VECHAIN IS LOADING UP ITS GUNS!VET will be stuck in this wedge for a while and rest; however, a parabolic move is out of the question! Once the resistance zone is broken, 1.618 FIB will be the beginning of a long but fast-and-furious journey!
Vetusd
Vechain gearing up for an explosive move!Vet has been going sideways in accumulation for a almost a couple weeks now after its huge run up creating new ATH's and support. I believe its just a matter of time before we see VET go on another huge run creating new ATHS and upper supports! All we have in the way is 1 FIB resistance level coming from the ATH! the longer the accumulation goes for the stronger and more explosive our next move will be! The MACD is looking good we are starting to see a slight point up, I think we are going too see a golden cross any day now at the start of the next run up! We are seeing a nice spread among the EMA ribbons which are also slightly pointing up, dont think we will see a flip of the ribbons anytime. And the coppock curve has been on the fall and we are now reaching the bottom and i expect us to see a reversal sometime soon. Overall very bullish on VET i believe this project is going to play a crucial role in the future of crypto and real world retail which it is already dominating in! NFA just my opinion!
Cautiously watching VET (3 day Heiken Chart) As you guys can see from the chart, VET has clearly been showing signs of slowing down over the past few weeks or so since breaking the previous VEN all time high of around 9.5 cents. The recent string of doji candles, coupled with declining volume, an overbought rsi (~82), and a mac d line that might be at a local maximum have me thinking we could be in for a correction. Smaller time frame charts (like the 4 hr) show support around the 7.5 to 8 cents range, which is about 1 fib line down from out most recent swing high (and ath) on the 3 day chart. That said, do I have the guts to sell on this hypothesis? Probably not... Could be fomo, could be that I have no idea what i'm talking about haha. I'd love to hear what you guys think. I'm still long term bullish on VET, as I believe the news to lower VTHO gas fees considerably will help foster mass adoption by enterprises.
Edit: We did see a similar pattern towards the end of June last year, which was followed by a large upswing eventually testing the upper line of the parallel channel. Hopefully this is how it plays out.
VETUSDT - BREAKING OUT - LONG #VET #VETUSDT #DailyDivergenceVet Looking primed on the daily.
Hidden Bullish Daily Divergence.
Todays candle closing as a nice bullish engulfing, while also closing above resistance.
Also, a reversal pin has been printed on the daily.
This thing could fly, great fundamentals.
Stops below First support order block where we launched from.
Targeting the 161.80% Fib.
Risk to Reward: 8.95 to 1
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
[35%] VET / USDTAnalyse :
- We still above the Kumo, Tenkan, Kijun
- We can see a canal in yellow
- We still above 0.786 Fib
- Target 0.122$
What Is VeChain (VET) ?
VeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
The platform uses two in-house tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain.
The idea is to boost the efficiency, traceability and transparency of supply chains while reducing costs and placing more control in the hands of individual users.
Vechain loading up momentum Vet has been holding our 0.2 FIB level solid and i believe we will see another daily close above here. Our stoch RSI is looking good slowly coming out of the oversold zone aswell our RSI has been going sideways for a little bit now but we are seeing it sloping slightly due to recent price action. The RSI is kind of close to the overbought range, but we have been since the beginning of March without any noteable big dips. I think a lot companies and institutions and retail are starting to realize what VET is and the potential for the great technology its providing. Last the MACD is looking the same as RSI and Stoch building momentum the more accumulation. We could see a Golden cross any day now in my opinion, Not financial advice!
VeChain - Daily Chart IchimokuVeChain - This time a Ichimoku Cloud (Kumo) Daily Chart Update:
If we look at this daily chart for Vechain, we can see just how good and strong it looks.
VET is well above its Ichimoku Cloud Conversion Line (Tenkan Sen) and Base Line (Kijun Sen) levels.
The Lagging Span (Chikou Span) is indicating momentum is sideways with a slight slope downwards.
The Conversion Line (Tenkan Sen) which is the faster line is showing short-term momentum is sideways.
The Base Line (Kijun Sen) which is the slower line is angled slightly upwards confirming this sideways momentum.
VET has found strong support from its 23.6% Fibonacci Retracement level and has closed above it 4 days in a row and looks like it's about to make it 5 days in a row 👍.
VET is still well within the Bullish Zone of the Ichimoku Cloud Indicator.
VET is quite a distance away from crossing back over the Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) support lines, so for the foreseeable future, i cannot see VET dropping into the Equilibrium Zone let alone the Bearish Zone for this time frame unless there is a complete crypto market crash which i cannot see happening especially because this 2021 Crypto Market is completely different to the Crypto Market of 2017/18 where it was only speculation that was making cryptos rocket. Now we have DeFi, Smart Contracts and big institutional Investors interested & investing in Crypto.
VeChain is still looking absolutely fantastic especially on this daily chart. I keep saying this but it’s true, VeChain is a crypto with a client base that would make any corporate jealous with envy, it seems to have completely gone under the radar of most and i still feel it is the most criminally undervalued crypto ever, the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer! Its a good thing it hasn't broken out just yet, as its pay day in about 30mins and i want to acquire more before VET closes over the $0.1 mark 😜.
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
VET new growth channelEventhough the last few days felt as if VET was only falling down, but if we moved the line of the growth channel before the big BTC dips we can see a new growth channel is setup aligning the same angle as the previous growth channel. This seem to be the most promising prediction as we have retested the support already many time, but I also doubt to fall so far down to test another support as that would mean a big crash.
Update: Vechain(VET) looks ready for another 37% Gain to $0.11Update 30/03/21
Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10.
Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target.
See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
$VETUSD - Rebuy hereHello everyone!
VeChain is getting ready for another jump.
Pitchfork worked like a charm
VeChain - Potential Breakout of an Ascending TriangleVeChain Update:
VeChain is in an Ascending Triangle Pattern on the 4hr chart. An Ascending Triangle Pattern has a very, very high probability of being a continuation pattern in a trend……… that’s a continuation of an UPTREND. The breakout could happen soon or the triangle could be pushed out longer for a longer period of consolidation.
Volume is low within the Ascending Triangle Pattern. We need to see increasing buyer volume on the breakout to confirm the renewed upwards direction. If the breakout is on low volume then it will be a false breakout and the price will potentially drop back within the pattern.
VET has found very strong support from its Ascending Triangle Pattern Trendline.
VET is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. The Bollinger Bands Upper Band and Lower Band are pinching inwards indicating volatility is still slowing.
RSI is indicating Momentum is sideways.
The ADX DI SMA is indicating that VET is still in an uptrend, but its a weak uptrend with the ADX (Yellow Line) at 14.4 below its 10 Period SMA (White Line) at 15.4. The + DI (Green Line) at 16.4 and still above its -DI (Red Line) which is at 11.9. A weak trend is to be accepted when there is a period of consolidation.
VET is pushing hard to get above its Volume Point of Control (POC) which i believe it will do after it has chipped away at the shorts. Ideally, we need to close this or the next 4hr candle above the Volume Point of Control (POC).
VeChain is looking absolutely fantastic and it looks like it is potentially poised for another breakout. VeChain is a crypto with a client base that would make any corporate jealous with envy. VeChain has completely gone under the radar of most and i feel it is still the most criminally undervalued crypto ever, but the way VeChain has been moving the last couple of months, it may not be so undervalued for much longer!
I hope this is helpful with your Trading or Hodl-ing. Good Luck 👍🔥🚀🌍🌔🪐
VET going down?So VET didn't confirm the H&S pattern and broke down from the triangle as I showed in my last idea as you can see in the related idea.
So my new idea is that we could potentially make a double top and go down a little bit to the long-term trend line.
We're just way above the trend.
Now we're going to break the bearish channel... meet the top resistance.
I think we can bounce from the top resistance and go visit the trend line where we can consolidate for a while or bounce to the top.
Then with enough volume, we can fly through the resistance and then we could potentially go to new highs.
VET cup and handle with BOOBS formation! Hi Traders,
We are looking at the 1 hour chart of VET/USD.
As we can see, a cup and handle with boobs has formed! The boobs suggest a very bullish signal on top of the bullish cup and handle.
Furthermore, the volume in the boobs is increasing which is a good signal. A tight squeeze of the boobs could make life more interesting.
However, I am not a financial boobs specialist, some say they cost a lot of money. Not the creation but the maintaining of it, so don't take this as financial advice.
Press the like button and leave a comment in the comment section!
VET moving up to new ATH?Triangles
So VET is probably making a nice Ascending triangle and also a symmetrical one.
Interesting is that both resistances lead to the almost same point.
Head&Shoulders
VET has also made a reversed H&S pattern which is pretty bullish.
20MA
20MA is now working as a support level and with enough volume, we might see a nice breakup into new highs.
Summary
VET is drawing 2 or 3 bullish patterns.
20MA is also pretty bullish.
We need increased volume to confirm the break-out.
VET ready to push for ATH/ NEW ATHVechain has broke through the 0.2 FIB level a few days ago and has since been holding it very strong, Im confident we will see a daily close once again above the 0.2 FIB and im looking for us to continue up and go for that ATH level and ultimately a new ATH. Watch the MACD closely i would like to see a clear flip to bullish which right now has been twisting in and out of bullish not moving very much. We are seeing nice support coming in from our Ichimoku cloud opening up a bit and slowly pushing higher. The RSI is slightly pointing up still remaining above our 50 line showing a clear uptrend. The Stoch RSI is also starting to point up even more and recently flipped bullish coming out of our oversold zone. Not financial advice just my opinion.
$VETUSD - Moves inside a channelHello everyone!
Expecting a jump on VeChain inside the descending channel.
VET: the parabolic rocketship with a moon mission!Update on my previous VET update from March 13; the start of the parabola.
BTC DUMP
During BTC's dump VET consolidated but stayed well within its bullish megaphone.
Currently its breaking out of a huge triangle and W pattern and will fly off; check chart for targets.
VET PARABOLIC RUN
I am super bullish on VET and it is one of the best risk / reward alts than go much higher than current valuation.
For the mid term; I see VET targeting 0,15$ by the end of April / beginning of May - that is more than 50% increase!
VET has both fundamentals and hype and still has to catch up with the current bull run, this means she has a lot of gas!
This means that I expect VET to outperform BTC and most major alts in the mid term.
IMPORANT: this is not financial advice, trade or invest at your own risk and research.
VET LONG?My first chart on VET, and my 2nd analysis created. Looks like VET can bounce up, or tank. Curious on people's feedback. This is not advice.
VET STILL ON WAY TO TARGET - GREEN TRENDHello friends,
Vechain still on way to the target.
We follow the trend.
