Vetusd
Cup and handle forming, bounce off trending supportCup and handle pattern is forming on VET, we can see the handle forming now, with a bounce off two support lines (trend line & .5 fib). We do have .618 resistance line that we haven’t been able to break through. If pattern pushes us through, we could see new ath soon!
VET - Looks good (As you asked)VET looks like it's trying so hard to break resistance.
If you're into opening long positions, wait until a breakout first. it happens after the closure of the first 4H candle above the resistance area.
After that conformation open your long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
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VeChain (VET) - May 2Hello?
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(VETUSD 1D chart)
You should watch for any movement that deviates from the 0.19129250-0.25429895 segment.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to make sure you get support in the 0.17029034-0.19129250 range.
If you go down at 0.17029034, you need a short stop loss.
If you go down from the 0.12828604 point, you can touch the 0.09410614 point, so you need to trade carefully.
If the red of OBV on the volume indicator does not increase, it is expected to maintain an upward trend.
In the CCI-RC indicator, it remains to be seen whether the CCI line breaks above the EMA line.
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(VETBTC 1D chart)
We have to see if we can get support and climb at the 350 Satoshi point.
If it falls, it remains to be seen if it can gain support in the 316 Satoshi-350 Satoshi section and climb along the uptrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Expect Big Vechain Move Soon!Vechain has been moving sideways for a little bit now and i believe we are going to see a very big run up in the near future! Vechain is currently looking to breakout of a wedge, we are getting very close to the apex of the wedge and I think we will see a break soon. We are getting great support from the Ichimoku cloud, we are still seeing thicker clouds being printed and I think we are going to continue seeing it! Aswell we are seeing great bullish momentum from the EMA ribbons, we are starting to see some spread on the ribbons with 0 signs of slowing down! Our MACD has recently flipped bullish and I believe once we see a breakout of the wedge I think we are going to see a very strong push up possibly up to our 0.2 FIB level! Very bullish on VET overall, Not financial advice just my opinion!
VTHO - VeChainThorTHOR!!
Here is a quick technical analysis of VTHO a few things I can point out using the indicators the standard indicators on here. I added RSI to point out one level there.
*This is a 1 day time frame and these indicators and will change if you are looking at hours or so on and want to make day trade movements.*
First, lets look at RSI 14. Notice that whenever we rise above 60 we generally make a significant jump. I have circled this on the RSI line. We are edging up closer to that 60 as we speak and will be interesting to see if the same thing happens. Current RSI is at 52.
Also, I have indicated a few levels of support/resistance (within range, give or take a few). It looks like we hold really nice at .0175, however below that is .0147, or .0138. Above we look to break and stay above .0199.
If you are not familiar with VET, I encourage you to read the white paper here:
www.vechain.org
Also, VTHO and it's future... for more information please see:
medium.com
THANKS for reading! Like if you Like!
Happy Trading :)
Much Love
DustyPH
*all comments are welcome*
VET/USDT is about to increaseHi every one
VECHAIN / TETHERUS
VET/USDT is about to do a bullish movement because it is in a symmetrical triangle and the triangle is about to break and the expected movement will be as much as the measured price movement (AB=CD).
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
VETUSDT - Can uptrend resume?Nearing resistance of 0.206. Should be able to clear red trend line. Market seems good and thus it can test resistance(violet) and quick movement to test next resistance(violet) and trend resistance( 2nd red) could happen.
BTC should hold to give VET bullishness. Check BTC idea through link below.
VET getting ready for .40 in Bullish Cycle Maxout at .89Vet in Bullish cycle getting ready for a target of .40 to maxout at .89
Has strong downward support refer to my earlier posted charts.
VeChain (VET) Can Enter Top 10 Cryptocurrencies Soon (50% Gain)VeChain Thor's token VET has a YTD performance of 1000%+.
VeChain brings some of the most diverse, best and most useful solutions the worlds needs of all projects around.
VET is my second favorite coin to trade in 2021.
Price action shows a symmetrical triangle with small resistance.
Trendlines might still get broken slightly and price might consolidate a bit longer, most probably forming a bigger triangle.
Target:
I used the height of the triangle to get a target of 0.37 USDT.
Using a trailing SL could give you an even higher return with these higher lows.
(Personally I trail 50% and sell 50% at my target.)
The long wick on April 18 was due to a liquidation. A liquidation occurs when people are overleveraging their margin in a market and suddendly they don't have enough margin left.
Price only has to drop a little bit and their long positions get closed automatically with an opposing market (sell) order that gets executed immediately. (Margin Call)
As a result price can drop very hard in a couple of minutes and this can create a snowball of liquidations following up on eachother if lots of people are overleveraged.
VET looks bullish against BTC as well:
What is VeChain?
VeChain offers useful solutions for enterprises by enhancing their supply chain management and business processes via blockchain.
The information is kept in distributed ledgers via so-called Distributed Ledger Technology.
This is where VeChain initially began in 2018. Since then VeChain was renamed to VeChain Thor and moved forward to more general dApp solutions similar to Ethereum .
With VeChain Thor you can solve a broad amount of problems like countering the production of counterfeit products or managing energy consumption.
If you'd like to know more about VeChain Thor and its ecosystem checkout their website .
Vechain recently got ranked 13th on CoinMarketCap and is on track for the top 10.
Did you know businesses worldwide lose $460 billion in revenue a year just because of counterfeited products? :o
14.1% of sales in the cosmetic industry in Europe are lost due to counterfeit products. ( source )
I mainly publish fundamental and technical mixed crypto analyses like this, follow me if you'd like to see more! :)