Vechain bottom?Shittiest of shit coins but seems like good risk/reward to me. 101 sats is its all time low and looks like clear accumulation pattern around 102-103 sats. Could be a falling wedge at its potential 5 point of reversal with a fairly pronounced bull div on the Daily. Worst comes to worst we stop out at new lows.
Vetbtc
Can VET Pull A TRX?If we're going to see another cryptocurrency bull run, VeChain is one of those cryptos with a very active community and a strong price support. VET is something I've been accumulating throughout the bear market, and have increased my stack by nearly 500% since I first bought. I continue to occasionally accumulate through redistribution of other coins. In my last VET analysis, I said a move towards 130 and then 150 was possible. VET topped out at 158 (slightly above my target) and has since moved down to retest the 109 support.
This analysis is another example of why I use ETH ratios. Look at the VET/ETH pairing. Something I've observed time and time again in this market is how often traders use the ETH pairings. Just look at my recent BAT analysis (linked at bottom), and how I was able to predict that major breakout.
Based on the VETETH chart, I think we can expect a major VETBTC breakout as well if that 0.000045-46 area is breached. You can see a pretty large potential ascending triangle forming there. I may enter a trade if that happens, or simply add to my VET with some Ethereum. Perhaps I will even enter sooner. We will see.
I think based on fundamentals and analyzing price action across pairings for VET, it could make a seriously explosive move. The circulating supply of VeChain is close to that of XRP. That means that even if VET can be worth half of XRP's market value (I think this is certainly possible, based on their caliber), it could be worth as much as 15 cents in the not so distant future. This would mean that it could make an enormous jump, all the way towards the 2000 sat level, which would be nearly a 20X increase against Bitcoin. We've seen this happen in crypto before (think TRX, and even XLM in 2017). I fully admit, this is a bit of a "moonboy" fantasy.
Keep in mind, this is a bullish scenario, and it does not have to play out (this is certainly not financial advice). This is purely my opinion and speculation at the present time. VET can also have a major breakdown if investors lose confidence in holding the token. This could happen if the 100 satoshi psychological support is lost. Perhaps a quick stop hunt is possible as well, but it's a little more difficult with such a large token supply.
-Victor Cobra
$VET Gaining some momentum as a potential double bottom shows up$VET Gaining some momentum as a potential double bottom shows up...
Double test (bottom?) at 110sats support level
Trying to break above 120sats (neckline?)
Volume starting to grow again
Both RSI & MACD rising
UCTS Showing a buy signal on the 6H & 12H chart
#VET
Daily Bullish Signal $VET #VET #VETBTC #BTC $BTC (1 May)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
======================
My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
QUICK LOOK AT VET - WITHIN BUY IN ZONEVET is looking good to buy in within our zone. We see that this will be our third bottom and you know what that means! Higher chance for us to start bounce action next month and moving into summer. Don't be invested in this for more than 15% of your total portfolio.
VET-BTC DowntrendVET:BTC is currently in a downtrend. The Double Bollinger Band middle line has been rejected (closed below it) and now we saw a drop in price again. When it closes above the middle BB, I am more confident in a change of trend. Until then I do not advise to enter VET:BTC at this moment. However if you are a scalp trader, you can try to scalp on the shorter time frames by adding to your bag at the 2nd lower BB line and sell on the bounce (will be only a few % gain though). Might workout if you stick to your stoploss and sell target.
A close above the middle BB would be a decent entry for a longer term position (not intraday).
VET/USD - 4 Hour chart - Potential +50%VET/USD just completed the 4th sub-wave of the higher degree 3rd.
I'm expecting one more leg up to complete the 3rd.
f you've found this useful, feel free to donate. thanks.
BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
$VET update* Vet Summit next week on Apr 18th
* according to @Cointelegraph #VeChain is among 197 approved blockchain companies in China
* $VETUSDT - the price is on channel and 200MA support
* $VETBTC - the price made a pull-back and tested the initial breakout (my re-entry)
* price above Kumo
* golden cross about to happen in a fey days
#bullish
VeChain Challenging Resistance (VETBTC)(138% PP)Welcome to this updated analysis on VETBTC Let's get right to it!
VETBTC Targets:
0.00000133
0.00000147
This information is to be used for educational purposes only
Would be equivalent to a rise of 138% Therefore, if 0.0000147 can hold support line
A breakout above the trend line would cause ELFBTC to rally to about 138%
I expect to see a breakout to the upside.
For more content, be sure to hit that follow button.
TRANSPARENCY Strategy,
www.iiwowii.com
web.telegram.org
VET is basically free money.This is a beautiful and clean chart and that's why I'll let the chart do most of the talking.
So to keep it short and simple:
- didn't make new historic lows
- we had an accumulation range
- broke out of range on high vol
- first tiny resistance became support
It doesn't get more clean than this.
I'm targeting 187 sats (the 0.5 fib).
However you could play it more conservatively and aim for 167 sats.
Cheers.
VeChain- Can we break out?After #Vechains recent news & updates price is at our key resistance again. We need to break the Key resistance to confirm a bullish trend and the end of the sideways market. If we manage to break out this would be the targets to watch for! (Marked as T1,T2,T3)
Im no financial advisor