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Vechain

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 analyzeToday, we will analyze vechain currency in 4-hour timeframe at Bainance Exchange. Stay with us. As you can see, vechain is currently at the bottom of its uptrend channel, which we expect, with the price stabilizing at this level (green box), the price has the potential to grow to the target of 12 and 14 cents. If you are planning to enter, it is recommended that you enter within 10 cents with respect to capital management and loss. The disadvantage is the failure of the ascending channel floor in the range of 9 cents. This is a personal statement and the investment is the responsibility of the person himself.
Long
by FiboTech
VeChain (VETUSDT) - Coin of the WeekVeChain (VET) is a supply chain platform based on blockchain technology. VeChain was founded in 2015 and debuted in June 2016. Its goal is to establish an ecosystem that uses distributed governance and Internet of Things (IoT) technologies to tackle some of the most pressing supply chain management issues. The platform manages and creates value using two in-house currencies, VET and VTHO, which are based on the VeChainThor public blockchain. The goal is to improve supply chain efficiency, traceability, and transparency while lowering costs and giving individual users greater control. Technically, this pair follows the price structure of the big market cap cryptocurrencies. We had an uptrend that reached a price at the top of 0,28 USDT followed by a brutal market correction. If we go to the 4h timeframe we can see the price trading between the resistance and support area. Even if the price goes to the upside and reaches the resistance area once again, if we don’t have a true breakout of the blue trendline marked on the chart, the high probability move is a reversal and continuation to the downside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
6
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
DESCENDING BROADENING WEDGE ON VECHAIN??!First of all, I want to say that EMA from Daily Timeframe is starting to give us a sign for further Downtrend. But, I also believe that we are in the good form of Elliot Wave Theory from the Weekly Timeframe, so I guess, we are going to testing EMA 34 or 55 in the Weekly Timeframe, before we see a blast movement from Vechain, and as we can see right now on the 4H Chart we also see the Vechain potentially forming a Descending Broadening Wedge Pattern which is good for our Bullish continuation setup. Disclaimer: This content is not a Financial Advise.
Long
by Kevin_Sailly
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
Vechain (VET) Breaks Out The Triangle And Ready To ExplodeHey friends hope you are well and welcome to the new update on the Vechain (VET) Breaking out the triangle: On 3rd of June, the price action of VET broke out the resistance of the symmetrical triangle on the daily time frame chart and now it is re-testing the previous resistance of the triangle as a support. When to buy? Even though it can be the right time to buy the VET while it is re-testing the previous resistance as a support but can be bit risky. To minimize the risk factor we can wait for the candlestick to close above the high of the breakout candlestick which is $0.1450 on the daily time frame chart. The stop loss and the sell target: Once you decide to buy then two points can be used as a stop loss: 1. The support of the triangle 2. The recent swing low before the break out which is $0.11. The technical sell target for this triangle is $0.19. Moving against the Market: We can observe that Bitcoin is still moving in the triangle but on the other side the VeChain has ignored the market’s trend and broke out the resistance. Therefore, if the BTC breaks out the triangle then VET can produce more profit than Bitcoin. Support and resistance levels: After the recent drop the price action of VET has been bounced from the $0.08 strong support. There is also an additional support of 200 simple moving average on the daily chart just below the $0.08 and the price action also used 200 SMA support for this bounce as well. Now the price action is struggling to breakout the $0.14 resistance. After $0.14 resistance there are $0.19, $0.24 and $0.27 resistance levels respectively. Conclusion: The Vechain has broken out the triangle before the Bitcoin. Therefore incase of the BTC breakout it can be the top mover among the top altcoins.
by moon333
1
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update: VeChain has broken out upwards from its Ascending Triangle. VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe. Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe. Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band. VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain is above its Volume Point of Control (POC) for this 4hr timeframe. VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row. The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11. The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards. The future looks extremely bright for this future giant of the crypto industry. Here is a closer Look at the CMF. Here is a closer look at the ADX DI. I hope this is helpful with your Trading and Hodl-ing.
BINANCE:VETUSDLong
by TradingThroughTheLens
4