Everyone thrilled about VET but not meHello everyone,
Nothing serious here. I just see a possible correction hitting soon for VET but DYOR
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Vetbtc
VET Is HEREA lot of you may be expecting VET to be bullish.
The answer is YES.
However!
It needs to hover down to the support and stabilize to get a healthy bounce.
So I'm leaning short term bearish on this one but bullish if it can bounce off the support and down trendline.
Please like and follow!
I hope my chart helps with your decisions!
Another target for VET Previous ATHIt took us about 2 years of stacking VET as much as we could to watch this live trade, another 32% will bring us to ATH, and after that something around 0,036 is the fibo target which correlates with the previous old vechain chart before 1:100 changes in tokenomics.
Vechain price may drop sharply.Vechain is a quality blockchain project.
It is a project that is in cooperation with many companies and is suitable for the needs of the age.
The news that the Vechain team will participate in the World Artificial Intelligence launch in China; vechain over-priced its price.
Of course, it is important to make a vechain presentation against world giants leaders, but is it important enough to leave 2x profit? This subject may vary from person to person.
Here is the long-term technique of vechain price.
Red zones are horizontal and sloping trend areas.
The price of vechain, which could not exceed the red area, includes the potential for falling.
VET/BTC daily outlook 7/5/2020Good evening everyone and welcome back to my analysis of Alt coins. Im trying something new and today Im looking at the VET/BTC pairing. I pulled this chart up this evening and thought I would throw a fib onto it and start my normal analysis. But I already drew a fib on this chart and I guess it saved all this time. The fib is still very active and the candles are still respecting it even though you could probably draw a more current Fib. But for now this will do.
We have seen a lot of upward momentum from VET as of late. From 37 sats back on March 13th. All the way up to 159 sats where we sit now. If you simply bought at 37 sats you would be up 4x at this point. I dont really mess with alts much lately but I may have to start back up and spend more time trading. Im missing out on some good pumps. The thing is I see a lot of pressure at this price. The wicks are high above us showing the pump wants to continue but the selling pressure is just to high at this level at this time.
Now after a few more days we may see some more fireworks if this is a continuation pattern but as most things are on the chart this is all subjective and we will just have to see the way the market goes. A continuation pattern would be a pennant forming here after the big pump which would be the pole. Very bullish formation. But I have seen strange things in crypto trading called bart simpson patterns and that could also sneak up on us. You should be prepared for anything with alts. The dumps can show up fast.
Im not saying its all over for VET. I havent been watching the charts on VET so I am still cautious to take a position until I study it further. For now the pump is seemingly stalled so I will probably decline on jumping in at the moment. Maybe find a place for reentry and set a buy there. But I make good profit off my BTC trading so I am in no rush to jump into things. I just need to make sure I have the time to devote to trading like that. Its a full time job at some point. Not that I wouldnt mind making it a full time job but at the moment I have a regular 9-5 and I just dont have time to trade like I want anyways.
VET/BTC is very bullish at the moment but the pump may be over. The golden cross is in full swing but I would be cautious on entering here. People are taking profit at this level and It will take some real volume to build that confidence to push above 160 sats. If I were to enter a position here I would set a stop loss fast. I always do but this is a case where chasing a pump may not end in glory. But WTFDIK right? I hope you like the alt analysis. I will try to do more. I am taking requests and if you have one leave it in the comments. Have a good night folks.
Vechain possible $1 by OctoberYou have to remember that there are a ton of "gimmicky" projects in the cryptospace that have MASSIVE marketcaps that seem completely unjustified. We're talking marketcaps in the Billions for stuff that has no working real-world business relationships, and in some cases, no working mainnet.
So what does that tell us? That projects with REAL fundamentals, like VET, have the real long-term investment upside.
Now that we're done with the fluff, let's get to the meat of my prediction:
WAL-MART.
WAL-MART.
WAL-MART.
That's all you need to know, really. VET is correctly positioned to be the top choice in distribution logisitics, a $150 Billion dollar a year industry, and potentially revolutionize it -- offering deep discounts on tracking and tracing products, and far better reliability, trust and confirmation of where products are originating. Better for consumer, too.
This is what blockchain was meant for, and not gimmicky silly projects that could implode any day now.
VeChain VETBTC Long, Bullish, Inverse H&S, Ichimocku and moreI had fun with this one, the more I looked the more there was to find. This really does look very bullish…
Main points:
*Break of median line in a long term downward trending channel
*Break of neckline of massive inverted head and shoulders Pattern
*Breakout of 3D Ichimocku cloud
*Bullish weekly 3 white soldiers pattern forming
The chart above shows a break of the long term downward trending Channel Median line:
Targets: 150- 160sat in confluence with the 3rd wave (Orange) shown in the road map below and the 0.5 Fibonacci retrace level of the last major move down from 272sat to 34sat shown above.
Road Map:
Wave 1: 110sat
Wave 2: 37sat
Wave 3: 160- 180sat
Wave 4: 113- 126sat
Wave 5: 189- 203sat
Elliott wave count suggests that we are in the 3rd wave ( shown below in Purple) of the 1st wave (White) of the 3rd wave(Orange). The target for the high probability zone of the 3rd wave (Orange) is 160 sat but the count on the 4h time frame (Purple) shows it could overshoot this target. A retrace to the high probability zone for the 4th wave (Orange) would put the price at 113sat, close to retesting the prior resistance at 110sat. Note this count is invalid if wave 4 breaks the high of wave 1 at 110sat. The final projection for the 5th wave at a 1:1 projection from the first wave is 189-203sat. The 5th wave target is also in confluence with the golden zone (.0618- 0.65 Fibonacci) of the last major move down. You couldn't make this stuff up if you tried!
Short term shows heavy resistance at 88 89 & 91sat due to the 0.707 Fibonacci level from previous high and the projection for the 3rd wave (Purple); 1.618 - 1.75 Fibonacci level taken from the proposed wave 1 and projected from the low of wave 2. If this is a 3rd wave we can expect a retrace to the 0.382 level, and retest of the VPVR high volume node at 69- 71sat before a continuation. This would also be a retest the median line of the channel shown in the 3D macro chart.
4h (Purple) Roadmap:
Wave 1: 64sat
Wave 2: 44sat
Wave 3: 88sat
Wave 4: 71sat
Wave 5: 98sat
Support, resistance and VPVR high volume node:
A break above 92sat will clear the algos out as the price enters a low volume area, this should allow for the price to test the 110sat area (former support and resistance of previous high).
Head and shoulders:
There has been a break of the neckline of a massive head and shoulders pattern formed over 20 months. The projected target for this breakout is 160sat, in confluence with the 3rd wave (Orange) on the macro.
Bullish 3 White soldiers pattern forming on the Weekly:
Ichimocku Weekly
Resistance in confluence with Wave 1 (white) projection:
weekly
Ichimocku 3D
Confluence with wave 4 (Purple) retrace:
Never Trust. Verify.
DYOR . Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
VET Resistance 153- 160 sat, H&S Target, Edge of Channel, Short Target for inverse H&S almost reached. Approaching edge of channel in confluence with the 0.5 FIB & the 3rd wave 1.618 projection (see linked ideas below)
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
VET - adder in the storm Hey everyone!
As you can see linked with this idea, there is already an open long position on VET.
Despite that fact, I could not resist to add on this dip and retest of the 89EMA - could have been early but once it flies, it's too late.
So would rather take the risk of the loss than let such a good opportunity go by.
Take care,
Vlad The Crypto Trader
VET/BTC (Approaching Weekly Major Resistance)VET/BTC
-the weekly candle is looking bullish
-if you are a Short trader
-I'm pretty sure you are waiting in this area
-if a reversal is confirmed
-entering a low leverage Short is ideal
-you will try to capture the large swing down
-it will take some time before it gets here
-so be sure to add it in your watch list
VET/BTC Can Vechain keep it up and break through?If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave.
It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the price is holding above the Kumo Cloud.
The main thing to look for is if it can break the historical resistance marked with the dotted line, on a breakout of the triangle. The probability whit this pattern is in favor of a bullish breakout but a strong horizontal resistance is always a level to take into account.
If it breaks that resistance it should give it a good boost and then the upside could be very positive.
VeChain Might Retrace Before More Bull/Green (Trade Inside)Here we have the chart for VeChain (VETBTC)... We are likely to experience a retrace before additional bullish action.
If the red marked area is taken out right away, we can expect this pair to continue growing.
We are charting this pair on the request of one of our supporters...
Additional details can be found on the chart.
You can find the full trade below (multiple targets hit)
Thanks a lot for reading.
Namaste.