$VETUSD DBL Bottom$VETUSD entry PTs .001435-.008609 Target PTs .7628-1 and higher (Buy on 10/10/2022)
Possibly .00143582 to .75 Returns 522X Possible returns +19,561% to +52,134%
Prior run .00143582 to .2823 Returns was 196X +19,561%
Sequence 5; 1 bar .00541018 X 6
Sequence 9; 6 bars .00541018 X 6 = .032
Sequence 4; 8 bars .032 X 8 = .2596
VeChain Coin Price & Market Data
VeChain price today is $0.060368 with a 24-hour trading volume of $271,235,528. VET price is up 3.2% in the last 24 hours. It has a circulating supply of 67 Billion VET coins and a total supply of 86.7 Billion. If you are looking to buy or sell VeChain, HitBTC is currently the most active exchange.
What is Vechain?
VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants. VeChain plans to achieve this secure supply chain management ecosystem via the method of asset digitization. VeChain enables manufactures to assign products with unique identities to the platform. This will allow manufacturers, supply chain partners, and even consumers, to track the movement of products through their supply chain.
Vechain Foundation
There is also the VeChain Foundation. The Vechain Foundation is a non - profit entity established in Singapore in July 2017 and is responsible for the construction of the network, and technological research and development. The Foundation also plays an important role in business development. The Foundation encourages and supports partnerships with enterprises that may be interested in utilizing blockchain technology as a service. This includes payment services, private key management, smart contract development, and wallet development. There is no doubt that blockchain technology can be an important innovation to supply chain management. With a growing list of business partnerships and technological developments, VeChain is positioning itself to be THE disruptive, and innovative force that reshapes the way we think about supply chain management.
VeChain team
Sunny Lu is the CEO of the VeChain Foundation and has already become an important figure in the blockchain space. Before he established VeChain, he co-founded the Chinese Internet start-up which developed Qtum, a very important digital asset in the crypto space. He was previously the CIO and COO of Louis Vuitton China.The team behind VeChain consists of over 90+ employees, most of them being developers. Chief Technology Officer, Gu Jianliang, has over 18 years of experience in areas such as mobile devices and the IoT field, and has created over a 100 patents in several technological fields. Kevin Feng serves as the Chief Operations Officer of the VeChain Foundation. Feng has been actively involved in many technology projects in his 12 years working for VeChain’s partner, PWC, as a consultant and assurance advisor.
VETUSDT
VET/USDT channel strategy potential longAnalysis:
1. Weekly indicates a strong support/resistance area for VET right now
2. Zooming in on the daily the support/resistance zone is also clearly visible with a consolidating price action the last few days
3. Zooming in on the 4H and using the Bollinger Bands we can see a squeeze and a narrower Bollinger band. (an indication that price will become more volatile in the future)
4. Zooming in on the 1H we can draw a nice range in which the price has been moving the last 13 days, with one visible fake-out below the channel
5. right now 4th of Feb volume increased drastically on the 1h and price touched the resistance area.
6. I am drawing a FIB resistance on the current move and looking for an entry between the 0,5 and 0,618 levels as this seems like a fair price
7. There is a significant risk in this trade since the prices moves in a channel for the last couple of days therefore scaling in is recommended
Approach:
> for ease let's say we want to invest $100 in total
> If the price reaches the FIb levels as mentioned in step 6, place a buy order of $50 (SL below the 0,236 FIB level)
> If the price breaks out of the channel on the upside wait for a retest on resistance and buy-in with the other $50.
> SL below previous high after breakout channel
> TP 1 0,058
> TP 2 0,063
*as always DIY and not financial advice :)
VET | Looks Promising for Breakout..!!
#VET (update)
Still Moving inside the Descending Channel but Looks Promising for Breakout so Keep an eye on it..!!
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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VETUSDT soon the MONEY MAKERVETUSDT like BTC or other coins is situated into a huge huge falling wedge which finally will made a breakout.
We are NEAR at bottom of this wedge so a good long position here can be a good opportunity
We have some bullish signals like:- on Daily we have a huge bullish divergence
We are near at falling wedge support line
When i m 'playing' with charts it s really important to take in considerary also the COIN versus BTC , BTC/USDT and DJI.
IF DJI will go up, BTC and other altcoins(all) will go UP. DJI it s the most important index for me on trading
The target from this wedge is 0.093$ aprox.
Good luck,it s a safe bet
VETUSDT AnalysisHello friends.
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Everything on the chart.
Since the moment of the last idea, we have gotten more complex and updated the local bottom, I am still waiting for an upward movement to form wave (d) in the global triangle.
Entry: market and lower
Target: 0.1 - 0.12 - 0.15
after first target reached move ur stop to breakeven
Stop: ~0.056 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
VETUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.12 and 0.15
after first target reached move ur stop to breakeven
Stop: under 0.08(depending of ur risk). ALWAYS follow ur RM.
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
VETUSDT - Elliot wave counting and macro perspectiveI think we are in complex A-B-C correction of huge wave 3. Usually, in crypto we have extended versions of wave 5 so sell area could be around 1.5 - 2.0 USD, nobody knows exactly.
Wait patiently for C wave completion and double check for impulsive price action which could trigger wave 5 - buy on first smaller correction or buy with stop loss at the bottom of wave C.
Vechain Possible Bounce/Double BottomVechain has been moving within this triangle for a long time now and is almost reaching its apex.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area, and if that doesnt hold I'll be looking at around 3.6 cents for support.
VET 1DVet is currently fighting this white down sloping resistance line, and forming bullish divergence on RSI . Break above 0.236 and retest would be early signs of reversal, of course we would like to see a higher high formation on daily chart but over all I think VET is looking bullish . Also should keep an eye out on weekly level, retest of that wouldn't surprise me. P.S this is my first post and I am relatively new to crypto.
VET - is going to break this resistance VET is sandwiched between the level of the trend line and the lower boundary of the big value area. The price can still gather liquidity both above the trend line and below the $0.072 level. A breakout of the trend line could be a good buying opportunity. In case of a false breakout, a good opportunity to sell. In case of a breakout of the level of 0.072$ may be a good opportunity to sell. In case of a false breakout, it is worth opening a position in the opposite direction.
I would also like to note that volumes appear at the bottom, which is a good signal, but on bitcoin volumes appear at the top, and that confuses me.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
VETUSD LONG TERM UPDATEVETUSD is still bullish. Wave 4 consolidation in play. I expect it to hit $1 as long as wave 4 doesn't overlap end of wave 1 (0.022).
VETBTC and VETETH charts are at their lows. This favors VET technically.
Be ready to hold as it may take TIME.
Not financial advice. DYOR!