You Must See This - Analysis VETHi all,
I would like to provide an analysis of BINANCE:VETUSDT
We are currently trading above a strong support zone in the range of 0.037 to 0.039 . Moreover, we have established an uptrend starting around 0.015 .
Our initial goal is to remove liquidity from (x) and then test the resistance zone located between 0.060 and 0.068 .
You need to carefully monitor the stability of the support zone during retesting.
I'm inclined towards an upward price movement for the asset.
Vetshort
VeChain (VET) Cryptocurrency Short | Swing Trade | 20% DownsideThe Price has closed below the daily support on 8 May and has also retested the broken. support as new resistance.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
March deadline for Vechain. Do or die!We expected a sooner breakout for Vechain to higher levels based on the charts, but instead Vechain broke down continuing the downward trend to our lower support & final support. If Vechain breaches this last resort, all hope in this project will be dead.
It appears mid-march is the area of rebirth.. or the death of Vechain. Time's ticking.
$VET #Vehcain will meet 0.02 cents.
Vehcain is highly oversold in the higher times, especially on the 3D.
There's no other direction for it to go but upward. It's possible that it dips a bit more,
but at some point, it has to go upward. Because there's more room to go downward
with bitcoin, I believe there's a temporary push for some alts and bitcoin. Specifically with
Vechain, because it's highly oversold. It's likely that it will make a push to the upside to either
0.044 or either 0.060.. just for it to get rejected and head towards 0.02. It will meet 0.02
it just depends on where it gets rejected. Great opportunity to the scalp.
Remember don't FOMO, and always take profit!
A couple of different options for VET to take next week.I think both these options could easily play out, option 1 would take our 4th wave higher before we move down in our 5th. (if option 1 plays out then we would Need to adjust our lower end targets for wave 5.
Option 2 we go straight down to target levels to complete wave 5 and move on ups from there.
Option 3 would be that we just blast off to the moon and all my counts are wrong.
VET possible moves?So VET has been acting exactly as we predicted...
Right now where we´re standing is a key point...
If we go down we might see a price around .07 and a bounce of the trend line.
Then we could see a short consolidation or a move up to our price around .094-96 and if we break this resistance, we might see a new ATH.
It also depends on the 20MA because it has worked as a support/resistance line many times... So watch out for that.
But of course, there is a possibility that we will break the resistance now or later this week and we could see a possible move up as well...
I mean it all depends on how the BTC will move and also if more people take money away from BTC and buy altcoins... we will see...
But in a long perspective, I am 100% bullish on VET