are only 2x from here (Long)Well, this is a nice opportunity, nice crypto project with lot potential... high probability, just wait, be patient and you will be rewarded. Have a nice trade!
Vechain(VET) Update 22/08/21: 110% back to ATH Vechain is currently fighting some heavy resistance at the 38.20% Fibonacci level. From here we can expect a break above this level, and if the bullish momentum continues we could see VET pushing past the 61.80% fibonacci level @ $0.19 (47% Gain from the current price level). Further confirmation of the continued bullish move by another 13EMA and 50SMA crossover on the 4H chart. Please see previous analysis below. Happy Trading :)
Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28. Vechain has tested the 200SMA and broke above showing strong signs of bullish momentum. There is potential 220% Gain from Buy Zone @ 23.60% Fibs to the ATH @ $0.28. Vechain is 62% up from the Buy signal triggered by the swing call script. From here we may have a small cool off period as VET is currently fighting some resistance at the 38.20% Fibonacci level. So far VET has gained +115% over the past 30 days and +45% over the past 7 days, we can expect continued momentum as the alts continue to slowly wake up and rise. Please see previous analysis below. Happy Trading :)
Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below
Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :)
Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below.
Update 30/03/21
Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10.
Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target.
See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
VET/USDT Cup and Handle BreakoutVechain currently breaking out of the cup and handle pattern. Wait until breaking out of the resistance zone at $0.14509 and confirmation to enter
Target 1 - $0.177
Target 2 - $0.208
Target 3 - $0.23
Target 4 - $0.245
Target 5 - $0.266
This is not financial advice please DYOR. Place stop loss below $0.10246
VeChain - Quick updateVery quick VET 6hr chart update
VET has broken UPWARDS from its Triangle Pattern. A successful 6hr candle close above the descending trend-line is crucial. A successful retest of the descending trend line as support will also be another great positive sign.
With the Long Horizontal Support Area, VET was also in a potential Descending Triangle, so it's a really good sign that VET has broken above the descending trend-line. A successful close above will also invalidate the potential Descending Triangle pattern.
VET is back above its Least Squares Moving Average (LSMA). A successful close ABOVE the LSMA is a potential Buy Signal.
VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA.
VET is back above its Volume Profile Visible Range Point of Control. (VPVR POC).
Note that Volume has increased and the last 4x 6hr Volume Bars have been ABOVE its Volume 20 Period Moving Average.
The MACD Line (Blue Line) is still in the Negative Zone but note it has crossed back over the Signal Line (Orange Line). Expect a big move up if the MACD Line (Blue Line) crosses back over the 0.0 Base Line into the Positive Zone on this 6hr timeframe.
A 6hr Candle close ABOVE the BB Middle Band, LSMA, VPVR POC and Descending Trend-line is crucial for continued upwards momentum.
I hope this very quick post is helpful with your trading and hodl-ing.
Notes:
LSMA = Black squiggly line on chart
Bollinger Bands = Grey Bands on chart
VPVR POC = Long Horizontal Red Line
Trend-Lines (Triangle Pattern) = Dashed Lines
Support Area = Black Lines with Yellow Shading
Volume Bar & Volume MA = You know where that is ;-)
MACD = Bottom Indicator
💡Don't miss the great buy opportunity in VETUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.12719).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61
Take Profits:
TP1= @ 0.14463
TP2= @ 0.16628
TP3= @ 0.19325
TP4= @ 0.21488
TP5= @ 0.25013
SL= Break below S2
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Vechain makes a bullish bounce!CHART OVERVIEW
VET/BTC - Weekly Chart - Binance
CHART DRAWINGS
On the chart are key resistance and support measured by the Fibonacci retracement. Also with the Fib circle tools, you can see where the price has found support and resistance.
ANALYSIS
Vechain has bounced out of the 0.5 Fib circle and from the 0.5 retracement line. This shows confluence towards more bullish action.
CONCLUSION
The week isn't finish but it would not be suprise me if Vechain restest the high of august 16th at 00000.305. Vechain was a powerhouse before the crash, fundamentals remain the same, no reason to not see a strong bull run coming soon, price action is indicating a breakout from this pivotal point of the 0.5 retracement and fib circle, the week is not over but as long as Vechain stays above the 0.5 fib line (0.00000254) the price is on the bullish side.
What do you guys think? Are you bullish or bearish?
*Disclaimer: Not professional financial advice, only invest based on your own research!
VeChain (VET) Is Priming to Break Resistance At $0.14 Cents VeChain is a pumper. It was one of the altcoins to experience a very heavy loss in May officially going from $0.28 cents to bottoming out at $0.05 cents in July. An eye watering 80% loss from its all time high. As of right now VeChain has been trading sideways from $0.11 cents to $0.14 for the past 3-4 weeks.
Currently we're oversold on the daily stochastic RSI and still have some run-up on the original RSI. I believe we can hit over $0.14 cents this month and flip this huge resistance in to support with all the positive momentum coming into the market. Once we break above the Fibonacci Level 0.382 there will be a great chance to run-up to the 0.5 level at $0.16 cents.
Also the Bitcoin dominance has been dropping which is good for some positive altcoin price action. VeChain is still fundamentally a very powerful cryptocurrency with virtually no competitors. The amount of partnerships VeChain has is vast and will continue to expand it's use case into many different industries. VeChain will do well in this upcoming phase in the bull market. If the chance presents itself again to get in at $0.10 cents or below it would be a nice level to add to the bags.
Support: $0.11 Cents
Resistance: $0.14 Cents
We're overbought on the 4 hour time frames to keep that in mind. Cheers! Much peace, love, health, and wealth!
Breaking in which direction?I read you! Let's wait confirmation! as always. OMG, that triangle... but we need the BTC permission first. What do you think?
VET.USDT (Y21.P5.E2).Big move comingHi All,
This is a continuation of the previous post but at the build up of a breakout to the BAR strategy.
We have accumulated under this lead in TL and are building to break it.
If you understand charts, the 1, 2, 3 would make sense as to how this is building up.
The link below has my short term macro outlook.
All the best,
S.SAri
VET.USDT (Y21.P5.E1).Macro TargetsHi All,
Another coin I'm going long with and thought I give this a parabolic ending as its 2020\2021 was parabolic and phase 2 can easily be parabolic like for BTC in 2017.
My macro diagram below explains how I see this chart from a fib level TA.
Assumption\criteria: BTC breaks its all time high.
Cheers,
S.SAri
Quick VTHO 1D updateQuick VTHO 1D chart update:
VTHO is still in the Equilibrium Zone of the Ichimoku Cloud for this 1D timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating the mid-point of the short-term momentum is slightly upwards.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is upwards at the moment.
VTHO has found support from its Ichimoku Cloud Base Line (Kijun Sen) and has bounce off this level twice over the last 3 days.
VTHO has found some resistance from its Conversion Line (Tenkan Sen) level.
VTHO is still in its triangle pattern walking downwards, keep an eye on if the breakout is upwards or downwards. We may see VTHO head to its triangle pattern APEX before we see a breakout. A successful break ABOVE the descending resistance line and re-test as support is crucial.
Volume is still relatively low and VTHO is below its Volume 20 Period Moving Average. It’s a good thing that this period of downwards movement over the last couple of days has not been on huge volume.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VTHO is still below its Volume Profile Fixed Range point of Control, (VPFR POC) for the fixed range i have selected.
VTHO is still below its Least Squares Moving Average (LSMA) if you are waiting for LONG confirmation then a close above the LSMA and successful retest of it as support is crucial.
VTHO is above its Bollinger Bands Middle Band Basis 20 Period SMA at the moment. A daily close ABOVE this & successful re-test as support is crucial for renewed upwards momentum.
The Average Directional Index (ADX DI) is showing the trend strength has weakened with the ADX (Orange Line) at 44.63 crossing under its 9 Period EMA (Black Line) which is at 48.63. The +DI (Green Line) has dropped to 22.87 and the -Di (Red Line) is sideways at 16.81. This indicates that while we have seen a drop in Positive Momentum, Negative Momentum has not increased but is sideways at the moment.
The Relative Strength Index (RSI) is confirming that momentum is upwards at the moment. Note that the RSI (Purple Line) is still below its 9 Period EMA (Orange Line), a cross back above the 9 Period EMA will be a sign of renewed upwards momentum strength. Note that VTHO has room to move up on this 1D timeframe before it becomes overbought.
I hope this is helpful with your trading and hodl-ing.
VECHAIN - VET Moving into Carbon Emissions Control 🏭🧐👍VECHAIN has been on our radar and portfolios for quite a while. You might remember our previous posts earlier this year.
It is time, both Technically and Fundamentally to look at this option again.
Technically the price is now approaching it's greatest support level and this offers us a nice chart to work on.
Fundamentally there are some great news as VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data:
''Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.
The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.
The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.”
In the announcement, VeChain cited obstacles with trust and transparency in traditional supply chains when collating companies' carbon emissions data. A public blockchain solves this problem, providing transparent accountability for all layers of the supply chain network.''
This is a great idea and keep in mind that there will be a 3,5 Trillion dollar bill in the US for the environment. Connect the dots here.
Beat Co2,
the FXPROFESSOR