ALT SEASON IS NEARBuy the fear, alt season is near.
Market is too bearish and boring, that's when big moves happen... when you least expect it.
VETPERP trade ideas
VeChain: Turning PointVET has dipped into our blue Target Zone (between $0.0292 and $0.0179). Within this range we expect the low of the blue wave (ii) correction and thus the bullish trend reversal. Accordingly, one can use this Zone to open long positions, whereby any stops could be placed around 1% below the lower edge. With the blue wave (iii), we expect an increase above the resistance at $0.055.
Vechain After an inside bar and its inducement was formed yesterday, I had to wait for the opening of a new day to pick a demand zone that will be used for the buy
Bull trap?This M formation appears on the 2 and 4 hour charts and is usually bearish. We see that price came down to $0.036, corresponding to the 0.618 Fib retracement, which adds to the likelihood that this is a bull trap. We see the same pattern printed in the RSI , which I find incredibly reliable. And We see bearish cross overs in several short term time frames up to 4 HTF.
VET has been bogged down by uncertainty in Bitcoin PA and has not been trading with convincing strength enough to break it's overall downward trend.
We can expect Vechain to finish the pattern and fall to around $0.035.
Vechain looking to break $1 this cycle??The pattern seems to fit for the moment on messy little chart :)
Will be interesting to see how it plays out.
Has recently been a surge of new wallets and predictions for a parabolic surge.
With so much going on in the crypto space at the moment im opting for conservatively optimistic
VeChainFor my sport memorabilia enthusiast do i got the one for you. Introducing VET, a blockchain foundation who has just announced a relationship with the UFC. VeChain is powered NFC and blockchain tech that will be integrated into the gloves of the fighters, hence collectibles. Authenticated by blockchain. I think this is big for collectible, because i also read that there will be incentives for actually having owing don't quote me on that. According to VeChain on X. " At UFC 302 each athlete will hold the power of VET." So what does all of this mean, integrated chips will serve as an authentication tool, and a way to engage with fans of the sport. Through bespoke content, dedicated to a single person for unique experiences, marketing opportunities, and special offers such as discounts. It also ensures legitimacy of the item if sold traded, eliminating fraud. One of the biggest reason i took a break from sports collecting. So this might be me back, i do not own any VET or this isnt any financial advice but i do love the idea and concept, and has great potential. Wathing the 0.382 on the FIB, if that fails next support level we are watching will be 0.236 on the FIB.
Sold my Vechain for a $13 profit.I turned my spare $98 into $111, a $13 profit. This has to be one of my worst profits. I usually put $300 into each trade which I will be doing next time and before starting swing trading I missed my first sell signal which I have learned from today.
VeChain Twist: Next Crypto Crash or Rally?VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up.
Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching Wave (2), where we expect it to reach between 50% and 61.8%. This is significantly distant from the current price.
We also anticipate that VeChain might react more sharply to a potential sell-off in the cryptocurrency market than other assets, given its recent parabolic rise and increased volatility. As clarified in our last analysis, we've reached the Wave ((b)) at the 138% level, between 127.2% and 138%, and haven't seen this level since, leading us to expect further price declines. We estimate that for Wave ((c)), we might not immediately see a conclusion but rather a drop to the level of Wave 3, followed by an overarching Wave B and then a Wave C formation. The exact unfolding of this overarching corrective Wave (2) remains to be seen. However, we will not alter our stop-loss and will wait to see if VeChain falls as much as we believe it might.
💰 #VET/USDT VET produced the channel on weekly timeframe👀 Se💰 #VET/USDT
VET produced the channel on weekly timeframe👀
Send it if we do break out✈️
The expected movement of the $VET priceBased on historical chart analysis ..
The price may break the price channel shown in yellow and rise by 100% to 120% .
then retest the channel again and then move towards a new historical peak.
VeChain (VETUSD): Last Impulse before a bigger correction? 📈🤔Let's take a closer look at VeChain BINANCE:VETUSD on the 1-hour chart. We're continuing to hold Wave 4 well at $0.025. Since then, we've developed a 5-wave structure leading to our overarching Wave ((i)). Now, we're anticipating the formation of Wave ((ii)), which should fall within the 50 to 78.6% range. Dropping further down would significantly decrease the likelihood of this still being a Wave ((ii)).
Following this, we expect an uptick for Wave 3 to at least $0.035, representing an increase of nearly 30 percent. This is the minimum we're projecting for our Wave ((iii)).
what next for $VET in Short Term ?The Truth Is We Are In A BullMarket And Taking Short Has More Risk Than Long Positions. If WE Oppose A Correction In This Area; It Would Be A Golden Opportunity To Buy Specially Altcoins That Haven't Rise In Their ETH And BTC Pairs. NYSE:VET Is One Of Them. The Momentum Is Bullish And Most Altcoins Have This Pattern As BTC Had but Broke That And Went To 72K And Now We Can Say 75K Is Inevitable. If There Is A Chance To Buy Altcoins In Opposed Correction; This Head And Shoulders By Breaking 4H TimeFrame 200 EMA Bull Support Band Resistance To Daily EMA Bull Support Band Resistance ( 0.03230 Area )As You Can See In The Chart Below. Of Course, It Should Break My Green Trend Line For Stamp Approval Of This Target. Otherwise, Its Next Target In The Bullish Scenario Is 0.07525. #DYOR #NFA
VETUSD - Bullish CurveVETUSD is in the process of breaking out along this curved trend line support
I expect it to hit the upper dotted line and possibly even break it
Bullish.
This is the 4Hr chart for VETUSD.
$VET Vechain coming to test COINBASE:VETUSD coming down to retest prior resistance.
lets see if we get bounce
Trading Analysis for VeChain ($VETUSD)Let's dive into an analysis of VeChain ( BINANCE:VETUSD ) from a wholesale and retail perspective, emphasizing the importance of buying at value and selling at a premium.
Overview:
VeChain is currently trading within a specific price range, indicating potential buying and selling opportunities for traders. Our analysis focuses on identifying these opportunities and understanding the broader market context.
Wholesale Level:
At the wholesale level, VeChain is trading between $0.02945 and $0.03705. This range suggests the price at which large-scale traders or institutions are acquiring VeChain. Buying at the wholesale level ensures favorable prices, akin to purchasing goods directly from manufacturers at a discounted rate.
Retail Level:
Conversely, at the retail level, VeChain is priced between $0.26 and $0.14. This range represents the price at which individual traders or investors typically enter or exit positions. Buying at retail prices may not be as advantageous, analogous to purchasing goods from a retail store at a higher markup.
Higher Time Frame Analysis:
On a higher time frame, VeChain exhibits a broader trend with significant price levels. Currently, the trend is upward, with a value zone identified between $0.029211 and $0.0400. This zone indicates favorable buying opportunities, as prices are within or below the perceived value range.
Stochastic Indicator:
The Stochastic oscillator is a momentum indicator that helps assess overbought or oversold conditions. Currently, the Stochastic indicator for VeChain is undervalued, with the K% at 20.95. This reading suggests that VeChain may be oversold, indicating limited downside potential in the near term.
Imagine VeChain as a product available for purchase. Just like buying goods, it's ideal to buy VeChain when it's priced lower, similar to purchasing items at wholesale prices. Buying within or below the value zone ensures you're getting the best deal possible.
Conversely, selling VeChain when prices are higher, akin to retail prices, allows traders to capitalize on premium rates. This approach mirrors the concept of buying low and selling high in traditional markets.
Considering the Stochastic indicator, which currently indicates oversold conditions, VeChain may be poised for a potential price rebound or stabilization.
In conclusion, analyzing VeChain from both wholesale and retail perspectives provides valuable insights for traders. Buying at wholesale or within the value zone offers favorable entry points, while selling at retail prices allows for potential profit-taking.
Let me know what you think about the project in the comments!
Remember, successful trading involves strategic decision-making based on market analysis and risk management. By adhering to the principles of buying low and selling high, traders can enhance their chances of profitability in the volatile cryptocurrency market.
VETUSD: Vechain trade to complete fifth Elliott waveVechain has printed a nice rally in its chart that so far has yielded a third wave, currently correcting in wave four.
This market may expect to continue its rise in wave five, as depicted.
$VET BULL PENNANT- $0.07 INBOUNDVechain is forming a nice bull pennant on the daily, once this breaks, we should see a run towards the 7c mark.
VETUSD short term targetsHere is my short term EW count for BITFINEX:VETUSD
Both the weekly RSI and Stochastic are showing signs of real strength.
My initial target for the wave of this impulse is around .0676 (1.618 fib extension)
We may see an ABC correction from there before breaking this resistance and moving higher.
I'll post updates as this wave nears completion to show what my thoughts are next for this chart.
Overall, BITFINEX:VETUSD is showing a lot of strength and we could see much higher prices in 2024.
