VET/BTC (Testing Key Level Resistance)💎Technical Analysis Summary💎
BINANCE: VETBTC
-VeChain is testing the previous Key Support area
-This current zone is a confluence of Resistance>Suppport
-If VET can break above and consolidate
-That would be a Bullish sign of strength
-But a fail attempt will lead to further downside action
-So please always plan your trade
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Vetusd
VETUSDT: VeChain Chart UpdateHere are the structures and levels I am watching.
Still in a pullback from that August high. Needless to say 0.01 is key level here and a bounce here would not be unreasonable given how the market has performed against the level in the past 5 weeks.
Let's see if the bulls can hold the level in a weekly closing basis.
Weekly chart:
BULLISH ON VET. Highly OverSold!VET Very Much OverSold!
Definitely A Shakeout, Playing Around The 200MA
Potential Spring Incoming. We Are Nearing The End Of Accumulation Phase.
An Opportunity To Buy Back At These Levels. Breaking Point Level Indicated
LET ME KNOW WHAT YOU THINK! 🧐
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⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Vet/usdt break soon ?Analysis on vet against tether
Good and simple chart
Buy the break/ retest
Sell area is also shown in fib resistances
*** strong support around 0.010500 - 0.011225
Daily close below that level
then this idea is invalidated
Want to see my analysis on vet against btc
I posted it last week
Look here at the chart
Vechain (VET) This Dump Will Lead To A Big PumpHey, friends hope you are well and welcome the new update on Vechain coin.
On long term weekly chart the priceline is retraced between 0.50 to 0.618 Fibonacci retracement. Before this correction the price action of VET broke out Ichimoku cloud with powerful bullish rally. Now it is retesting the 25 SMA as well.
On daily time period chart the priceline is moving in falling wedge pattern Vechain. Recently price action is rejected by resistance of wedge and moving down. The volume profile is showing weak interest of traders at the support of wedge pattern. The moon phases indicator is also showing new full moon above the resistance. Therefore there are chances of breakout after a correction.
On daily chart the EMA 10 and 20 are in bear cross. The stochastic and macd are weak bullish. When all three indicators will turn bullish then we can expect another rally to the upside.
The pricline is likely to move down to re-rest support at $0.011. The next resistance levels are $ 0.015, $ 0.018 and $ 0.021 respectively.
Conclusion:
The priceline is moving down after rejection by the resistance of wedge. But before support of the wedge we also have strong support of $0.011. Therefore the priceline can retest this support and start the next rally for an attempt to break out from the resistance of the wedge.
VET/BTC (3rd Retest Major Support?)💎Technical Analysis Summary💎
BINANCE: VETBTC
-VeChain is back at the previous key support area
-Unable to break above the long term trendline resistance
-This is Bearish because a series of Lower Highs and Flat support zone
-If the major support area failed, prepare for another leg down to 80s sat
-But if VET can break above the trendline resistance
-We might see a retest of up to 200s sat
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VETUSD Daily
VECHAIN USD DAILY
Vechain is exhausted, Been on the downside with low demand and decreased upside potential ever since the rejection from the upthrust move. Another leg down is possible but i expect it to gain back the momentum to the upside.. Potential Spring and mid term price target in sight!
LET ME KNOW WHAT YOU THINK!
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⚠ DISCLAIMER:
Trading Involves High Risk! Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
VETUSDT: Looking for one more leg down before a move higherMy 0.0143 level broke down shortly after my last post. Strong sell-offs like that "deserve" at least one more leg down to retest lows. Right now the market is finding some support at 0.012. If this level holds on a daily closing basis, we might see a bit of a rally and then another push down to re-test 0.012 before deciding either to go higher to re-test the resistance trendline or go lower to re-test 0.01.
Note that the weekly close above 0.0143 is still a relevant bullish signal (for me) and it will take a weekly close below 0.0143 before I consider that signal invalidated. One key thing for the bulls is to break that resistance trendline, with a continued failure to do so signaling more consolidation (likely more sideways to down price action).
Also Note: I am bullish on Vechain for the long term (2+ years).
VET/BTC (Retesting Previous Resistance Area)BINANCE: VETBTC
-VeChain is back at the previous key resistance area before the strong pump last July
-It is traveling inside a Bullish descending channel from the Top price
-Also, retesting the recent support last 1st week of September
-This can be a potential Double bottom reversal if we can confirm an upside breakout
-Until this channel remains valid, I recommend to patiently wait and observe the market
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Please Exercise Risk Management
``````````````````````````````````````````````
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Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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VETUSD - very BULLISH long off possible corrective bounceSince my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4.
Keep an eye on 0.015 levels, we could have one more shakeout and a re-test to 0.01. I'll post another idea if price hits 0.019 to see if our past target of 0.044 is still possible.
Short term TP levels are 0.0155 - 0.0.19.
Remember trade what you see and not what you think. Always look at price action and if you don't feel comfortable get out.
NOT a financial advisor, trade at your own risk.
Vechain in a consolidation mode It's been volatily week for the crypto market. But in this post I will focus on Vechain. As you can see VeChain have tried to continou with the uptrend twice and both time failed to break 0.022 ++ level.
Correlation between BTC and VET has increased signficantly in the last week. The correlation is reaching 1, that's mean the short term development in price will be the same as bitcoin, at least a good indication.
0,0138 and 0.011 are areas to look for, break under 0.011 can be very bearish, and break above 0,0138 will give room for further increment.
many closing sessions under or above these price levels should be monitored closely.
Regarding Vechains fundamentalt, the company is partnering with many big brands every week, but still the use have not reached any noticable level.
Remember; many companies or coin/crpto can perform or solve many of the same problems we are facing in this modern world, and today it can look like Vechain is the best bet, but that's never for sure.
Vechain have very much competitions! same as everyone. So choose your crypto carefully!
September can be a good month to accumulate some of your favorite crypto/token/coin or stocks.
Good luck!