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!
VET
VETUSDT 1DThe uptrend channel was broken and could not overcome its resistance and the price fell
It took a while and the price returned to the channel, but due to the price action obstacles, it seems difficult to cross the channel.
A monthly resistance at $ 0.15 could be the next ceiling
Of course, the price does not have enough power to pass this price
And it seems to return to its support at 0.11
VET/USDT pair look great!VET/USDT pair is pretty....
- Stand above Fib 0.618
- Almost break the resistance level (yellow box area)
- Bull Flag pattern (blue box area) and great support level in the orange line.
- Weekly MACD candle changed to green
This is not financial advice. Just my point of view.
You're welcome to leave your comment if you want further discussion.
VETUSDT (1D CHART) - Cup and Handle PatternVETUSDT (1D CHART) Technical Analysis Update
Cup and Handle Pattern
VETUSDT currently trading at $0.145
Buy-level: Above $0.144
Stop loss: Below $0.112
Target 1: $0.174
Target 2: $0.213
Target 3: $0.249
target 4: $0.279
Max Leverage: 2x
ALWAYS KEEP STOP LOSS..
VETBTC Technical Analysis
⏳ Spot
💎 VETBTC after breaking above the resistance with several green candles is expected to go for a pullback and then go up again.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.00000255
☕️ TP1 0.00000295
🍺 TP2 0.00000305
🍻 TP3 0.00000320
🍾 TP4 0.00000335
🍷 TP5 0.00000370
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.00000230
Good Luck 🎲
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VETUSDT Technical Analysis
⏳ Spot
💎 VETUSDT after the breakout of the resistance will go for a retest and then again will go up. It may go to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.12300
☕️ TP1 0.14066
🍺 TP2 0.14700
🍻 TP3 0.15950
🍾 TP4 0.17000
🍷 TP5 0.20000
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.11300
Good Luck 🎲
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💡Don't miss the great buy opportunity in VETUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.12719).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61
Take Profits:
TP1= @ 0.14463
TP2= @ 0.16628
TP3= @ 0.19325
TP4= @ 0.21488
TP5= @ 0.25013
SL= Break below S2
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Vechain makes a bullish bounce!CHART OVERVIEW
VET/BTC - Weekly Chart - Binance
CHART DRAWINGS
On the chart are key resistance and support measured by the Fibonacci retracement. Also with the Fib circle tools, you can see where the price has found support and resistance.
ANALYSIS
Vechain has bounced out of the 0.5 Fib circle and from the 0.5 retracement line. This shows confluence towards more bullish action.
CONCLUSION
The week isn't finish but it would not be suprise me if Vechain restest the high of august 16th at 00000.305. Vechain was a powerhouse before the crash, fundamentals remain the same, no reason to not see a strong bull run coming soon, price action is indicating a breakout from this pivotal point of the 0.5 retracement and fib circle, the week is not over but as long as Vechain stays above the 0.5 fib line (0.00000254) the price is on the bullish side.
What do you guys think? Are you bullish or bearish?
*Disclaimer: Not professional financial advice, only invest based on your own research!
VeChain (VET) Is Priming to Break Resistance At $0.14 Cents VeChain is a pumper. It was one of the altcoins to experience a very heavy loss in May officially going from $0.28 cents to bottoming out at $0.05 cents in July. An eye watering 80% loss from its all time high. As of right now VeChain has been trading sideways from $0.11 cents to $0.14 for the past 3-4 weeks.
Currently we're oversold on the daily stochastic RSI and still have some run-up on the original RSI. I believe we can hit over $0.14 cents this month and flip this huge resistance in to support with all the positive momentum coming into the market. Once we break above the Fibonacci Level 0.382 there will be a great chance to run-up to the 0.5 level at $0.16 cents.
Also the Bitcoin dominance has been dropping which is good for some positive altcoin price action. VeChain is still fundamentally a very powerful cryptocurrency with virtually no competitors. The amount of partnerships VeChain has is vast and will continue to expand it's use case into many different industries. VeChain will do well in this upcoming phase in the bull market. If the chance presents itself again to get in at $0.10 cents or below it would be a nice level to add to the bags.
Support: $0.11 Cents
Resistance: $0.14 Cents
We're overbought on the 4 hour time frames to keep that in mind. Cheers! Much peace, love, health, and wealth!