Vechain ready to explodeVechain is approaching some heavy resistance at the 0.7 FIB (highlighted in red) once this level is broken we got 1 more level of resistance at the 1 FIB, If we can break the 1 fib i believe VET will see a very nice run climbing up the Fibs creating new support for us, the keltner channel is starting to point upwards as well, Stochastic RSI still has awhile to go before it becomes overbought, we have began to exit the oversold areas and its coming back up. keep an eye on us holding that 0.6 FIb if we close below it i believe a little downside is possible. NFA all just in my opinion
Vechainusd
Vechain(VET) Explosive Move Back To ATH & Beyond 55% to 74% GainVechain'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 :)
VETUSDT needs to break back above 0.052 or more sideways to downVeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high.
Clear chance we could see another leg down from here unless we rally back to above 0.052.
We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts back to around 3cents.
VET VeChain Expected Move - VETBTC VETUSDT VETBNB VETUSD VETETHVET VeChain Expected Move - VETBTC VETUSDT VETBNB VETUSD VETETH
VETUSDT about to attempt to break out? The level I am watchingLooking at 0.052 level as key to this potential breakout happening in the near term. This level is the highest weekly closing price so far which is a level that I always watch closely in terms of price action.
I also used a big arrow so the market notices. :)
Have a nice weekend, all!
VET - 1D. Is the growth of + 200% still real?As it turned out, the VETUSDT price has been moving upward in a channel for almost a year.
Recently, the VETUSD price has broken through to the upper part of the channel and is trying to gain a foothold there.
If the price fixing in the upper part is successful, then we can start pinning hopes on continued growth to $0.12-0.13
A note of conspiracy and coincidences: the low according to VET was 03/13/20, and the high could be 03/13/21 :)
However, if the price drops below $0.046 , then we can expect a price movement in the lower part of the channel, and the liquid zone that will attract the price to itself is in the area of $0.0215-0.0255
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VETUSDT needs to smash that 0.057 wall to see next leg higherVET has forged a nice consolidation pattern but is still getting stalled by that 0.057 level. It seems to be a significant resistance level judging from how the market is reacting to it since FEB 13, 2021.
Break that and it becomes a significant support level.
VETUSDT stalling at measured target. What's next?Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price).
Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level to watch is that 0.043 area which was a breakout point. This area should hold if we are to see bullish continuation in the very near term (intra-day or the next day or so). Otherwise, we might go into a bigger trading range or even a bigger pullback.
If 0.043 holds, next target would be around that 0.054 area (again a measured objective of the current LTF consolidation pattern). We are in price discovery mode so it will be harder to call price objectives using this strategy. As long as we're going up, I've no complaints. We can certainly go parabolic from here too. :)
$VETUSDT - Uptrend inside this channelHello everyone!
Vet has to close above the previous high at 0.3536 to continue the uptrend.
If a breakout is confirmed than VETUSD will go further to $0.4000
The closest support is 0.32180, closing below this support might signal the downtrend and a confirmation of a double top pattern.
VeChain completed big BAT for upto 233% massive rallyHi dear friends, hope you are well and welcome to the new update on Vechain.
On the long-term weekly chart, the price action of VeChain has completed the BAT entered the potential reversal zone.
This trade has a profit possibility of 233% and the loss possibility is only 25%
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
VeChain completing Butterfly move for upto 31.5% bullish moveHi dear friends, hope you are well and welcome to the new update on VeChain.
On the short-term 4-hour chart, the price action of the Vechain is completing the last leg of the bullish Butterfly pattern and soon it will be entered the potential reversal zone.
This trade has a huge profit possibility of 31.5%, and the high loss possibility up to 8.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
VeChain ScallopsVeChain idea containing four scallops
Some descending some ascending
While in a rising wedge this is a weak indication of a bearish move
Some chart patterns aren't respected as much, or seemingly have different success rates as others
Personally I think this is pretty bullish, fundamentally
What VETUSDT's bearish close last week means going forward?Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term.
Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that, next support I'm seeing is around the 0.022 levels.
VeChain Lets Wake It UpVeChain, can be summed up by Two words Supply Chain. The fundamentals behind the blockchain can be a solution for industry logistics. VeChain enables the participants to record the core data arising from transportation. The data collected will be stored on the VeChainThor Blockchain, thus making it possible to create new logistics and business models. Therefore VeChain provides capabilities of mass exposure within adaptation within the current existing business model.
Price (speculation):
Support line: 0.02700- 0.026400
Break: 0.028 to peruse up-trend
Prediction: Stop Sleeping on VeChain
This is not Financial Advice
Sleeping Giant.
VET 1D It's time to correct downSince the publication of the previous idea , the price made good +60%.
Also, the VETUSDT price tested the past historical high for strength.
At this stage, it is more likely that it need to make another rollback down before updating the high.
The liquidity zone of $0.0155-0.0175 will act as a magnet for correction.
In previous ideas, we wrote that the chart shows a strong interest in the coin. However, at the moment we have not found any news that could help break the historical high upwards.
Nevertheless, we will consider the long scenario for trades if the price confidently fixes above $0.0336.
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VeChain - Could be approaching uncharted territoryAt the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous high, it will possibly drop back to its Middle Band of its Bollinger Bands, which wouldn't be a bad thing as the price could consolidate for a more few days and attract buyers at a lower price. The RSI on the Daily Chart is indicating that VET still has room to move up before becoming overbought. In a worse case and unlikely scenario of a major reversal to a downtrend this week, VET has its 50EMA, 100EMA and 200EMA levels, as well as its Ichimoku Cloud Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) as potential support levels. I hope this is helpful with your trading or hodl-ing.
VECHAIN DAILY CHARTWe can see how Vechain has broken the accumulation area, has looked for the bearish divergence and has made a first try to look for new highs.
What are we looking for now? We are looking for an incorporation if the price returns to the divergence again. If the price continues with the uptrend we will look to incorporate later in a new continuation pattern.