VET-Vechain Bullflag in the making Vechain forms a beautiful bullflag. The price target is around 0,1485.To enable the breakout, two lines must be broken.
first resistanceline is the geenline in the bullflag.
second resistanceline is the yellowline this line is more important.
The line has been around since April,20,2021.In the last few months there have been several attempts to break the line
if we break and hold the line upwards. The next price targets in next weeks are 0.1411 and 0.1531.
It would also be possible that we would be dismissed from the yellow resistance line again, if that happened the next price targets for the blue support lines.
Please tell me your opinion
and if you like it, give it a thumbs up
Vetusd
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.12041).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.12774
TP2= @ 0.13232
TP3= @ 0.13913
TP4= @ 0.14572
TP5= @ 0.15294
SL= Break below S2
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Trend reversal pattern in VeChain* VET in 4H time frame appears with Inverted Head and Shoulder pattern and it's neckline as resistance around $0.125.
* Inverted Head and Shoulder is a trend reversal pattern occurs during the bearish market
* If the price breaks the above resistance we expect the bullish move.
VET It's time to pay attention for this breakoutVet is working towards breaking out of its current pattern by the end of the month, and looking to set a new ATH around mid November. This timeline could be accelerated by BTC and ETH pumps that have already started.
I am looking for VET to set the $1 ATH in December, and if we have a super cycle, VET will probably run to $2+. If you missed Cardano at 5-10 cents, vet could make the same run.
VeChain - 1 week chartYes…….. VET is still in its massive Symmetrical Triangle pattern.
VET is back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1w timeframe. A very good sign will be if VET closes this weekly candle above its Bollinger Bands Middle Band.
Note that the Upper Bollinger Band is moving sideways and the Lower Bollinger Bands still moving upwards with a slight sideways slope indicating we may see sideways consolidation and a potential BB Squeeze or Pinch on this 1w timeframe.
VET is still safely above its 50EMA on this 1w timeframe.
VET is still safely above its Least Squares Moving Average (LSMA) for this 1w timeframe.
VET has found some resistance fromm its ascending dotted resistance line.
VET is just below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 12 weekly candles that i have selected.
Volume is still relatively low on this weekly timeframe and note that the Volume Bar is still below its Volume 20 Period Moving Average.
The Moving Average Convergence Divergence (MACD) is showing that the MACD Line is still under the Signal Line but note that the Red Histograms are decreasing in size slighting. Note that the MACD Line is still above the 0.0 Base Line in the positive zone.
The On Balance Volume (OBV) is indicating a nice rise since the 20th Sept, note that the OBV Line is very close to crossing back over the 9 Period EMA Line. It's not set in stone but we should not be surprised if we have a big move up on this 1w timeframe if the OBV Line Crosses back above the 9 Period EMA line.
For your viewing pleasure i have also added adjusted Support and Resistance areas of interest, shown as black parallel lines with yellow shading.
Note that VET is still in a LONGTERM UPTREND. This will NOT change unless VET crosses under and fails to make it back above its Dashed Ascending Trend-line.
All in all VET is still looking great and still within its Symmetrical Triangle. If VET stays above the Bollinger Bands Middle Band on this 1w timeframe then this could be a good spot to accumulate more for the longterm before a potential breakout to the upside. I still wouldn't get excited until VET crosses and successfully closes above its Symmetrical Triangle Descending Trend-line.
I hope this is helpful with your trading & hold-ing.
VET - is going to break this trend line🚀🚀Most coins show the same pattern on the graph. Almost all altcoins are near the trend line . A break or retest would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VET/USD ChartWhat a day for crypto, the total market is up 8.5%, and my previous BTC prevision is starting to make sense (check it out, I might post another
BTC chart later). Vet is up 20% today, so it might get a drop in a next few days, but the predictions are still very bullish. A new ATH seems umprobable because if the market starts to get overvalued coins like VET will be sinking. Being greedy with profits is never a good thing. If your plan is to hold for +5 years the trading perspective doesn't really matter right now, but for a mid-short term investor a 2-5X your inicial investment in VET is so good so just take the profit before the next bear market. Keep in mind that I'm not a financial advisor, and that just my opinion. Comment, like and follow.