VETUSDTDetermining the future direction of the Vechain currency is determined by the triangle pattern
Although VET currency has shown itself very well and there are good comments about the future of this currency, but still it can not be said that the definitive path of the currency trend is upwards.
VETUSDT
VE CHAIN VET CLEAN TECHNICAL ANALYSIS Looking at ve chain here on the 4hr time frame.
- Focusing on the outer structure and the bigger picture play happening with this coin we can see price has previously had a major impulsive leg to the upside reaching its most recent all time high.
- Since then price has been corrective in a bearish trend with price forming a symmetrical testing and respecting the trend lines on the upper and lower areas of the structure,
- Most recent price action shows that price has rejected the second touch of the outer triangle and had made an impulsive push to the lower part of the structure.
- Price is now currently in a bear flag continuation pattern. I am anticipating price to make a third touch to this pattern before making the continuation to the downside where there is a high probability of price testing the fib support area near the green box.
- There is also a possibility that price may confirm support at this current fib level located at the orange box area, after price may confirm support from these areas we may see and impulsive push to the upside if price breaks out of the symmetrical triangle.
VETUSDT is preparing to launch to the moon!After news that made VETUSDT fail to make a Head and Shoulder pattern, VETUSDT made a big retracement, to the second-lowest Trendline. It can be seen that even though VETUSDT made a big retracement, VETUSDT is still in Bullish Trend, and it can be seen that there will be Head and Shoulder coming up tomorrow or the day after tomorrow. So, let's get ready to board this rocket before I have successfully predicted that ADAUSDT will go to the moon, so let's go VETUSDT, as one of the most promising coins with low carbon emission, FLY TO THE MOON. The rocket will go to the first target shown by the orange line. After that VETUSDT will continue its journey to the moon.
VET DAILY TRADE #21 -> Lets be patientVET is in a downtrend on most timeframes, large and small. The time to short was .19
.18 seems lower odds of a place to bounce. You would want more retrace, .17 or .171 seems a logical place to bounce.
My take on BTC is its trading sideways bearishly, I'm seeing 48k to 46k soon. Thus the only 2 trade ideas I have is wait for .156 to .158, or play the breakout retest if it goes up.
As I touched on, there is a chance of a bounce at .171 area, around that 618 fib, but I dunno what strategy you can build around it.
Patience is the name of the game here. I would also stop accumulating. BTC is looking really weak. Wait to see how BTC bounces at lower levels before accumulating more. Likely you can get an even better price.
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VET DAILY TRADE #20 -> Minor breakout retest entryVERY HIGH RISK - STOP LOSS ESSENTIAL (WHEN ISNT IT ESSENTIAL??!!)
VET has formed a very minor ascending triangle. Suggests potential for a minor breakout that could see a pump to around .215
BTC has broken a minor resistance and looking to close on the 4H, that candle is coming about 40mins or so after I post this idea. A good trigger to buy here may be BTC 4h close above 50k, around 50500k close.
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ENTRY
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BUY: .187 - .188
TARGET: .215
STOP: .179
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VET - Looks Strong (As your asked)VET looks very strong.
It's getting support based on Fibonacci, Lower Bollinger Band and also the Static support areas.
The price might go into consolidation or a little correction but once it crosses the resistance areas, you can open your long positions.
Don't forget that you have to wait until we get a 4H confirmation above the resistance area.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
VET/USDTVET looks very bullish, in the 4h time frame a cup and handle pattern is currently forming, which can lead to the fact that we can see a price movement up to $ 0.30 here.
Invest only after a confirmed breakout!
Like always do your own reasearch and let me know what do you think about my idea.
I hope you enjoyed my last ideas.
Cheers Cryptofox
VET - 12h. In a step before a powerful fall wave?Hello everyone. For almost a month, the VET market continues to consolidate, in which market participants are trying to gain positions before the next impulse. The main question that arises for us is in which direction will this powerful impulse , which is about to begin to emerge? On the one hand, we see a powerful wave of growth, after which a shallow correction began. This fact indicates a high probability of the continuation of the growth trend.
However, if you pay attention to the history of the VETUSDT price movement, you can see a similar situation in February 2021. On the chart, we copied the fractal from this segment of the chart and transferred it to the current situation. As you can see, this scenario looks quite realistic. In addition, if we build a global growth channel, from which the VET price jumped out in April 2021, we see a likely collapse of the VET market can stop at the lower trend line:
If we look at the situation and ignore the fractal, we see that the VETUSD price is preparing to exit the triangle . The lower trendline of the triangle also serves as the trendline of the growth channel, which buyers have been holding since February 2021. The current wave of growth, within the triangle, is happening without much enthusiasm from buyers:
This can be seen from the trading volume and the growth pattern. The breaking of the lower trend line of the triangle will trigger the triggering of a large number of stop orders of buyers who bought VET during the previous 2 months. This volume of long positions, which starts to sell at the market price, could trigger a powerful wave of decline with the first stop at $0.17.
If the triangle is broken upwards, we will wait for the retest of the mark of $0.22 . If buyers after the breakdown of the triangle upwards hold this mark, this idea will become irrelevant and it will be necessary to buy VET.
P.S. Our previous idea for Vechain had two scenarios. So far, buyers have failed to implement a positive scenario.
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VET DAILY TRADE #19 -> keep calm and accumulate!If you don't have the money, STAY OUT! ONLY ACCUMULATE HERE IF YOU CAN AFFORD TO!
We are at the 50K Niagara falls cliff edge, staring down at the bottom and asking ourselves, "Is 50K now the top? Will we ever see 64k again? Is this the end of the bullrun?"
Nobody has a crystal ball, I don't know what can happen here. News and sentiment is currently moving the market. In these cases I can do TA up the wazoo but its not gonna do much. Technical analysis warned us we could come down here, but the TA doesn't necessarily tell us about 46k, or any further moves down. The TA doesn't warn us of the complete drivel that Elon excretes from his deplorable orifice some call a mouth.
It takes serious cajones to buy here. It takes conviction formed from research and hours put in. It also takes disposable income!
The best entry was timing the dip, which is hard, .17 and .165 was the play. But that's done and dusted and here we are. If you believe in us ranging in a channel of 50 to 60k, you buy here. Accumulate.
It may also be worth waiting 24 hours and see where we end up.
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VETUSDT Entry SignalsTrying out a classic Bollinger Bands + RSI strategy: VET crossed the lower Bollinger Bands and RSI oversold at 23.18, bounced off support with good volume and showed signs of recovery after. Have always been keen on VET cause the fundamentals checks out with real and implemented use cases. Binance Earnings accepts VET for flexible savings too, plus bonus airdrops of VTHO.
VET DAILY TRADE #18 -> High Risk Wednesday!Todays trade is VERY HIGH RISK
I see a trend line here that is prime for being broken. Todays trade is short term, in and out, likely to fail. You are betting on BTC ranging and trending upwards to 58k in the next 4 to 8 hours. Also betting on VET slightly overreacting to any BTC bullishness.
In this recent uptrend I don't think VET has been particularly bullish, just religiously following BTC price.
Its possible that even if BTC ticks all the boxes for this trade, that VET may not even hit .223
High risk mild reward... lmao
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ENTRY
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BUY: .207 - .209
TARGET: .223
STOP: .2
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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VeChain another channel & another run?Vechain is one of the projects I really believe in, this one will change the entire supply chain system around the world.
It ensures product quality, which is something that most of businesses need, like 99.9%.
Dollar cost averaging into this one is the best Long Term Investment.