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VET/USD - weekly chart updateLooking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the previous weekly Rising Wedge Pattern that got invalidated. Here is a closer look at this VET/USD weekly chart: At the moment of typing this, VET is still way below its 50MA, 100MA and 200MA. For the downside, be on the lookout for if/when the 50MA crosses UNDER the 100MA on this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back above its 200MA and successfully re-test it as support. VET is also still way below its Least Squares Moving Average (LSMA) for this 1 week timeframe. For the upside, be on the lookout for if/when VET crosses back ABOVE and COLSES a weekly candle ABOVE its LSMA creating a BUY Signal for this indicator on this 1 week timeframe, also look out for any successfully re-test as support. VET is still way below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that both the Middle and Lower Bands are pointing downwards and the Upper Band is sideways at the moment. For the mid to longterm, VET needs to cross back ABOVE and CLOSE ABOVE its BB Middle Band Basis. Looking at VETs longterm Modified Schiff Pitchfork Pattern, we can see that VET is still way below its Pitchfork Median Line and has also found resistance from its Lower Green Resistance Line. Looking at the Trend-Based Fib Extension tool, we can see what levels VET has above and below it as potential Support and Resistance. Note that the 1 ($0.01845) Trend-Based Fib Extension Level is located roughly where the 78.60% ($0.1811) Fib Retracement Level is located. Looking at the Fib Retracement we can see that VET has the 78.60% ($0.01811) and 100% ($0.0857) Fib retracement Levels as potential support. I have added to areas of Support which i believe are of great interest as highlighted by the Horizontal Black Lines with Blue Shading. We can clearly see that VET has found strong Support from its first Support Area. The longer VET stays and keeps re-testing this area with lower highs, the more the support volume will be chipped away and VET will potentially drop further to its next support cluster. The Volume Profile Visible Range Point of Control (VPVR POC) is located at $0.004946 and you can see the increased volume cluster located from around $0.00857 to $0.00287. If VET drops to that level, we can expect a huge buying opportunity to cause a spike up. As you can see on this weekly chart, Traded Volume has been low since around Jun 2021 compared to what VET was getting from July 2018 to May 2021. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) rising to 17.129 and above its 9 Period EMA (Black Line) at 15.182. Note that Negative Momentum has dropped with the -DI (Red Line)at 28.041. Positive Momentum has also dropped with the +DI (Green Line) to 16.636. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line and has been in the Negative Zone since the week of the 13th Dec 2021. Note that the MACD Line (Blue Line) is slight curving upwards so be on the lookout if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) creating a Buy Signal on this 1 week timeframe for this indicator. Looking At the Stochastic Indicator (STOCH) we can see that the %K (Blue Line) is still under its %D (Orange Line) and both lines are deep in the Oversold Zone and has been for the last 10 weeks. What is interesting is that VET has been in the Oversold zone a few times on this weekly timeframe and on 3 previous occasions VET has spent about 15-16 Weeks in this Oversold Zone before rising above 20. Could be one to watch. I still believe that there is a huge possibility that BTC will hit $12K especially with inflation and the recession we are in, if that happens then we can expect VET to at least WICK DOWN to its 2nd Support Area which is located by its 100% ($0.0857) Fib Retracement Level and its 1.414 ($0.096) Trend-Based Fib Extension Level. I would not get excited on tis weekly chart unless VET closes and successfully re-test as support its LSMA. For the Longterm, wee need VET to break back above and CLOSE a weekly candle ABOVE its Bollinger Bands Middle Band Basis and 200MA. Once this world recession is over and the Governments, The FED, The Bank of England ect ect have completely cleaned up from inflation and whatever else, then the Market Makers will eventually decide that the Path of Least Resistance to Profit is upwards. So once this recession and financial/crypto bear market is over, be it in a year, 2, or even 5 to 10 years. You need to position yourself to be able to buy back in on your crypto of choice and take full advantage of the next parabolic wave up. This is all just my opinion so please do your own research as its your money. I have tried to cram quite a lot in this post as this will probably be my last longterm VET/USD weekly chart post for a while unless something major happens so I hope this is helpful with your trading and hodl-ing.
BINANCE:VETUSD
by entertheroach
2
VET VECHAIN USD : MACRO BULL FLAG BREAKOUT! $13 TARGETVET is looking bullish. VET hasn't had very much attention in the last few years but I believe its time is coming. There is a major macro bull flag forming and could possibly be completed. A measured move from this bull flag will shoot VET into the $13 to $15 range in a short period of time. Im not sure what kind of news or developments will come out of this project but something is coming. VET is also a great and secure proof of stake coin, and now with the USA government signing executive orders talking about regulating the energy consumption of proof of work coins because of their impact on the environment it means that proof of stake coins will probably explode. Maybe ETH heard something through the grapevine about this and hence why it switched to proof of stake? Either way the chart formation is valid and whatever news comes out it will be huge to fuel this type of run. This is not financial advice this is just my opinion. Thank you
BINANCE:VETUSDLong
by Bitgolder
15
VeChain/USDT. Testing the 0.5 Fibonacci.Current Market Cap 1.69 Billion Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents! Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's. Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous resistance now being tested as support. We also have a non confirmed conditional buy signal. Should the 0.5 level not hold up, long term bulls should look for buys in the golden pocket (1 cent) This area is a support/demand zone / previous minor resistance. The POC compliments the 0.786, (half a cent) long term bulls should reload again. Biggest Volume Profile appears between 0.3 - 1 cent. RSI is forming a nice falling wedge, a breakout + HH could initiate a rally. Stochastic is oversold. Selling Volume has slowly declined over time. Timing the tops/bottoms isn't important nor does it work. DCAing into your favourite projects that you believe in is best. About.. VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos. VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices. VeChain makes use of two tokens: VeChain token (VET) as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer. Speculative Setup, DYOR. Allow 3-18+ Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
1
VET/USDThis is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart. Here is a closer look at this VET/USD 1 week Chart. On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator. VET is also back ABOVE its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 week timeframe. Note that the Upper and Lower Bands are still contracting indicating VET still has plenty of room to move up or down before expansion kicks in and it becomes over extended on this 1 week timeframe. VET is Back ABOVE its 100MA (Red Line) but still BELOW its 50MA (Blue Line) on this 1 week timeframe. VET is in a massive Rising Wedge Pattern, the APEX of which is around the week of 5th - 12th May 2025 and is at around $8.8 as indicated by the Rising Converging Blue Lines. VET is also in a Triangle Pattern as indicated by the Converging Black Dotted Lines. Looking at the Trend-Based Fib Extension we can see that at the moment, VET has found some resistance from its 0.236 level at $0.0876. Note that the Fib Levels are based on Log Scale. VET closed the last weekly Volume Bar ABOVE its Volume 20 Period MA, in the Green and this weekly Volume Bar will also close ABOVE its Volume MA. VET is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 3 Weekly Candle that i have selected. Looking at the Moving Average Convergence Divergence (MACD), we can see that we have a BUY SIGNAL on this indicator for this 1 week timeframe because the MACD Line (Blue Line) has crosses back ABOVE the SIGNAL Line (Orange Line) creating a new Green Histogram. This is the first new BUY SIGNAL since the week of 25th Oct 2021 and it’s the first new Green Histogram since 22nd Nov 2022. Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line, so the next key thing will be when the MACD Line (Blue Line) crosses back over and ABOVE the 0.0 Base Line into the Positive Zone. Looking at the Relative Strength Index (RSI) for this 1 week timeframe, we can see that Momentum is upwards at the moment and the RSI (Purple Line) is back above its 9 Period EMA (Orange Line) and indicating upwards momentum strength. Note that the RSI (Purple Line) has plenty of room to move up before entering the Overbought Zone which is above 70 on this 1 week timeframe. Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 14.51 under the 20 Threshold and under its 9 Period EMA (Black Line). Positive Momentum has increased with the +DI (Green Line) rising to 25.101 and ABOVE its -DI (Red Line) which is at 19.21. A very good sign on this 1 week timeframe will be if we continue to see the +DI (Green Line) expand further away from the -DI (Red Line) as well as the ADX (Orange Line) crossing back ABOVE its 9 Period EMA (Black Line) and AOVE 20 Threshold. With such a large rise on the Daily, we shouldn't be surprised if VET re-traces back to its LSMA or even its Bollinger Bands Middle Band Basis 20 Period SMA on the 1 day timeframe. Here is a look at the 1 day chart so you can see the Expansion of the Bollinger Bands. Note that VET found support today from its LSMA Level on the 1 day chart. Obviously a lot can happen and change in 3 years with the Crypto Market, VET can easily break ABOVE or BELOW and CLOSE a Weekly Candle ABOVE or BELOW the Rising Wedge Pattern's Trend Lines to invalidate it way before it ever gets to the APEX. The first crucial step for VET will be CLOSE a weekly Candle ABOVE its 0.236 Trend-Based Fib Level at 0.0876 and if needs be, to successfully re-test that level as strong support. Key things to look out for the potential start off on this VET/USD longterm 1 week timeframe in no particular order: For the Positive Side: 1: A successful close ABOVE the 0.236 Trend-Based Fib Extension level. 2: Expansion of the Upper and Lower Bollinger Bands while the Price is above the Upper Band. 3: A successful Weekly Close ABOVE the 50MA, 4: The BB Middle Band 20 Period SMA crossing back ABOVE the 50MA 5: The 100MA crossing back ABOVE the 50MA 6: The MACD Line (Blue Line) crossing back above the 0.0 Base Line into the Positive Zone 7: The ADX Line (Orange Line) crossing back ABOVE the 20 Threshold and its 9 Period EMA (Black Line). 8: A Weekly close ABOVE the Ascending Upper Blue Trend-line of the Rising Wedge Pattern. 9: A Weekly Close ABOVE the Upper Triangle Pattern Trend-line. 10: A successful close ABOVE the 50MA. For the Negative Side: 1: A successful close BELOW the 0.236 Trend-Based Fib Extension level. 2: A drop back UNDER the BB Middle Band Basis 20 Period SMA. 3: A Weekly Close back UNDER the 100MA, 4: A weekly Close back UNDER the LMA. 5: The 100MA crossing back ABOVE the 50MA 6: The MACD Line (Blue Line) crossing back UNDER the SIGNAL LINE (Orange Line) 7: The +DI (Green Line) crossing back UNDER the -DI (Red Line). 8: A Weekly close BELOW the Ascending Bottom Blue Trend-line of the Rising Wedge Pattern. 9: A Weekly Close BELOW the Lower Triangle Pattern Trend-line. 10: The RSI (Purple Line) crossing back UNDER its 9 Period EMA (Orange Line) I’m sure I’ve missed a few things but that’s probably enough of me rambling on. I hope this post is helpful with your Trading, Hodl-ing or DCA-ing.
BINANCE:VETUSD
by entertheroach
10
VeChain Prepares for Astronomical Moon Waves - Digital SurfThroughout what has seemed like an everlasting Bear market, VeChain has made sizeable retracements while holding on to its first, primary wave position. As the continual method to my madness, I've applied Elliott Wave Theory to VET's all-time market structure. Avoiding the intricacy of details that typically come with technical analysis, it clear to see that VeChain has completed 5 full waves up from its ATL (all-time low). Price action beyond this occurrence has also given clarity to the increased probability of a Wave 2/zig-zag being nearly completed. Beyond the developments of primary Wave 1 + 2, my focus has now diverted to identifying the next macro target for VeChain and other original altcoins. Elliott Wave Theory allows us quickly identify minimal targets for primary Wave 3 (which is pending and yet to start in a few weeks). For those of us that have put any amount of time into learning Elliott Wave Theory, we know that Wave 3 generally pumps to 1.618 of Wave 1 . My $6.20 price target for VET is not based on any trend lines or lagging indicators however, manually counting waves and properly applying the Fibonacci team has given me insight, which I hope time proves to be highly valuable. The only invalidation level one could consider would be directly below VeChain's ATL @ 0.00197. Without this level being breached, I totally expect massive upside swings. For continued chart analysis, timely updates and a chance at increased profitability, check out my profile and lets talk sometime! Thanks for checking out my post. Share, like and/or comment if you find this idea helpful while you surf. Don't drown and stay safe... *This post will not be updated.
BITFINEX:VETUSDLong
by DigitalSurfTrading
16
VET ELLIOT WAVES 0.6$ ??veChain vet strt a 5 impulsive waves the first wave git (0.023 $ ) and here we have wave 2 correction us u can see in the chart ABC nnice zig zag correction bottum wave 2 at ( 0.1 ) and we start a wave 3 big wave indide wave 3 there is a 5 umpulsive wae we finished it and now we have a wxy correction so i expect it to have some down side and finish wave 4 correction and start wave 5 impulsive and the target for this around ( 0.5 - 0.7 ) and us we see the rsi is bullish so we will see soe up move soon we need to tap above wave 1 top and keep move to see wave 5 -------------------------------------------------------------------------------------------------------------------------------------- there is a wxy correction on the stock maket on wave 4 expect more up there is a ABC correction expanded flat on btc inside wave 4 expect mroe up check btc chart and us dollar need to hace some correction in the next weeks so we could see crypto go up
Long
by moad-legend
6
VET/USD - UpdateAs I mentioned in my previous VET post in March, there was always a possibility that VET would drop out of the Bottom Trend-line of its Ascending Wedge and Invalidate that Ascending Wedge Pattern, which has happened. VET also failed to get back above its 0.236 Trend-Based Fib extension Level on that previous chart so we know that $0.087 is the price that VET needs to close a daily candle above solidified with a successful re-test as support. So let’s move on. Using a longterm Modified Schiff Pitchfork Pattern (A,B,C), you can see that VET is still below its Modified Schiff Pitchfork Pattern Median Line. At the moment VET has found some support from its Lower Green Pitchfork Support Line. Let’s take a closer look at this 1 day VET USD chart with the Bollinger Bands, LSMA and VPFR POC. At the moment VET is fighting to stay back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1 day timeframe. Not that the Upper and Lower Bands are moving sideways at the moment. Using the VPVR, you can see that the Upper and Lower Bands are located roughly above and below an area of large volume. At the moment VET has found some support from its Least Squares Moving Average (LSMA) level. A daily close ABOVE the LSMA is crucial for continued upwards momentum. At the moment VET is trying to stay back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 22x daily candles i have selected. For your viewing pleasure i have added various support and resistance lines (Black Solid Lines and Black Dotted Line) as well as various support areas as highlighted by the horizontal black lines with yellow shading. As you can see, VET is now in a Descending Triangle Pattern (Bearish) as well as a Descending Wedge Pattern (Bullish). Note that the APEX of the Descending Triangle is located around Nov 2022 and the APEX of the Descending Wedge is located around March 2023. Note that a pattern can easily become invalidated with the price drop below and successful re-test as resistance of the bottom trendlines. Looking at the Average Directional Index (ADX DI) we can see that Positive Momentum is still downwards with the +DI (Green Line) dropping to 14.17. Note that Negative Momentum is also down with the -DI (Red Line) dropping to 20.00. Note that the Trend Strength is still strong but has dropped with the ADX (Orange Line) dropping to 30.52 and the ADX is also back under its 9 Period EMA (Black Line) at 33.84 which is further confirmation of a weakening of Trend Strength at the moment. Looking at the Moving Average Convergence Divergence (MACD), we can see that Momentum is upwards at the moment with the MACD Line (Blue Line) pointing upwards and is still back above its Signal Line (Orange Line) on this 1 day timeframe. Note that the MACD Line (Blue Line) is still BELOW the 0.0 Base Line in the Negative Zone. Looking at the bottom Volume indicator we can see that overall traded volume is still low especially compared to what VeChain was getting from around October 2019 to May 2021. This is similar to Bitcoin’s daily chart which possibly means that while big money might actually be accumulating crypto assets like BTC, but there hasn’t been a constant inflow of big money actually trading crypto like BTC on a regular basis since around May 2021. Using the Volume Profile Visible Range (VPVR) indicator, you can see where the Volume Profile Visible Range Point of Control (VPVR POC) is for this VeChain Chart is. Using the entire charts range we can indicate at what price range was the most volume was traded at. At the moment the Crypto market is following BTC so if BTC drops to $20k or $12,400 then we may see a wick down to around $0.009 which would offer a real great buying opportunity for most crypto. If BTC doesn’t drop to $20K then we will see VeChain eventually break back above its Descending Triangle, its Descending Wedge and eventually back above its Modified Schiff Pitchfork Median Line. I hope this post is helpful with your trading or hodl-ing.
BINANCE:VETUSD
by entertheroach
3
VET can Increase Pretty Soon!VET is in an Ascending Triangle which is a Good Bullish Sign and Means The Price is gonna Increase Pretty Soon! No Break out Has Happened and We Shall Be Aware of the fact that When the Break out Happens the price will Increase as much as the Measured Price (AB=CD) . Well When The Expected Movement Happens, the Price will reach around 0.037$! -VET is in an Ascending Triangle -No Break out yet -Price is gonna Increase as much as the Measured Price Movement (AB=CD) -Target is around 0.037$ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
9