VET IN GOOD LOCATION FOR A BUYVet is currently in a good location for a buy. Buying some in at support and would be adding to my position after the breakout. My stop loss is below the support to avoid stop hunting wicks
VET
VeChain Weekend 1h Chart PredictionLooking for a reversal as VET is approaching a recent and tested area of support
Market is in an oversold region waiting for double bottom to enter and go Long
VeChain - a different style post - enjoyVeChain 4hr Chart update using support and resistance lines:
VeChain is Below its 50EMA on the 4hr chart. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support.
VeChain is below the Bollinger Bands Middle Band Basis 20 Period SMA. VeChain needs to eventually close a 4hr Candle above this crucial level and turn it into strong support.
Both the Bollinger Bands Upper and Lower Bands are pinching inwards indicating volatility is still slowing.
Note that VeChain had dropped out on the downside of its Bearish Rising Wedge Pattern.
VeChain is testing the 1st Upwards Support Line. This is a very crucial support line and VeChain 110% needs to close a 4hr candle above this support line.
VeChain is in a new Symmetrical Triangle on this 4hr timeframe.
VeChain is still above its Volume Point of Control (POC) for this visible range. We need VeChain to close above this POC as it is a crucial support. On the VPVR you can also see the amount difference between the buying and selling trading activity for this visible range.
Volume has risen slightly and is now above its Volume 20 Period Moving Average. Hopefully VeChain can close this 4hr candle green.
The Relative Strength Index (RSI) is indicating momentum has dropped and is now slightly pointing upwards but be aware hat the RSI is a fast reacting indicator.
If VeChain manages to stay above the 1st Upwards Support Line and the VPVR Point of Control (POC) then we may see another attempt at getting above the Bollinger Bands Middle Band and the 50EMA. If VeChain drops below the 1st Support Line and the VPVR POC, the VET will possibly drop to the 2nd upwards support line. It’s looking hopeful that VET will stay above the 1st support Line and the VPVR POC, but note that it is also still dependant on what BTC does.
If you are uncertain as to whether or not to place a long, its best to wait until VET closes above the Bollinger Bands Middle Band Basis, 50EMA and the New Symmetrical Triangle Resistance Line and turns the ST Resistance Line into strong support for this 4hr timeframe.
I decided to post this chart differently from my usual style of Ichimoku Clouds, Pitchforks, CMFs ect ect, so i hope you have found this helpful with your Trading and Hodl-ing.
VET - Weak (As you asked)Honestly, VET doesn't look good at all.
It's pushing down the Bollinger Bands. Breaking Fib's support and also changing the 4H support to lower prices.
Again looking at the buy/sell volumes, we can see STRONG sell volumes on all platforms.
I wouldn't open any long positions myself. looks super risky and weak
Current Market Price: $0.1141
Good Luck
Tell me your ideas. Like and Share
VeChain - a 4hr chart analysisVeChain 4hr Chart update:
VET is still in the Bearish Zone of the Ichimoku Cloud.
VET is testing the Ichimoku Cloud Leading Span B (Senkou Span B) cloud resistance. Which is also where the Bollinger Bands Middle Band Basis 20 Period SMA is located at the moment.
We need VET to eventually close a 4hr Candle within the Equilibrium Zone of the Ichimoku Cloud, above the Leading Span B (Senkou Span B) resistance.
VET is below its 50EMA. We should expect strong resistance at this 4hr 50EMA level. VET needs to close a 4hr candle above this level and turn it into strong support.
Volume has increased with the Volume Bar above its Volume 20 Period Moving Average. Hopefully VeChain can end this 4hr candle green.
VET is above its Least Squares Moving Average (LSMA) for this 4hr timeframe.
VET is above both its Volume Profile Visible Range (VPVR) Point of Control (POC) and above its Volume Profile Fixed Range (VPFR) Point of Control (POC). VET 110% needs to stay above the POC for this 4hr timeframe.
The Chaikin Money Flow (CMF) is indicating accumulation has dropped from 0.08 to 0.07 but the CMF (Green Line) is still in the accumulation zone and still above its Least Squares Moving Average (LSMA) which is at -0.04. We need the CMF store stay above the Zero Line and in the accumulation zone for this 4hr timeframe.
The Average Directional Index (ADX DI) is indicating trend strength is sideways with the ADX (Yellow Line) at 25.53 above its 9 Period EMA (White Line) which is at 22.66. The -DI (Red Line) has dropped to 24.63 but is still above its+DI (Green Line) which is at 14.54. Notice that the -DI (Red Line) is indicating negative momentum had dropped with the =DI (Green Line) indicating positive momentum has risen but is now sideways on this 4hr timeframe.
You all know how strongly i feel about the future crypto giant VeChain, so any major dips n drops should be used to DCA & acquire more VET before it does and ADA and gets over that crucial $1 mark.
I hope this is helpful with your trading and hodl-ing.
$VET - Sellers dominating for now$VET double topped its ATH and is retracing on the FIB
Bearish ascending wedge created from its high looks set to fall off and test its bottom again for now.
We hold off re entry till that happens
$VET Bearish $VET is currently in a Short Term Bullish Descending wedge inside a larger Bearish Ascending Wedge.
I feel that $VET will come down to the $0.1233 mark and have a breakout to the $0.1408 before having the larger bearish Ascending Wedge play out with a move down to $0.0718. Hopefully if this does play out $VET will have a nice bounce or maybe the Ascending wedge will just not play out. Take Care.
$VET vs $BTC.D eminders:
1. do not enter without the confirmation.
2. set your stop loss if entering with leverages
3. set your conservative TP
Disclaimer:
a negative catalyst can change a bullish trend
trade at your own risk
Altcoin? Not until Bitcoin determine its trend.I had not been updating altcoins lately. This is because the trend of altcoins will be determined by Bitcoin. If Bitcoin is in a downtrend, no matter how bullish it is for the altcoin, it will still retrace and vice versa.
This is because Bitcoin hold the most dominance in crypto market. ALTCOINS FOLLOW BITCOIN TREND.
Until Bitcoin reveal its true direction, we are unable to give any prediction to the altcoins.
For now all we can do is just pay attention to Bitcoin.
Where is VET going 👇👆🤷♂️Just to keep track on my own investment ( im long and stacking )
So this is just to see for myself how its reacting ..
Are we going to have a break out for the upside or downside , i guess we will see.
If your not in and wanna trade this one, then wait for the break out or wait until you get your confirmation on the way its gonna go
Marttin
Vechain (VET) Breaks Out The Triangle And Ready To ExplodeHey friends hope you are well and welcome to the new update on the Vechain (VET)
Breaking out the triangle:
On 3rd of June, the price action of VET broke out the resistance of the symmetrical triangle on the daily time frame chart and now it is re-testing the previous resistance of the triangle as a support.
When to buy?
Even though it can be the right time to buy the VET while it is re-testing the previous resistance as a support but can be bit risky. To minimize the risk factor we can wait for the candlestick to close above the high of the breakout candlestick which is $0.1450 on the daily time frame chart.
The stop loss and the sell target:
Once you decide to buy then two points can be used as a stop loss:
1. The support of the triangle
2. The recent swing low before the break out which is $0.11.
The technical sell target for this triangle is $0.19.
Moving against the Market:
We can observe that Bitcoin is still moving in the triangle but on the other side the VeChain has ignored the market’s trend and broke out the resistance. Therefore, if the BTC breaks out the triangle then VET can produce more profit than Bitcoin.
Support and resistance levels:
After the recent drop the price action of VET has been bounced from the $0.08 strong support. There is also an additional support of 200 simple moving average on the daily chart just below the $0.08 and the price action also used 200 SMA support for this bounce as well. Now the price action is struggling to breakout the $0.14 resistance. After $0.14 resistance there are $0.19, $0.24 and $0.27 resistance levels respectively.
Conclusion:
The Vechain has broken out the triangle before the Bitcoin. Therefore incase of the BTC breakout it can be the top mover among the top altcoins.
VeChain - Time to BUY!Hey traders,
Everything is marked on chart!
Do not forget to use Stop loss.
Please like and share.
Thank you.
BTC UPDATE❗️Hey hey my friends 👋
Looks like btc was rejected at my "uh oh" zone
Breaking to the downsized of this symmetrical triangle then we look for supports along targeted lines to hold
My $BTC and #ETH charts are still on pointWe can see that my guess as to a consolidation zone for $BTC is playing out and the ascending channel on #Ethereum is playing out. I am long #ETH, #BTC, #MATIC, #DOGE, #UNISWAP, and #VET.
VeChain - Ascending Triangle Breakout on the 4hrVeChain 4hr Chart Update:
VeChain has broken out upwards from its Ascending Triangle.
VeChain is now in the BULLISH ZONE of the Ichimoku Cloud for this 4hr timeframe.
Notice that we have an Ichimoku Cloud Kumo Twist into a new Bullish Green Cloud for this 4hr Timeframe.
Notice how the Bollinger Bands Upper and Lower Bands are moving away from each other and the Price is Walking up the outside of the Upper Band.
VeChain is above its 50EMA and its Bollinger Bands Middle Band Basis 20 Period SMA.
VeChain is above its Volume Point of Control (POC) for this 4hr timeframe.
VeChain’s Volume has increased above its Volume Moving Average 6 4hr candle in a row.
The Chaikin Money Flow (CMF) is indicating accumulation has risen slightly to 0.11.
The Average Directional Index (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 27.6 above its 9 Period EMA (White Line) which is at 22.48. The +DI (Green Line0 is at 29.9 way above its - DI Red Line which is at 8.6. Notice that the =DI (Green Line) is pointing upwards and moving away from its -DI (Red Line) which is moving downwards.
The future looks extremely bright for this future giant of the crypto industry.
Here is a closer Look at the CMF.
Here is a closer look at the ADX DI.
I hope this is helpful with your Trading and Hodl-ing.
Vechain (VET) Retesting 14 Cents!Big weekend ahead for Vechain and the of the cryptocurrency market. We have very important resistances to break the first being $0.14 cents for Vechain. As of right now we're at the doorsteps of retesting it.
If we fail to break this we may have choppy waters ahead potentially going back down to below $0.10 cents in a worse case scenario but good if you want to load up heavy on more Vechain. We've been making higher lows that's always a nice sign. I hope nobody is sleeping on Vechain as this project is primed to be a $100 Billion dollar market in the near future. There is simply no other cryptocurrency addressing supply chain, data, and logistical issues on a global enterprise level.
We have have Bitcoin 2021 in Miami June 4th - 5th so we'll see how this conference affects the overall tone and sentiment of Bitcoin going forward. It is estimated that more than 50,000 people will be attending which is a record so we'll see if this will have a positive effect on the markets. I'll be there!
Much peace, love, health, and wealth. Stack crypto safe and hodl with grace =]
$VETUSDT Vechain entry PTs .067-.084-.13 Target PTs .18-.25DOUBLE TOP FORMING A DESCENDING TRIANGLE, MIDDLE OF SUPPORT AND RESISTANCE LEVELS
VET/USDT 🔫Hey hey my friends 👋
VET has a nice ascending triangle reversal pattern that we will be buying the breakout on
VET big move coming soon!!?Vechain has fully broken out of the descending channel and now in the past few days we are seeing nice momentum pushing the 0.3 FIB level. If you look at the RSI, we're seeing an approach to the 50. point, if we can see a full break of this level we will be in a confirmed uptrend and we all remember what vechain did at the beginning of march this year! Also looking at the MACD we see a buy signal put out the other day and now starting too see a confirmed bullish flip of the Blue and Orange MA's, plus looking like 2 green bars on our histogram and we haven't seen that in quite some time. I think if we see a bullish close today above the 0.3 FIB we have a good chance of gaining a lot of momentum to launch us to the 0.5 FIB and beyond. Not financial advice just my opinion ps. everything also depends on BTC
