Vetusd
VET/USD still going strongHi There Fellow Traders,
WE wanted to give you an update on VET/USD
still running nicely after the signal was given a couple of days ago.
Again a clear example of why our indicator is such a powerfull tool.
#VETUSD Long Term Hold Idea!VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT).
- #VETUSD has retested previous resistance and it now stands as support!
- Looking for VET a potential 1000% gains!
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VETUSDT doing the fake false breakout move...Just when you thought this was another fakeout, the market gives you the fake fakeout. :)
Sometimes we see stronger moves after a double fake like this.
Bulls will want to see a close near the high for today's candle. A probable higher high after that (>.012).
VETUSD bottom is near or bottom is here? Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another attempt at 0.012 and maybe higher. To achieve that we need a daily/weekly close above that descending resistance trendline marking a potential wedge bottom structure.
VET USDT | 1D chart | Long position | 44% profit + entry
BINANCE:VETUSDT
The price is more likely to hit the resistance one more time
Entry Price: 0.010377
Take profit: 0.015076
Posible gain: 44%
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Vechain (VET) Has Broken Out The WedgeHey friends, hope you are well and welcome to the new update on VeChain Coin.
On daily chart the priceline of VET coin was moving in a falling wedge. Finally the price action has broken out the resistance of this pattern. The volume profile is showing very low interest of the traders in the area where the priceline is moving therefore the price action can move more up in the area where the trader’s interest is strong. Once the exponential moving average 10 will cross up the EMA 21 then a further bullish momentum will be confirmed and move buying volume will be entered.
On the long term weekly chart after a strong bullish move the priceline is retraced at 0.618 Fibonacci retracement level an likely to re-test the ichimoku bearish cloud as support. The conversion line is moving down to form bear cross with baseline but lagging span is again moving up therefore we can expect that soon the conversion line will be moved up that will be strong buying signal for the long term rally.
On the daily chart different short and mid term support and resistance levels can be seen. The priceline is moving between $0.011 and $0.015 support and resistance level. At the moment candlesticks are trying to breakout $0.015 resistance. Once this resistance will be broken out then a move upto $0.018 resistance is expected very soon.
Conclusion:
As the price action of VET coin has broken out the resistance of wedge but the buying volume is not as that much powerful that can give us confirmation that it is not a fake-out. However, if we will see the weak buying volume with continuity and the EMA 10 will cross up the EMA 21 then we can have the confirmation of a firm breakout. And in case of this bull cross between these two EMAs 10 and 21 we can expect a rally upto $0.018 very soon and in case of breaking out this resistance the price action can move upto $0.021 powerful resistance.
VETUSDT Weekly Inside Bar Forming at SupportLast week's candle was a bullish pin bar. We might see another bullish pin bar this week, along with a possible inside bar pattern
Little choice for the market but to break out. Question is, which direction? :)
PS. Still a few hours to go before the weekly close so let's see if we do see an inside bar pattern here.
Tentatively bullish on VET. VETUSDVery tentatively. It appears we had a nice upshot >1.68 of Wave C and a nice deep retrace on that, and then another what appears to be a 1-2 pattern, landing on higher lows. Hence, I am tentatively watching this space. A bit early to look for targets, but that too might change.
VET/USDT - A very BULLISH long term outlook on Vechain.After some previous ideas of trying to find the bottom with Vechain, I've decided to wait until a better set up arrives. Now that we've been waiting for some time now, we now have a lot of different patterns that could potentially give us a Blue Sky Breakout , one of the most fun breakout patterns in a ticker.
Some of the patterns are a broadening top pattern, something that is similar to the SPX, this could either mean life or death for a ticker but in this case we have a bullish Falling Wedge pattern that gives us confluence that this broadening top pattern could be used as a bullish setup. This will mean that we need to watch resistance breakouts at 0.023 to 0.0267 levels to confirm this case. Another bullish confluence is the nice bounce off the monthly trendline and CAM R4, a bounce off CAM R4 is a big telltale sign of bullish continuation which adds on to the breakout of the falling wedge pattern.
If these bullish patterns are confirmed then we'll be able to see a fun ride above the blue sky breakout levels. I will also keep an eye on other VET pairs, more importantly VETBTC and VETETH.
Leave a like/comment if this idea helped you at all!
I am not a financial advisor, trade at your own risk.
VETUSDT closing the week on a bullish note?A weekly close near the weekly candle high would be welcome development and should be great bullish signal considering where we currently are.
Context is everything and right now, we are at a good place to launch! As long as that 0.01 level holds, we are good to go!
Vet/btc Vechain consolidation in the demand zoneI posted a few days later my idea when vechain is
119-120 sat
I expected it to drop in the demand zone shown in chart between 95-108sat
That what happened as i expected
See here my previous idea
Now it shows consolidation in that area
Which is a good potential for next move
But we will entry after break and close above the trendline resistance for more confirmation