VETUSDT
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.
VET TO THE MOON !! BIG PICTUREHello,
As per the request from my members here is the vet analysis,
seems a little pullback is required to demand zone before marching on towards 1.50$
perfectly above the 20 daily moving average.
Cheers.
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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Fundamentals
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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 🎲
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