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VET

🔥 VET Forming A Massive Long-Term Bull-FlagSince hitting the all-time high during May-21, VET has been trading bearish-sideways. During this period of sideways movement, a bear flag has been drawn on the chart. Be aware that this assumes that the current bearish move is over and that the bottom is in. Assuming we're going up from here, I'm expecting a bullish move towards the top of the channel. We can either break bullish or reverse after hitting the top of the channel. Since bull-flag patterns are classically bullish patterns, a bullish break out is to be expected. This also assumes that the crypto bull-cycle is far from over and can potentially take another 6-12 months. Happy trading!
by FieryTrading
20
VET - is going to break this resistance VET is sandwiched between the level of the trend line and the lower boundary of the big value area. The price can still gather liquidity both above the trend line and below the $0.072 level. A breakout of the trend line could be a good buying opportunity. In case of a false breakout, a good opportunity to sell. In case of a breakout of the level of 0.072$ may be a good opportunity to sell. In case of a false breakout, it is worth opening a position in the opposite direction. I would also like to note that volumes appear at the bottom, which is a good signal, but on bitcoin volumes appear at the top, and that confuses me. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
5
VET - Maybe the BottomVET has returned to its lowest PA since it climbed above this level last July and before that, it past up thru $0.07 last March when it ascended to its ATH in April. It’s also well below the parallel channel I outlined in my “VET - Future Projection Series” I posted 01Nov21, which means to me its way under valued. The long term RSI, 1m & 1w both show divergences which clearly showed the “TOP” in Nov confirming a downtrend since. However, timeframes both recently show not so much a trend change as a possible levelling off of the PA. The 8h RSI formed a nice bottom “V” today as a matter of fact, which hopefully means VET has found its bottom PA. Looking at the 4h chart the PA recently descended back into a range market it had bounced in and out of last week. The last 6 days of descending PA has formed a descending wedge. The upper trend line of this wedge is actually the trend line along the “highs” since 09Nov21, making this is a really important trend line. In addition to all this, PA is just below the 20ma, a little below the 50ma and well below the 200ma. If PA bounces up out of the descending wedge, it would take it above the range market, which would take it above the longterm trend line. We could be seeing an end to VET’s down trend. A momentous moment indeed. My thoughts, not advice Oklah. Cheers
Long
by wildboar8
Vechain primed for a run!!Today we are looking at Vechain on the daily timeframe and one thing is pretty clear... we are ready and looking for a run to the upside, VET has seen a steep decline in price since mid November but that doesn't change the absolute brilliance and expanding business of this project! I am personally looking to pick up some more Vechain adding to my current bag around our current price and also if we see a little bit further of a drop. I have drawn out a buy zone that i am personally looking at, from where we are right now to the bottom 0 FIB level at just about 7 cents USD (0.0069). Looking at the BJ Key levels we are currently coming down turning a couple key levels back to resistance but more of what i looking at is the level directly above the 0 FIB, this represents strong key support and gives us a likely chance to see a nice bounce and reversal. Checking out the MACD we are looking okay but not very bullish as of right now, the histogram has had a tiny green cycle but is now on the way back down to the midline, now we could either see a push into a red cycle or we can likely see a bounce and another green cycle, what we want to see is an increase in green bars day by day showing a rise in bullish momentum, the blue MA is trailing back towards the orange where we could either be looking at a bearish cross or a fakeout and bounce, think we are very likely to see a bounce sooner than later due to the current downside we are facing! Checking out the RSI we are looking at a potential bounce here aswell, we are currently sitting right on the yellow simple moving average coming in for support for us and this spot also gives us an opportunity for a bounce, the main goal here is to make our way upto that midline and ultimately reclaim it, this is the most important step because it allows us to reclaim a confirmed uptrend, being stuck below the midline keeps us in a confirmed downtrend and being above and holding it puts us back into a confirmed uptrend! Not financial advice just my opinion!
VLong
by JacobR905