VeChain's key levels of support and ressistanceHello, and thanks for reading into my analysis,
I'm not a fan of writing but I will try to explain this as simple as possible.
Every price chart has areas where the price is either being pushed to the upside or pushed to the downside. In this chart, I marked the areas of price confluence in 6 key levels + level 0.
This means I marked potential areas of support and resistance.
Key LVL 6 = First resistance showed up at 337 Sats.
Key LVL 5 = Acted as resistance as well and has been sitting at 273 sats.
Key LVL 4 = was a sign of weakness which touched the 209 sats mark before we got a hell of a drop.
Key LVL 3 = acted the first time as support in the history of levels and led to a pump all the way to LVL 5 before dropping again to key LVL 2 which was one of the most hurtful drops in this downward-direction trend.
Key LVL 2 = was holding nicely as support until we tested KEY LVL 3 again and failed at 104 sats (that was the most hurtful drop (-80%)
Key LVL 1 = Sitting at 30 sats, is acting as the strongest key level so far but we got rejected once we tried to break key level 2. From here on things get very interesting, it seems like we are consolidating in this key level area to eventually break to the upside.
Key LVL 0 = Has never been touched so far and is the last key level. (let's hope it stays that way)
EMA:
The EMA's I use are the 25&50 EMA.
50 EMA (yellow) has been acting as resistance for now.
25 EMA (green) has been acting as resistance as well but got flipped into support as we tested key level 2 and now is looking to flip into potential support.
RSI (14): Is creating Higher highs right now, the market seems to be interested in buying.
Volume: The volume MA is growing as time passes by which is a great sign overall
Fun fact: From all-time low to all-time high we have 917% to gain
Greets,
Doctor Pleb
Vetbtc
#VETBTC ANALYSIS.. In the #VETBTC daily chart; We observe that the T3 curve and Vortex form the BUY signal, we can say that these two indicators work well together from past to present in #VETBTC.. Ma50 is important resistance, must be followed carefully.. For those who love risk, I think # VETBTC is worth watching..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
VET/BTC 1D (Binance) BullFlag on midline support & falling wedgeVeChain is moving inside that descending parallel channel for 6 months now, better be prepared for next move-up.
On lower time-frame, we can also see a falling wedge forming, this is a clear bullish pattern.
I'm expecting a breakout sooner or later, patience is the key don't forget about that!
Buy Entry= 0.00000047 - 0.00000045
Take Profit= 0.00000054 | 0.00000065 | 0.00000082
Stop Loss= 0.00000036
Risk/Reward= 1:1 | 1:2.22 | 1:4.11
Expected Profit= 20.00% | 44.44% | 82.22%
Possible Loss= -20.00%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Double Bottom formation on VETBTC & Triple Bottom on VETUSD ?VET is in a clear downtrend channel but Sellers seems to progressively lost influence.
Last months movements show clear indecisiveness and looks like an accumulation area.
Many BTC pairs starts showing bullish signals. Maybe VET has found his favorite figure for (Holders and investors should probably look at)
- Support line formed close to 0.854 Fib retracement
- RSI divergence
We should know by August/September. Lets see !
VET ANALYSIS: LONG THE BOTTOM!VET ANALYSIS:
VET broke thru all major moving averages and finally bottomed out inside support. One low hanging wick went all the way down to 37 sats was quickly eaten by buyers. The wick showed buyers are present and ready. The reversal looks to be holding well. A long entry inside the range of 40-48 sats is ideal. Future take profit zone starts at T1 of 54 sats, followed by T2 at 60 sats. I expect to see major resistance as VET nears the daily resistance just at and above the 200MA. Until then, lets ride the wave up for profit!
Possible Entries: 40-48 sats
VeChain Trade Crypto Signal [VETBTC](311%) AlanMastersI haven't shared a trade signal for VeChain (VETBTC) for a while now...
This is a favorite of many and the chart is looking bullish with high volume, strong consolidation and prices now trading above EMA10.
Below we have the full trade numbers...
==================
VeChain | VETBTC @AMC1REGBOT
BUY: 0.00000050 - 0.00000056
NEXT SUPPORT: 0.00000044
TARGET:
1) 0.00000072
2) 0.00000082
3) 0.00000095
4) 0.00000110
5) 0.00000125
6) 0.00000135
7) 0.00000150
8) 0.00000195
9) 0.00000222
STOP: Close weekly below 0.00000037.
==================
Thanks a lot for reading.
I am hoping that you enjoy this trade and collect huge profits with it.
This is not financial advice.
Make sure to do your own research before buying anything.
Take your time before buying any altcoin.
If one opportunity goes away, another one will come and takes its place.
Each one of us is responsible for his/her own actions.
Thanks a lot for your continued support.
Namaste.
VETUSD weekly 300% gains (NEW)before we kick start the update. your upvotes/subs are appreciated.
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So without further due. Keep it short/simple and to the point.
VETBTC weekly 300% gains (NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
Ok guys, how are you doing today? This is VETUSD
weekly chart (bitfinex) we got in spot light right now.
Potential/speculative falling wedge setup on weekly.
strong bullish pattern.
based on measured move projection 300% upside.
keep in mind this is BUY/HOLD setup, no miracle
overnight gains.
recommended strategy: accumulate, best reload
zone for bulls is highlighted on the chart,
however not guaranteed that this area will
be re-tested. pretty much BUY any dips and
hold it for a while. Gain will follow.
good luck traders!
get subbed to stay tuned for all the latest updates.
also add likes to support my efforts, thank you.
PS: performance is not guaranteed. this is a speculative
setup. always do your own due dill. use tight stop loss.
First higher lowAre we witnessing the first higher low for Vechain?
now we are looking for the first higher high.
Do the Math
LONG - VET - Trading OpportunityPerfect retest of the MA50 along with the bottom of the ichimoku cloud for BINANCE:VETBTC , which in the process created a bullish divergence.
Entry: 0.00000047
Target 1: 0.00000054
Target 2: 0.00000060
SL: 0.00000045
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VETUSDT Recovering From All-Time Low [BULLISH SCENARIO]Vet has struggled massively over the last few weeks. The general cash pull-out based on COVID-19 caused the price to drop to unseen lows. After the overall markets and BTC have recovered temporarily, I foresee a bullish scenario here on the 60m for VET based on technicals.
There have been two import horizontal areas here, for which both have S/R flips. The current horizontal resistance is important for VETUSDT. It seems that the bulls are attempting to break through this horizontal resistance, and I expect that after a small retracement the price will continue in an upwards trend. The old zone of resistance will act as a logical spot of support, which will push the price up from its all-time low.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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VET/BTC TA Update (good bounce play?)VET/BTC
VET must hold a price level between 47-34 sat levels in the coming days or week to keep this bullish setup in play.
VET bounces off at previous key support level and if this second time around will trigger a good buying opportunity,
the price could rally back up to 64 sats before facing strong resistance trend-line.
To invalidate this bullish analysis, if the price closes below 34 sats,
it will negate this current market structure and longer consolidation is likely to happen.