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VETUSDT

$VET/#USDT [#VeChain]: Resistance_BreakoutHey traders, we've identified a Resistance Breakout on the $VET / $USDT chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.02593 | 0.02829 | 0.03221 and the major support zones are respectively at 0.02201 | 0.02045 | 0.01653. It is a bullish indication and we may consider entering at the current price zone at 0.02546 and targetting higher levels. Technical Metrics : Current price: 0.02546 24H Volume: 13,255,198.8164 ₮ 24H Price change: 8.433% - Pivot Points - Levels : Resistance: 0.02593 | 0.02829 | 0.03221 Support: 0.02201 | 0.02045 | 0.01653 Indicators recommandation : Oscillators: SELL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth VETUSDT technical analysis on > Tradingview TA page What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here
by Crypto2AF
$VET/#USDT [#VeChain]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $VET/$USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.02607 | 0.02756 | 0.03147 and the major support zones are respectively at 0.02216 | 0.01974 | 0.01583. We may consider entering a trade at the current price zone at 0.02484 and targetting higher level. - Technical Metrics Index: -- Current price: 0.02484 -- 24H Volume: 15,102,230.6324 USDT -- 24H Price change: 10.449% - Pivot Points - Levels: -- Resistance: 0.02607 | 0.02756 | 0.03147 -- Support:0.02216 | 0.01974 | 0.01583 - Indicators recommandations: -- Oscillators: NEUTRAL -- Moving Averages: STRONG_BUY -- Summary: BUY
by Crypto2AF
✴️ VeChain Falling Wedge Opens 159% Potential Mid-TermThere are so many reversal signals here that it is hard to choose where to start... Ok. Late December VeChain (VETUSDT) printed a DragonFly Doji candlestick. This is the one with a small real body and a long lower wick/shadow. When this candle shows up at new lows/support, it can be read as a strong reversal signal. The fact that it is followed by a full green candle the next week, gives confirmation. This current week also starting green gives additional strength. This is a strong bullish reversal bias based on candlestick reading from the last three weekly candle. The RSI hit a low and is now curving upwards. We have very big falling wedge pattern breaking bullish. The Red Ichimoku cloud is on top and prices are normally attracted to this cloud. After years of bearish action, the resistance levels turned support need to be tested and thus we come to the following conclusion: VeChain is set to move up. First stop/target will be EMA21 or 0.382 Fib. extension at 0.02150-0.02240 for 25%. Second stop/target for 53% will be 0.02679. Third target almost reaching EMA50 at 0.03333 for a nice, ~90%. Fourth and last target is the 1.618 Fib. extension level matching the weekly EMA100 blue line or 0.04530 for a great 159%. That's the potential, now the risk. The stop-loss can be used as a manual stop-loss, our preferred method, when an entire session closes below 0.01500. If this criteria takes place a buy can be closed. Very low risk... High potential for rewards. Namaste.
Long
by MasterAnanda
2
VETUSD may drop even 80 % in this bear marketVETUSD looks mega bearish. The price got rejected from the resistance multiple times. To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold. In case of playing short position , we recommend taking profits at support levels (red lines). Probably many persons will think that it's crazy to predict 80 % drop for VET, but remember, this is crypto and altcoins may go parabolic down in a bear market . Alts can reach crazy low levels before finding the bottom. BTC.D looks like it wants to rise which is another reason why we expect altcoins to dump a lot.
Short
by vf_investment
5