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Vetusd

[34%] (LONG) VET / USDTAnalysis : - Ascending triangle - Triple bottom on the support of the ascending triangle - Triple bottom on the support of the RSI 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.
Long
by HolderYoda
VET - 1D. Is the growth of + 200% still real?As it turned out, the VETUSDT price has been moving upward in a channel for almost a year. Recently, the VETUSD price has broken through to the upper part of the channel and is trying to gain a foothold there. If the price fixing in the upper part is successful, then we can start pinning hopes on continued growth to $0.12-0.13 A note of conspiracy and coincidences: the low according to VET was 03/13/20, and the high could be 03/13/21 :) However, if the price drops below $0.046 , then we can expect a price movement in the lower part of the channel, and the liquid zone that will attract the price to itself is in the area of $0.0215-0.0255 _____________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
11
VeChain - 1hr Chart - Potential Descending Broadening WedgeI thought id do a short-term outlook for VeChain. If we look at the 1hr Chart for VeChain, we can see that VET has a potential Descending Broadening Wedge Pattern which is a potential continuation pattern. At the moment of typing this, VET is inside the Ichimoku Cloud (Kumo) Equilibrium Zone indicating uncertainty for this timeframe. VET has found strong resistance from its Leading Span A (Senkou Span A) and is trying to make its way above it, VET has also found resistance from its Base Line (Kijum Sen), below that is a potential support line and slightly below that is the Leading Span B (Senkou Span B) as another potential support. Ideally we want to close a 1hr candle above the Leading Span A (Senkou Span A) and turn that into strong support. The MACD histogram is still indicating bearish momentum may possibly continue sideways on the 1hr with the MACD Line (Blue Line) still under the Signal Line (Orange Line). The MACD histogram has moved closer to its base line because the distance between the MACD and the Signal has narrowed but its too early to say if we could get a Bullish momentum crossover for this timeframe. The ADX DI SMA is indicating a downtrend for this timeframe because the ADX (Yellow Line) is at 22.7 and above its 10 Period SMA which is at 13.2. The -DI (Red Line) is at 20.2 & above its +DI (Green Line) which is at 10.3. Note however that the -DI Line is pointing down and the +DI Line is starting to point up indicating we may see a potential bullish crossover. The Lagging Span (Chikou Span) is indicating sideways momentum. If VET does drop further, & the Leading Span B (Senkou Span B) support fails "which i don't believe it will because we keep testing the upper Leading Span A (Senkou Span A) resistance', but if it does fail, then it could drop to around $0.035 which is the bottom of the Descending Broadening Wedge Pattern & rebound from there. If it does then i will accumulate more, if we fail to close above the Leading Span A (Senkou Span A), we may possibly continue sideways within the cloud until we push out of it on our sideways momentum. For me, i am still longterm bullish with VeChain & remember that it is still in a Longterm Uptrend so any dips should be used to accumulate more. I hope this is helpful. Good luck 🙏
BINANCE:VETUSDLong
by entertheroach
6
VeChain 3 day chart - This time on LOG 😅Here is an updated VeChain chart, i realised that the Previous VeChain chart that i did stupidly wasn’t on LOG. If your chart is not on LOG then it will compress what is below the price in favour of drawing your attention to where the price is. This means that Pitchforks, Fibs, support and resistance lines, Triangles and various other indicators will be giving you false levels if you start in the compressed area like my Pitchfork did. So apologies for this 🙏 If we look at the 3 day chart again “this time on LOG” 😅, VeChain is in a longterm uptrend, The RSI has just gone into the Overbought area, but that doesn’t mean it will drop as it can range sideways in the overbought area as it has done before. The ADX DI SMA is indicating a very strong uptrend with the ADX (Yellow Line) at 46.5 and it has crossed back over the 10 Period SMA which is at 43.8, the +DI (Green Line) is curving upwards at 26.7 and is above the -DI (Red Line) which is at 5.8. All the Ichimoku Cloud Indicators are showing upwards momentum is very strong. VeChain has the potential to close above its Pitchfork Median Line over the next few days or weeks, If it does, then that will be our new Key Support Level on the next leg up. I have extended the Pitchfork Pattern to show what VET has above and below it as potential Support and Resistance Levels. The Bollinger Bands Upper & Lower Bands are expanding outwards indicating volatility is increasing. It looks like VET will continue the strong upwards momentum for a while yet, & please remember that the Price does not necessarily have to drop for the RSI to drop out of the overbought area or the Bollinger Bands to Contract, if VET trades sideways for an extended period, this will cause the RSI to drop and also the Bollinger Bands to contract. If you follow the ways of the Ichimoku Cloud like i do, you can see that the Lagging Span (Chikou Span) on the 3 day is still well above the Previous Price from 30 Periods ago & there is no fear of the Price dropping into the Bearish Zone under the Cloud (Kumo). VET is also quite a distance away from its Pitchfork Hagopian Line so there is no fear of VET crossing that any time soon. I still believe that VET is completely undervalued & any dip should be used as a chance to accumulate more at a cheaper price. I hope this is helpful 👍🔥🚀🌔🪐
BINANCE:VETUSDLong
by entertheroach
2
VET - Lets have a look at the 3 dayI saw an earlier chart post that stated VeChain my dip. So let’s do my own take on it & look at the 3 Day Chart…….. because i quite like the look of it. VET is still well within the Bullish Zone of the Ichimoku cloud. It is still above its The Conversion Line (Tenkan Sen), Base Line (Kijun Sen), 50EMA, 100EMA and 200EMA levels. The RSI is showing that momentum is downwards at the moment & the ADX DI SMA is showing that VET is still in a longterm uptrend because the ADX (Yellow Line) is at 44.4, the +DI (Green Line) is at 17.9 above the -DI (Red Line) which is at 7.6, but note that the ADX is slightly under its 10 Period SMA (White Line) which is at 42.8. The Ichimoku Cloud Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) are both moving parallel sideways indicating we may be seeing some consolidation. Around the same level as the Conversion Line (Tenkan Sen) is also where the Bollinger Band Middle Band Basis, so that is an area to keep an eye on as you would always want the 3 day candle to close above that Middle Band Basis. VET has bounced off the Pitchfork Median Line twice in a row this timeframe, indicting strong support at that level. At the moment of typing this, VET is under its Ichimoku Cloud on the 1hr, but still above it on the 2hr so its best practice to keep an eye on the other timeframes to check that there is not a cascading downwards effect happening on the timeframes. If VET does break down through its Pitchfork Median Line then it may find strong support from its Conversion Line (Tenkan Sen) because it has bounced off that level twice previously. If VET does drop further, then the most i think it would drop is a Wick down towards the 50EMA on the 3 day but it wouldn't stay there. If you follow the ways of the Ichimoku Cloud like i do, you can see that the Lagging Span (Chikou Span) on the 3 day is still well above the Previous Price from 30 Periods ago. VET is also quite a distance away from its Hagopian Line so there is no fear of VET crossing that any time soon. I still believe that VET is completely undervalued & is a sleeping giant that once woken will melt faces & any dip should be used as a chance to accumulate more at a cheaper price. From my point of view, unless VET closes below its Pitchfork Median Line on the 1,2 & 3 day charts, then i’m still longterm bullish. I hope this is helpful.
BINANCE:VETUSDLong
by entertheroach
6