Vetbtc
VET Perfectly Follows My V-Shaped Low!Quick update on VET. My bullish idea still stands. If the bull market is beginning (hard to ignore that this might be a possibility, for those still on the sidelines), given the strength of the VeChain, as well as its comparable token supply to XRP, I think we could see a really massive move for this coin. This means new highs are even possible. I know I'm being super bullish. This is speculation.
HOWEVER, in my previous analysis, I did outline what a potential V-shaped low would look like for VET. You can even see it on this chart, right where I drew it. I thought VET could get down to 70 sats, but it actually bounced earlier at 80. This was a liquidity hunt. Now the people who sold on the breakdown of 100 are forced to rebuy higher. This is why shakeouts often end accumulation ranges. The big guys already loaded up at 100 sats. There's no need to sell there. Maybe probably do another video on accumulation and shakeouts, but my first one is linked at bottom.
On the downside, if VET breaks back below 100 and volume starts to look worrying, my bullish view will change. For now though...things are looking pretty great.
This is not financial advice! As I said, this is speculation, and my opinion based on my own observations and feelings.
Previous analysis:
Analysis where I called the rise towards 150 earlier this year:
-Victor Cobra
VET/BTC descending triangle in a falling wedge.it looks like vet is stuck in the shortterm in a descending triangle wich would probbly break to the downside. (around 67 sats?)
but when we take the longer timeframe it looks like the descending triangle is a smaller play in a big falling wedge wich is coming at an end in the coming weeks.
most probbly we bounce of that 67 area, go up again with a huge breakout to the upside. (mainnet is getting active and there could be big news coming up too)
tell me what you think guys.
VETBTC Latest Technical AnalysisWe are doing Analysis of VETBTC on 1 Day Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
VeChain getting ready! 1D ChartHello guys, as you can see in my post we have been rejected by every EMA since the summit highs (160 sat~). Followed by a WXYXZ (Eliott wave theory count) downward trend there is consolation ongoing in an ABCDE triangle formation. We are currently trying to test the 25 EMA (turquoise line). If we keep holding above there are great chances to go for another attempt to the 200 EMA (Orange line). If we bull this time above the 200 EMA chances are high that we will perform more bullish movements and trends. Also we have bullish divergence in the RSI (14) displayed.
Keep the Fibonacci zones in mind (based on ATH and ATL) to take profits & make an entry decision.
1. = 338 Sat
0.786 = 283 Sat
0.618 = 240 Sat
0.5 = 210 Sat
0.382 = 179 Sat
0.236 = 142 Sat
Stoploss 80 Sat
Best of luck and stay stafe!
(Im no financial advisor) =)
$VET swing long$VET has not moved significantly yet in line with other altcoins, they usually move together. The general structure looks like this dip below the range is just a deviation and it will be confirmed once we brake back above 102 sat. On a fib retrace we can see 87 sat. has been acting as decent support no 1W candle closed below it, and 1D closed below then instantly got back above.
At 1W we can see it is near an ATL and the price has been around that level for over 3 weeks now, I would say this should expand soon.
At 4H we can see the box I drew is the body of a bearish candle from a previous low which has been acting as support, no 4H candle has closed within it.
I was tempted to take the trade at 87 sat. but I wanted to see some form of confirmation, the 1D close above that level was good enough for me.
#VET : Still In Bullish Trend For The Mid Term.#VET_Update
#VET is looking very bullish once again after our call at around 90 sats on May 27 is showing a good progress breaking out of the formed downward channel trend on the daily time frame. For now we might see some downward push downs which might further go down to the area between 98 sats - 100 sats for a testing of the line which was the resistance before the breakout and which becomes the support for the trend for now. By this we are expecting a huge formation of an extended 3rd impulsive wave in the mid term. Distribution targets are stated on our last idea.
$VET I like how this is looking...$VET I like how this is looking...
Double bottom at support level around 82sats
Volume looking nice
Massive RSI & MACD divergences can be spotted (both rising aswell)
Really nice room for movements at this level
Pay attention to that descending trendline breaking..
#VET