VeChain Textbook Ascending TriangleVetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again.
Pros:
- The structure remains very strong despite bitcoin correction, validates an ascending triangle pattern.
- Indicators are being fixed, looking ready for rally (etc moving averages coming together)
Cons:
- Unstable time in the crypto market, BTC hanging on support if break below there will be more downside for all altcoins.
Personal trade idea: enter at break above 0.265 with retest / buy at accessing triangle supports. SL 0.195
Vechain
VET 1D Will it increases +200% again?Two months ago we published an idea for a VETUSDT pair that the price can do +200%
And she did, even more, breaking through the channel upwards in which the price of VETUSD moved for a year and showing the result of +400% - +500%
Further, is even more interesting , the annual channel has confidently broken through up and even managed to test the strength of the channel base with a squeeze.
Now the daily candles are showing a consolidation above the $0.220 level, not really reacting to the BTC straits
If this trend continues, then we can expect another +200% increase in the price of VET
Is there a strong fundamental news background behind the Vechain project? Please write about it in the comments.
We consider the level of $0.17 to be the critical point. Fixing the VETUSDT price below this level may start a correction to the $0.75-0.95 zone.
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VETBTC TRADE DAILY #2 ---> DANGER! dont trade this unless stupidPretty simple one today guys, we are outside the ascending triangle , breaking pattern. We are oversold across the board. We are showing all sorts of bearish signs, we have no identity, completely following BTC price action.
Only hope is a hail mary last ditch tom brady style throw from deep to try and win it all.
DONT TRADE THIS, ONLY take greedy entry down towards 413, yes iam trading this, yes im stupid, but this is for tradertainment purposes. Can i beat the market?!
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Todays VET Trade
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BUY: 413 to 422
TARGET: 445 to 450
STOP: 410
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Fundamentals
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Rank #13
Market Cap = $14,333,165,000
Blockchain-powered supply chain platform
Top tier project
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What I'm watching over the next few days (Vechain / USD)If it stays within the section, I see this as a major buy opportunity once it breaks above.
Vechain (VET) Symmetrical Triangle Forming to $30 cents.Since my last call on April 4th VeChain (VET) has been up over 150% in the past two weeks. I knew VeChain (VET) wouldn't be trading at $0.10 cents for too long considering what VeChain is, the current market sentiment, and the global supply chain & logistics problems they're revolutionizing. If we breakout of our symmetrical triangle to the upside I believe we will retest $0.28 cents. If not I expect us to hold steady above trading at $0.20 cents. For the past 2 weeks we've also been producing higher lows.
To put things in a quick perspective according to research and consulting firm Armstrong & Associates Inc. The global logistics market was $9.6 trillion in 2018 and is expected to surpass $12 trillion by 2023. If VeChain we're to even capture 1% of a $12 trillion global logistics market that would put Vechain at a $120 billion from it's current $15 billion market cap. That's not even counting the monumental capital coming into the cryptocurrency markets. VeChain is the first mover in when it comes to supplychain blockchain technology. So when big corporations are looking to utilize cryptocurrency technology to replace antiquated logistics systems VeChain will most likely be at the discussion table. Bitcoin and Ethereum aren't specifically solving logistics and supply chain problems when it comes to enterprise.
It seems like VeChain is making strides to capturing a significant portion of the global supply chain & logistics industry everyday. The Internet of Things (IOT) is upon us. I've been saying that VeChain to a $1 is a very real possibility this cycle. Much peace, love, health, and wealth!
SHA starting EW 3$SHA
Had to go back and look at some old charts...
I'm excited for the coming weeks 🚀😍
-Micro EW (Green)✅
-Retrace to 0.618 (Macro EW 1) ✅
-EW Correction (Macro EW 2) ✅
-We are on our 3rd wave now, generally the biggest wave...
Thoughts? 😉
$VET $BNB #BSC $ETH $BTC
VETUSDT Triangle formationVETUSDT (1H Chart) Technical Analysis Update
Waiting for the Triangle Breakout
VET/USDT currently trading at $0.2543
Buy-level: 0.2650 (only buy if 1h candle closes above the resistance line)
Stop loss: $0.230
Target 1: $0.2780
Target 2: $0.300
Target 3: $0.350
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
CRYPTOS ANALYSIS- What's next?Very interesting video after a very interesting day.
I had previously posted for longs on Binance coin (up +10%), SIA coin (up 7%), Bitcoin short and then Long and Ada also long.
Every post came with many questions and concerns/comments so please do 2 things:
- look below at previous ideas/charts
- watch this video for what's next
As you will see, Bitcoin will find resistance at 58k.. That will be CRUCIAL for what happens next.
Keep in touch- show you love
the FXPROFESSOR
VeChain - Buy the Dip?We're looking around the 0.22 before another push to the upside. This area may come off a key level and psychological level in price, coinciding with a trendline bounce that has been respected for some time now.
Lots of positive fundamentals around VeChain - lets see what happens!
Interested in diversifying your forex investments with crypto? Drop me a message.
Issue#1 - My VETBTC trade for 4.20.21 TuesdayThinking of doing this as a daily practice, seeing how well I can pick it day to day haha
This morning I saw two ascending trend lines for potential bounce, the grey dotted line doesn't look like it got much respec, my second line also doesn't seem to be respected, on lower time frames it looks a little different
here is on the one hour, some wicks around it
and on the 15minute more significant.
Overall significance here is pretty poor though, I would never normally trade on these, but today... haha, I feel like trying to trade on VET each day so I'm a start here.
The MAIN reason behind me entering here is essentially trying to pick the bottom for BTC and relating that to is this the bounce for VET that creates some kind of triangle? (I posted an idea just before this comparing side by side XEM to BTC trying to predict the bottom, link below!)
Tomorrow I will risk less money on these VERY high-risk trades, today I went overboard, whoops!
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Todays VET Trade
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BUY: 390
TARGET: 450
STOP: 370
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--==--==--==----==--==--==--
Fundamentals
--==--==--==--
Rank #13
Market Cap = $14,333,165,000
Blockchain-powered supply chain platform
Top tier project
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Happy 420!
VeChain - The Awakening of a GiantVeChain Update:
VeChain has performed absolutely brilliantly, especially during the crypto liquidation the other day.
At the moment of typing this, VET is fighting to stay above its Pitchfork Median Line. Ideally we want this daily candle to close above this level.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
Notice how the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels are also moving sideways indictating sideways momentum.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards, but be aware that it is a fast reaction indicator.
VET is still well above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
Notice how the Bollinger Bands Lower Band is starting to curve upwards indicating volatility is slowing.
VET is well above its 50EMA so there is no fear of dropping below that level anytime soon.
If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is well within the Accumulation Zone at 0.15 and that strong accumulation has been happening over the last couple of days.
The ADX DI SMA is indicating VET is still in an uptrend for this timeframe with the ADX (Yellow Line) at 78.8 still above its 10 Period SMA (White Line) which is at 74.6. The +DI (Green Line) has dipped to 29.8 but it its still well above its -DI (Red Line) which is at 8.8.
This is all telling me that VeChain is still very, very strong. If VET closes this daily candle below the Pitchfork Median Line, then we may see some continued sideways momentum for a few days bringing up the Bollinger Bands Lower Band ready for another massive move upwards. Saying that however, if VET closes this daily candle above the Pitchfork Median Line, then VET may shoot up again much sooner.
VeChain is a crypto sleeping giant that as of recently, seems to been getting noticed much more and is gaining a lot more mainstream attention. All i can say is, VET should 100% be in your longterm portfolio, so grab a bag before VET gets to $1 and beyond 🚀. Also ask yourself…… are you seriously gonna miss this potential opportunity?
I hope this is helpful with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VET BETWEEKLY; left. ONE HOUR; right. VeChain just won't stop. We've built good support above the 4.236 fib at $0.1956, currently trying to complete a bullish inverse head and shoulders to $0.30. Invalidated below the dashed support line at $0.021, buy the dip.