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Vetbtc

Chasing next 50% pump coin: VET!?Hello Traders, I have been trading VET/USDT pair recently as the price action has been very predictable in 5 mins frame, and I believe that it is undergoing accumulation phase. Looking at 4 hour chart for VET/BTC pair, VET has been stuck in a very tight range for some time and both bulls and bears are desperately waiting for price action (at least I am). There is a very tight squeeze in bollinger band which support the volatility is imminent. (Even with recent Bitcoin bear breakout, VET/USDT pair remained fairly untouched which suggests the strength) In case of bull breakout, I will be swing trading purely based on support/resistance and key Fibonacci level. I believe that VET/BTC pair can go up to 244 Satoshi in the upcoming rally as the key Fibonacci level will overlap with the key resistances/supports. Stop loss: 190 Satoshi Happy Trading!!
by x45lu
Analytics VET/BTCThe asset is old according to market standards, it's already 3 years old. However, listing on major exchanges occurred only this summer. Because of the unsuccessful time to enter the auction, the coin almost immediately showed a minimum of 0.00000101, but quickly won back the position. The actual minimum is at the level of 0.00000176 at the moment. The optimal entry point is at the level of 0.00000190, i.e. now is a favorable moment for the opening of long positions. The coin has a great potential. So, on September 10, a transition to its own blockchain took place. The project launched a convenient and safe wallet, concluded a number of agreements with large companies in the real sector to implement blockchain into the economy. The coin is cheap and undervalued, this fact gives a reason to believe that it can show multiple growth. Through the fact that the listing occurred recently and the information for technical analysis is small, we can rely on the data of fundamental analysis mainly. We carefully follow the development of the project.
by ZOGRAS
Idea on vet and bias confirmation.So, earlier today we posted a small update with a bearish short term projection for our beloved VET. I wanted to present a small addendum with a different bias, drawn on a larger timeframe. Why? We want to consider multiple scenarios to confirm or falsify or bias either up or down. As you can see in above chart, a bullish projection on larger timeframes is still in play as of today. However, it can be observed that we are currently testing the bottom of that channel, and it would require a large move up to stay in around the median trendline. If this doesnt happen, and the price breaks out downwards of the channel, we can invalidate our bullish theory and add it to our bearish argument. Hope this was helpful!
by heuveldrie
Analytics VET/BTCThe asset is young, with an ambitious goals to introducing cryptocurrency and blockchain into the real economy. On the hourly chart, the first sales area is visible at the level of 0.00000208 -0.00000192. There have always been sales on a large volume in this zone. Opening long positions at this level is risky in the long term. The optimal entry points lie in the range of 0.00000173 - 0.00000167. Trading volumes are falling at this moment, volatility is low, so it is difficult to intraday trade. The next zone of active sales is 0.00000252-0.00000240, in the future it will become a strong zone of resistance. Due to the low price of the asset, the risk of losses increases, the stop-loss should be calculated in percent according to the risk management policy. There are no strong support levels.
by ZOGRAS
VET Update 2So, small update again, will keep it simple. RSI @50 (or at neutral, however u would like to interpret it) acted as a support but flipped to resistance around the red circle. Negative buying power just like my wallet. Macd moving down at accellarated speed, no crossovers to be seen as of yet. Overall bearish Short until the next fib line. @ 185 Ps dont forget: VET is a hard chart, why? We're missing the VEN part. Were still on a massive downward correction, entirely correlated with BTC. Keep it in mind! Trade safe!
Short
by heuveldrie