VECHAIN another failed blockchainThis chart is of #VET priced in #BTC
A massively hyped supply chain project.
Another problem that didn't need solving by cryptography.
The chart has a massive head and shoulders is below a major previous low
and after this bull run, I can envisage losing more value.
#FinancialDamage
VET
#VET (SPOT- Investing ) entry ( 0.01960- 0.02260). SL (0.01890)BINANCE:VETUSDT
entry range ( 0.01960- 0.02260)
Target1 (0.03499) - Target2 (0.06860) - Target3 (0.10390) - Target4 (0.14790)
SL .1D close below (0.01890)
** This coin may take long time to achieve all targets **
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET ***
#VET/USDT#VET
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.02200
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.02430
First target 0.02300
Second target 0.02362
Third target 0.02425
#VET/USDT#VET
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the ascending channel and we are now touching this support at a price of 0.02250
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.02277
First target 0.02330
Second target 0.02400
Third target 0.02457
VET VeChain Breakout with Price Targets (LONG)IF VET gets a volume increase soon, we will start breaking trough resistance. We have just broken out of a 6 month resistance trend line after finding a bottom. If we can get through the .702 fib re-tracement at 0.402, the we are heading straight to the higher targets towards the top of the channel with the dotted line 0.074 & 0.107
Spot buy and ride this one all the way up!
VeChain: ReboundedVET was pulled back to the 78.60% retracement (at $0.0221) of our blue Target Zone (between $0.0292 and $0.0179) after our last update. From a technical perspective, the low of the blue wave alt.(ii) could now already be established and a recovery could begin. However, this scenario (35%) will only be activated if the resistance at $0.033 is broken. For the time being, we maintain that there should be a further setback to the lower edge of the zone before the coin turns around. With the low in place, a significant increase above the resistance at $0.055 should then set in.
VeChain: Still Some RoomVET experienced a setback last week within our blue Target Zone (between $0.0292 and $0.0179). This development aligns with our primary expectation, as we still grant the blue wave (ii) scope down to the lower edge of the zone. As soon as the low has been established, the price should turn around and be carried above the resistance at $0.055 by the same-colored wave (iii). However, the minimum technical requirement for the low has already been met. Should the coin break through the $0.033 level directly (35% likely), we will already see it in the blue wave alt. (iii).
VET (VeChain): Channel DownTrade setup : Price is in a downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout and a trend reversal. Trend traders: wait for such a breakout. Swing traders can trade the channel, enter near channel support trendline and exit near channel resistance trendline of $0.27.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.02, then $0.015. Nearest Resistance Zone is $0.024, then $0.027.
VeChain: ReturnedVET returned into our blue Target Zone (between $0.0179 and $0.0292) last week. As we consider the blue wave (ii) to have ended, we interpret this development merely as part of the internal substructure of the same-colored wave (iii). Accordingly, we expect further rises and an overcoming of the resistance at $0.055. Investors could therefore open long positions within our Target Zone, whereby stops could be placed about 1% below the lower edge.
Breakout or Breakdown? Prepare for a Major Move in #VETUSDTYello, Paradisers! Are you ready for what could be a game-changing move in VETUSDT? Let’s dive into the current scenario and what we can expect next.
💎#VeChain (#VETUSDT) has been trading within a descending channel on a daily timeframe. Throughout this formation, the price has consistently respected the trendlines. We anticipate a significant breakout due to the recent push #VET received from a successful retest of the channel's lower support.
💎A potential retest of the Bullish Order Block (OB) at $0.024 could be pivotal. This area is packed with liquidity and could propel NYSE:VET towards a breakout.
💎If #VET can break above the descending resistance, supported by the liquidity at $0.024, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
💎Should the current resistance hold, we might see a retest of the support level at $0.0215. This could provide the necessary rally for a breakout. You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
💎If both support levels fail, #VETUSDT could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
Stay vigilant and ready to adapt to market movements. Remember, disciplined trading and patience are crucial for long-term success.
MyCryptoParadise
iFeel the success🌴
VeChain: Turned AroundVET gained sharply last week and left our blue Target Zone (between $0.0179 and $0.0292). In view of this neat turnaround, we now consider the blue wave (ii) to be complete and see the price in the same-colored wave (iii). This movement should reach beyond the resistance at $0.0550. Within the internal substructure, however, it remains possible that our Target Zone could be approached again, which is why we are currently keeping it active. In the event of a further dip, investors can once again cover their positions with long positions, whereby stops could be placed around 1% below the lower edge.
#VET/USDT#VET
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.02200
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.02312
The first target is 0.02750
The second target is 0.03070
The third goal is 0.03440
VETUSDT : VeChain Breaks Out of Descending Trendline
VeChain is currently at a critical point, showing signs of potential upward movement and a strong support base. The chart indicates a recent upward trend following a prolonged decline.
Resistances and Support:
Resistance I: Around $0.02850, where the price might face difficulties breaking through.
Resistance II: Near $0.03355.
Support: Located at $0.02037, an important level that could hold the price in case of a decline.
The Stochastic RSI shows that VET is currently in an overbought zone, which could indicate a possible short-term correction.
Fibonacci levels suggest potential areas of support and resistance. The 0.618 level at $0.04772 is particularly important for the continuation of the upward trend.
VeChain has stood out with strategic partnerships including companies like BMW, Walmart China, and major telecommunications operators such as AT&T, T-Mobile, and Verizon. These partnerships are focused on areas such as supply chain tracking, food safety, and preparation for 5G networks (Crypto News Flash).
Recently, analysts predicted significant upside potential for VET, with estimates that the price could reach $1.80 by October 2024, based on detailed Fibonacci analysis and other technical indicators. VeChain has also launched important technological products such as the VeWorld Mobile wallet and the VORJ digital asset platform, promoting the adoption of Web3 technology
VET/USDT in Weekly Timeframe.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
VET is holding decent support at the current price level. The formation of a symmetrical triangle pattern in this weekly chart shows a nice breakout and retest.
Key Observation:
~ Initial Support: $0.023.
~ Lower Support: $0.015.
~ Resistance: 50EMA at $0.0324.
~ Invalidation Point: Breakdown below $0.015.
DYOR.NFA.
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#PEACE
VET - Falling wedge - Waiting on Breakout#VET/USDT #Analysis
Description
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+ VET has formed a clear wedge pattern, and a breakout seems imminent.
+ If the price breaks out from this falling wedge pattern, we can expect a significant price increase.
+ I'll enter a trade after the breakout occurs.
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VectorAlgo Trade Details
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Entry Price: 0.03653
Stop Loss: 0.02987
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Target 1: 0.03959
Target 2: 0.04374
Target 3: 0.04893
Target 4: 0.05911
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
VET - 900% Potential in the bull run, get ready now. #VET/USDT #Analysis
Description
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+ VET has reached the support trendline and price is expected to consolidate in this area.
+ Once the price reaches this are, i'm expecting it to bounce back, this gives us good opportunity for a trade with huge profit potential.
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VectorAlgo Trade Details
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Entry Price: 0.021038 - 0.025285
Stop Loss: 0.017169
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Target 1: 0.033475
Target 2: 0.049533
Target 3: 0.060345
Target 4: 0.083920
Target 5: 0.118305
Target 6: 0.181948
Target 7: 0.246760
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
VeChain: Turning PointVET has dipped into our blue Target Zone (between $0.0292 and $0.0179). Within this range we expect the low of the blue wave (ii) correction and thus the bullish trend reversal. Accordingly, one can use this Zone to open long positions, whereby any stops could be placed around 1% below the lower edge. With the blue wave (iii), we expect an increase above the resistance at $0.055.