VETUSDT
Vet UpdateSo followed the path very well! just not the super bullish variation. BULL: Price did break above and is so far hold the line on the chart. BEAR: It bounced of the median line of the pitch fork and the outer parallel and the 1:1 of the first swing, so its hitting some markers for an ideal ZZ. But the interior count is not ideal to me tbf. That line will be important for me, staying above good for bull, bellow will be looking to short it breaks below and rejects from it.
VETUSDT 1D READY FOR ATH ?As seen previously, VET has been rejections twice, and managed to break its daily resistance on the third attempt.
After correcting from 0.1874 and down to the previous resistance, VET showed that it was able to turn the previous resistance into a strong support.
My expectation is that next week the vet will start moving back towards higher levels
Buy around : 0.148 -0.154
TP 1 : 0.18
TP 2 : 0.21
TP 3 : 0.24
TP 4 : 0.28
TP 5 : 0.35
Stop Loss : 0.1319
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
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VETUSDT - Enjoy 🚀🚀🚀 (1H Signal)Follow me, its good IDEA :)
Now VETU 1H time frame is inside of triangle and this moment are very good for a little time frame scalping. (1,5,15m)
for a long position we need hard confirmation for a trend.
Please share your opinion in the comments
This is not financial advice !!!
$VET Looks GoldenVETUSDT has broken out of this inclining wedge pattern and now is retesting that former area of resistance. This is definately a massive opportunity, I think we could see a new ath within the next couple of months. This is a coin where I see fundamentals and technicals lining up almost perfectly. Good Luck!
MATIC USDT : CORRECTION / RETESTIn the cryptocurrency market, corrections of 5-10% are significantly more frequent than in the stock and other traditional markets.
EXPTECTED CORRECTION FOR MATIC .
DONT PANIC
VET trade on the weekly - ideaLooks like after a long time of consolidation, VET is ready to make it's move.
1. first entry was 2 weeks ago, which is now in good profit
2. confirmation with MACD cross over
3. W - pattern is forming
4. rsi is continuously pointing upwards
5. second entry possible once resistance is broken
6. keep stop loss tied to the lower band
--- this is just an idea and not financial advise, utilize on your own risk ---
trade 1: active
trade 2: pending
VeChain forecast of $1.50 strengthens: VET Coin continues to folIn my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the pattern will repeat itself in a similar manner.
This does not seem to be far-fetched at the moment in any case. Because the similarities continue to accumulate. The above chart shows to what extent.
Obviously, they are not the same price movements, but they are enormously similar in nature.
What matters are the cornerstones of the movements. For example, then as now, the VeChain price first formed a high (1), which was followed by a correction with three stair-step lower lows (2-6). The first bullish countermovement failed at the resistance of the setup (7) and bounced off it. However, as a result, a higher low (8) was formed and from there, the break of the resistance was achieved and thus the structural break.
This structural break occurred recently and should be taken as a renewed bullish sign. In addition, it is the next indication that the pattern from then currently seems to repeat itself again.
However, it should also not be concealed that the structural break occurred this time with a significantly lower volume increase than back then. Accordingly, the current price increase looks weak in direct comparison.
Overall, the absence of significant volume increases is what seems to be a common thread running through the price increases of the entire market. Nevertheless, the parallels between today and the end of 2020 are too striking to ignore.
The symmetrical triangle, in turn, suggests that the odds are very good that the VeChain price could soon crack $0.36.
This would be important from many points of view, because apart from the fact that it would correspond to a 200% price increase at the current price of $0.12, it would furthermore be the next strong indication that the pattern from back then is still valid. It would be a higher high in the long-term trend.
A look at the price action of the VET Coin against Ethereum (ETH) seems to strengthen this thesis. Namely, here the VeChain price moves in clearly identifiable waves.
As the chart below shows, another accumulation of VET against ETH appears to have been completed. What could follow is a significant price rally.
CHART
So does the VeChain forecast of $1.50 still hold?
Currently, I am assuming so. Why, I have described here. Nevertheless, the lack of volume so far leaves a somewhat bitter aftertaste. However, as already written, this applies not only to the VeChain price, but to the market in its entirety. What is not yet, can still become.
Source: VeChain Prognose
💡Don't miss the great buy opportunity in VETUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.1870
TP2= @ 0.1976
TP3= @ 0.2144
TP4= @ 0.2300
TP5= @ 0.2490
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️