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VET

History repeats itself Many are wondering why Alts Dominance is rising while BTC was dumping this week. Well, we are at the end of the bull run, last 2 bull runs ended on the 2 of December and 18 of December respectively, so where do I think it will end this time? After the 18th of December! Yes, the stock to flow model does work and history does repeat itself, specially when we talk about BTC. Just like Gold kept its fundamental over hundreds of years, BTC will as well, because it´s just like gold after all, one could keep gold in their homes and hide from the government, that happened many times in history where during crisis people would convert all they had in gold and hide. (I am not saying you should hide your BTC from the government). But what is happening now? Our money is worth less everyday, our hours of work pay us the same. People are seeking protection, and when they understand that the volatile market is the best protection they can have over years are they gonna leave their assets in FIAT money? I don´t think so.
CRYPTOCAP:BTC.DShort
by ViniciusBaccelli
2
VET Back in the descending triangle - Wait for the breakout!Here's a quick look at VET 6 hr chart. As we can see, the price broke out previously but has now broken back into the descending triangle due to the Bitcoin crash. The price is now in the descending triangle and the idea is to buy when the price breaks back above the falling wedge . The best entry would definitely be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedgel and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone 1. 0.137$ 2. 0.147$ 3. 0.154$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
4
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later. VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line. VET is below its 50EMA on this 4hr timeframe. VET is below its 200EMA for this 4hr timeframe. At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum. VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility. VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected. We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength. The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum. I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity. I hope this is helpful with your Trading and Hodl-ing. Notes for those who don’t know: LSMA = Black Squiggly Line on chart 50MA = Yellow Squiggly Line on Chart 200MA = Red Squiggly Line on Chart Bollinger Bands = Green Bands on Chart Pitchfork = A,B,C Pattern on Chart VPVR POC = Long Horizontal Red Line on Chart VPFR POC = Short Horizontal Red Line on Chart Volume Bar = Bottom of Chart Volume 20 Period MA = Orange Line Going through Volume Bars
BINANCE:VETUSD
by TradingThroughTheLens
1
VET/USDT Next Targerts!!!BINANCE:VETUSDT Hi guys it's me dani i'm here to share with my new prédiction of VET , this coin is bouncing upwards in August 14th VET cross up the MA 128 and today we confirm a new Bullish run , i set a buy here with 5% of my total bag and i will 25% in each TP ( we have 4 TP) and for STP i will fix it in 25% to protect my wallet in case the market goes down . i hope this trade will help to increase your wallet and don't forget to follow me and share my idea with freinds/family it's free and i will be very thankful . Good Luck
Long
by DaniiCrypto
VET on the move for new all time highs soon! Target Min 30c!VET on the move for new all-time highs soon! Made some nice gains already today on VeChain, I see this baby continuing to go up for the remainder of 2021 with a wave 5 target between $1 to 1,40 by end of the year. I am trading this in the short term and have these targets over the next 4 to 6 weeks: 1. 19c 2. 24c 3. 34c (possibly up to 40c region depending how much fomo this gets and should Bitcoin breaks out to new highs) STEP 1 ->>>>>>>>>> The next VET objective is to break above its 6 Aug high of 14,4c and then this should rally to 19c in no time, expect a decent retracement then with much profit-taking as a lot of traders are looking at that level. STEP 2 ->>>>>>>>>> following a break about above 20c we then expect to see the next consolidation at all-time highs between 24c to 28c. Sell any tests of the higher end of this range. A good risk-reward target is therefore 30c and then I would look for a more sizeable couple-week retrace before entering again for the next leg up. As long as bitcoin plays the game VET will outperform bitcoin for the rest of 2021. Good luck traders and remember to DYOR!
Long
by davy101
2