Vetusd
VET Healthy Consolidation after Retracement First time posting, the red and green lines are two arbitrary lines for my own use. It seems VET is consolidating after that amazing move from 0.16. Healthy retracement IMO... I'm hoping for another leg up after this, time will tell :)
Do your own research and DD. I'm new to TA and feel free to share your ideas in the comment section and make money yo!
VeChain (VET) - April 17Hello?
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We need to see if we can get support and climb in the 0.23458868-0.24620446 range.
If it falls, you need to make sure you get support at 0.21135712.
If it falls between 0.09819935-0.10681513, Stop Loss is required to preserve profit and loss.
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(VETBTC 1D chart)
We have to see if we can get support at the 379 Satoshi branch.
If it falls, we need to make sure we get support in the 323 Satoshi-337 Satoshi section.
There can be a plunge due to a surge, so careful trading is always necessary.
We have to see if there can be any movement to break above the 504 Satoshi point.
If it falls between 156 Satoshi and 170 Satoshi, Stop Loss is required to preserve profit and loss.
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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)
VeChain VET clean technical analysis looking at VET here on the 1 hr we can see that price had an impulsive push to the upside finding resistance at a fib level,
since then price has made a rejection from the high and is moving correctively in the form of a descending channel back to the most recent fib support area that it previously broke through, anticipating for price action to complete the correction and possibly confirm support at the double bottom or move slightly further back to the fib level where they grey box is located. if price rejected this support and confirms a move to the upside this can be a good high probability move to the upside for long positions in the green zone.
VET breaking key resistance and its previous ATH // PUMPING NOW!VET isnt done yet, set a W formation and will pump 25% as it has no resistance left until the next FIB level. Will do 15/20% against BTC aswell. This will happen from now going into next week. This is a quick update, I have more stuff to do in this crazy market; ride the wave peeps!
VET updateUp 135% from our original entry. Reached all target in 31 days and is still looking feisty as ever.
First resistance zone is here at 263 sats. And the ATH level to break is at 340 sats. Let's first wait and see what Bitcoin does this week before we re-enter. Although a drawback doesn't seem very likely as volume stays relatively high.
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSD@vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$VET is testing ATHs on the daily -- no kidding!With $BTC expected to hit a consolidation point or minor pullbacks..
...the stage is set for Alt Season 2021!
And we have $VET here that is endlessly retesting ATHs ever since the turn of this year.
While 5th Waves are characteristically related to FOMO, we can clearly see that the 'energy buildup' is increasing ever since late March.
I will not be surprised if more FOMO kicks in and retail rushes in to grab their $VET.
With this information at your fingertips, you have the best seats to front-run these buyers.
Go $VET!
$VET fulfilled its 5th Wave -- but has it completed its move?In this recent study for $VETUSD, we were waiting for price action to touch our TP -- and it did:
A successful movement into Wave 5 territory has been fulfilled, but has it actually completed?
Are we now entering a pullback or corrective trend?
If so, what are the levels for us to watch out for?
Here's a theoretical pullback levels -- assuming we have fully and surely completed this current impulsive 5th Wave:
A TP of $0.10 would be a confirmation that a pullback is nearly fulfilled.
Currently, RSI is at overbought levels and trying to revert back to normality.
Until the pullback is realised, we are still within a bull trend, and further highs are not to be ruled out!
VET/USDExpecting to see pullback to 50-61 Fibo level. Which is good place to join the trend after bullish confirmation. #VET
Vechain on the verge of a huge run! Vet has undoubtedly been one of the most impressive cryptos in the past couple months putting out great numbers and has been in a very solid uptrend. I really think this is due to the realization from both retail and institution of what Vechain is and what it is doing and providing! We recently created a new ATH and i think we are going to see another one soon! Our Zero Lag Macd looks super bullish and we are seeing strong upwards movement with no sign of slowing down! We are beginning to ride the top of the bollinger bands which is very bullish and you can see the same thing and how it played out around FEB and March on the chart!! Ichimoku cloud is bringing us nice green support clouds, pushing up. Overall i think vechain will be one of the best investments for the future, the technology and what they are doing is so incredible and they already have real world use cases that are being used around the world everyday! Personally I can see myself holding onto most of my Vechain for the next few years! Not Financial advice just my opinion!
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of 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= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️