VET - Wyckoff Method -6 hourbased on the Wyckoff Method, you can see that we are in Phase C of accumulation.
the "spring" period misleads retail traders who believe a price breakdown and a lower-low are imminent.
Test - The Composite Operator test the price for the last time. If there is a considerable amount of supply, the market is not ready to "take-off" and test may be on the way.
We will need to break the Last point of support, which is resistance at the current price
Once we break the All-time High, we should expect the price to pump towards .30 cents for the first target.
I will update once i get more information after breaking the first resistance.
As always:
Do your own research
Do not trade on emotion, execute logic and willpower
Question the trade, Entry Points/Exit Points, and question your greed.
It is a game, do notlet it play you.
Buy safe entries, never buy FOMO pumps. Safe entry points are unlikely to get retested and but are insanely profitable.
Cut your losses quickly -5%, hold if worse than that. Better yet move money into a different coin you are currently holding.
Keep gains bigger than losses and you will succeed.
Buy the rumor, sell the news
VET
VET Consolidating, where to next?Vechain update:
Daily & 4 HR remain bearish at the moment, but from a TA standpoint it looks like we may have found our support here. This would complete a triple bottom and indicate a reversal to the upside. Looking at he 90min chart we see Cypher B indicator in Panel 2 showing some bullish activity.
Rule of thumb:
-PRICE ACTION FIRST, THEN INDICATORS: at this point in time I would not call a bullish reversal until price action breaks through the waves of cypher A and flips from gray to white. Those EMAs are our nearest resistance with the FIB levels to follow. .20 is our battle ground, break above we're bullish, a rejection would entail another retest of our nearest fib support. For more details or my play by play, feel free to comment and ill get back asap. Personally, I am perpetually long VET as I see this changing and being the future global logistics blockchain integration.
VETUSDT is preparing to launch to the moon!After news that made VETUSDT fail to make a Head and Shoulder pattern, VETUSDT made a big retracement, to the second-lowest Trendline. It can be seen that even though VETUSDT made a big retracement, VETUSDT is still in Bullish Trend, and it can be seen that there will be Head and Shoulder coming up tomorrow or the day after tomorrow. So, let's get ready to board this rocket before I have successfully predicted that ADAUSDT will go to the moon, so let's go VETUSDT, as one of the most promising coins with low carbon emission, FLY TO THE MOON. The rocket will go to the first target shown by the orange line. After that VETUSDT will continue its journey to the moon.
VET DAILY TRADE #21 -> Lets be patientVET is in a downtrend on most timeframes, large and small. The time to short was .19
.18 seems lower odds of a place to bounce. You would want more retrace, .17 or .171 seems a logical place to bounce.
My take on BTC is its trading sideways bearishly, I'm seeing 48k to 46k soon. Thus the only 2 trade ideas I have is wait for .156 to .158, or play the breakout retest if it goes up.
As I touched on, there is a chance of a bounce at .171 area, around that 618 fib, but I dunno what strategy you can build around it.
Patience is the name of the game here. I would also stop accumulating. BTC is looking really weak. Wait to see how BTC bounces at lower levels before accumulating more. Likely you can get an even better price.
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VET DAILY TRADE #20 -> Minor breakout retest entryVERY HIGH RISK - STOP LOSS ESSENTIAL (WHEN ISNT IT ESSENTIAL??!!)
VET has formed a very minor ascending triangle. Suggests potential for a minor breakout that could see a pump to around .215
BTC has broken a minor resistance and looking to close on the 4H, that candle is coming about 40mins or so after I post this idea. A good trigger to buy here may be BTC 4h close above 50k, around 50500k close.
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ENTRY
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BUY: .187 - .188
TARGET: .215
STOP: .179
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VECHAIN | CURRENT STATUS | LIVE UPDATED*We will update this chart daily.*
VeChain is currently (at the moment of speaking) trading at 0.188714 dollars.
We just got a correction that was needed to keep the upwards movement. The correction was caused by Bitcoins correction caused by Elon Musk tweeting about not accepting Bitcoin as Tesla's payment because of the huge energy consumption when mining Bitcoin.
But Elon also said that it will do research to let Tesla being paid with other altcoins that have less than 1% of the energy consumption of Bitcoin. This is very good for the market in general. I think Bitcoin can be heading to 100k from now on.
This was one of the corrections I was waiting for.
Tesla will probably choose one of those as new payment:
ADA (Cardano)
XRP
Doge
LTC
EOS
I think doge has the biggest chance of being used because Elon also added a poll on Twitter that was asking if Doge should be used as payment with a 76% answering yes. But silently I hope it will choose ADA :)
Enough about other coins than VET :)
We just broke the resistance of 0.185 dollars. I hope it can close today above this resistance (then it will become support). The next (small) resistance will be 0.2032 but we saw in the past that it easily breaks this resistance/support so I am more looking at the big resistance of 0.2211.
On MA exp Ribbon chart we can see that volume went down and is ready to move up again and on the MACD chart we see that the 2 lines are crossed and is a bullish or upwards signal. If we break our support now we will go down back to 0.1631.
Don't have fear and sell vet, we just had a huge opportunity to buy VET at cheap prices and are ready to start the upwards movement. If we reach 0.2211 in the short term it will be a + 17% so don't panic.
Good luck!
VET - Looks Strong (As your asked)VET looks very strong.
It's getting support based on Fibonacci, Lower Bollinger Band and also the Static support areas.
The price might go into consolidation or a little correction but once it crosses the resistance areas, you can open your long positions.
Don't forget that you have to wait until we get a 4H confirmation above the resistance area.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
VET - 12h. In a step before a powerful fall wave?Hello everyone. For almost a month, the VET market continues to consolidate, in which market participants are trying to gain positions before the next impulse. The main question that arises for us is in which direction will this powerful impulse , which is about to begin to emerge? On the one hand, we see a powerful wave of growth, after which a shallow correction began. This fact indicates a high probability of the continuation of the growth trend.
However, if you pay attention to the history of the VETUSDT price movement, you can see a similar situation in February 2021. On the chart, we copied the fractal from this segment of the chart and transferred it to the current situation. As you can see, this scenario looks quite realistic. In addition, if we build a global growth channel, from which the VET price jumped out in April 2021, we see a likely collapse of the VET market can stop at the lower trend line:
If we look at the situation and ignore the fractal, we see that the VETUSD price is preparing to exit the triangle . The lower trendline of the triangle also serves as the trendline of the growth channel, which buyers have been holding since February 2021. The current wave of growth, within the triangle, is happening without much enthusiasm from buyers:
This can be seen from the trading volume and the growth pattern. The breaking of the lower trend line of the triangle will trigger the triggering of a large number of stop orders of buyers who bought VET during the previous 2 months. This volume of long positions, which starts to sell at the market price, could trigger a powerful wave of decline with the first stop at $0.17.
If the triangle is broken upwards, we will wait for the retest of the mark of $0.22 . If buyers after the breakdown of the triangle upwards hold this mark, this idea will become irrelevant and it will be necessary to buy VET.
P.S. Our previous idea for Vechain had two scenarios. So far, buyers have failed to implement a positive scenario.
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VET DAILY TRADE #19 -> keep calm and accumulate!If you don't have the money, STAY OUT! ONLY ACCUMULATE HERE IF YOU CAN AFFORD TO!
We are at the 50K Niagara falls cliff edge, staring down at the bottom and asking ourselves, "Is 50K now the top? Will we ever see 64k again? Is this the end of the bullrun?"
Nobody has a crystal ball, I don't know what can happen here. News and sentiment is currently moving the market. In these cases I can do TA up the wazoo but its not gonna do much. Technical analysis warned us we could come down here, but the TA doesn't necessarily tell us about 46k, or any further moves down. The TA doesn't warn us of the complete drivel that Elon excretes from his deplorable orifice some call a mouth.
It takes serious cajones to buy here. It takes conviction formed from research and hours put in. It also takes disposable income!
The best entry was timing the dip, which is hard, .17 and .165 was the play. But that's done and dusted and here we are. If you believe in us ranging in a channel of 50 to 60k, you buy here. Accumulate.
It may also be worth waiting 24 hours and see where we end up.
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VETBTC - 1d - UPHi,
New post on VeChain.
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FA = TOP
WALMART CHINA launched the 'Walmart China Blockchain Traceability Platform'.
Running on VeChain, over 50 different product lines are tracked using IoT and blockchain from source to the retail stores (source).
BMW already uses Vechain for their 'BMW Startup Garage Program'.
VeChain is now also developing 'CarVerify' together with BMW.
PwC has a program running on VeChain as well.
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TIME FOR TA NOW
I AM BULLISH
25th of April: VET closed @ 342 with RSI 57
10th of MAy: close @ 363 with RSI 53
Higher lows and lower RSI
REVERSE BULL DIV
EMA 20 held as support
this prognose is for approximately 1 week from today 11 May
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cheers
GOOD LUCK 🍀🍀
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NFA
DYOR
VET DAILY TRADE #18 -> High Risk Wednesday!Todays trade is VERY HIGH RISK
I see a trend line here that is prime for being broken. Todays trade is short term, in and out, likely to fail. You are betting on BTC ranging and trending upwards to 58k in the next 4 to 8 hours. Also betting on VET slightly overreacting to any BTC bullishness.
In this recent uptrend I don't think VET has been particularly bullish, just religiously following BTC price.
Its possible that even if BTC ticks all the boxes for this trade, that VET may not even hit .223
High risk mild reward... lmao
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ENTRY
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BUY: .207 - .209
TARGET: .223
STOP: .2
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--==--==--==--
Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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