VET
$VET is ready to take of BINANCEUS:VETUSD
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Possible Targets
➡️test 0.10550
➡️If VET Breakout triangle since MAY it can going to 0.618 lvl
➡️Retest above triangle on 0.5 lvl FIB and continue move up
➡️Targets first take 0.42$ Second target 0.65$
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Binance: Vet Buy / long H1Binance: Vet Buy / long H1
Entry: 0.115 - 0.117
SL: 0.11
TP: 0.13
VeChain Thor (VET) is blockchain with the posited goal of "solving real world economic problems".
VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities.
The core protocol of the Vechain Thor blockchain has four meta transaction features: Controllable Transaction Lifecycle, Multi-Party Payment (MPP), Multi-Task Transaction (MTT), and Transaction Dependency.
VeChain has two kinds of tokens, VeChain Token (VET) and VeThor Token (VTHO). While VET has a fixed supply of ~86.7bn token, VTHO is issued as a block reward for VET staking AMs. VTHO is required for smart contract and transaction executions. Consensus is achieved on a threefold-level: (1) technical level, (2) business level, and (3) governance level.
The issuance of VTHO is adjusted via the on-chain governance model to stabilize the fiat-denominated transaction costs. This clear governance model differentiates between three kinds of voters with various operational permissions.
VET/USDT Wait is over !!!!Vechain broke out of the downtrend a month ago and made a minor correction since the beginning of this month. Currently, it retested the trendline and found support at 200 EMA. Also, we can see the Green Buy signal on VMC Cipher B indicator. This is a great confluence to enter or accumulate more.
This is not financial advice please DYOR. If VET doesn't hold current support next support is around $0.0854
VET - REALLY Good IndicatorsSince BTC decided to do a nice little drop last night, basically knocking “most” alts down with it, I thought I’d review my watchlists to see what coins I follow were is primo position for positive movement.
As you can see I use a custom “MacD” I got off the TradingView list, and the Stochastic RSI for determining potential energy levels is my way of describing it.
VET has been active the last few weeks following a nice parallel channel from around .08 to .11. BTC’s latest antics kicked it in the nuts and its staggered back to .12 but I believe thats the bottom. It’s just been too solid the last couple months and I believe its ready to go.
The MacD and RSI energy are in perfect positions for this type of analysis to suggest an upward projection soon. Upward to where you ask?
If it respects the top of the parallel channel I’d say around .25 range.
I have posted a repetitive history analysis recently for VET where I estimate a rise to the .80 range by year end.
I have posted an analysis using the “Log” function which showed a rise to $1.71 up to 5.89.
My thoughts, not advice Oklah. Cheers
VET - Trend Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
VET is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H4: VET is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, VET would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Buy some Vet here!Hello dear Traders
Vet also has some good funds, and the fact that it's now at the bottom of its channel is sweet.
Many Altcoins are in this situation and don't seem to be losing their channel. but be aware that a "Stop Hunt" before pump makes sense!
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Good day
VET - Key Reversal Zones 🚨VET is approaching 2 key reversal zones which should be paid close attention to.
VET has been making higher highs and higher lows indicated that we are in an uptrend. Naturally we'd want to see another higher low to indicate that we are still in a bullish trend.
The first area is the parallel channel support. We already tested the 61.8 fib but we can hover here and spike down a little more before moving up.
The other important area is the 78.6 fibonacci where we have structure.
Watch for a clear bounce off one of these two levels and enter with stops below the rejected area.
Target the recent highs as first target and then HODL the rest.
VET bottom is inBTC has picked up volume & just broke a huge resistance, let's see if it can keep the momentum & break $58k.
Vechain should reach .25 by the end of November
Uh oh VechainVET looks really ugly right now. Just broke out of wedge and below horizontal support. More pain incoming IMO. PT is .11.
DYOR and GL!
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Vet LongSeems that Vet it going to the bottom of the channel which is in line with a nice zone and the .5 Fib. If a daily doesn't close below the channel id expect .20 and .25 cents.