Vechain looking for a bullish pumpVET is one of the few cryptos that has not gotten a significant bullish rise over the past several months. It is currently testing a historical parallel trend line that was previous support over the past few years.
We could be seeing a 4-5 cent vechain if it find support here.
VETPERP trade ideas
VeChain 1H VeChain 1h shows a trading scenario where the price is interacting with significant levels identified by Smart Money Concepts, specifically with a bearish fair value gap (FVG) indicated by the red zone. The bearish FVG is a region where the price previously dropped sharply, suggesting a lack of fair value as perceived by the market, and it typically acts as a resistance area when approached from below.
Currently, the price is consolidating around the 0.382 Fibonacci retracement level at approximately $0.0462, with the FVG looming above as potential resistance near the $0.0480 level. The RSI is hovering around the neutral 50 mark, indicating a balance between buying and selling pressures. The MACD is below the zero line, signaling bearish momentum, but the converging lines could imply a weakening of this momentum or potential reversal if they cross upwards.
Traders using Smart Money Concepts might anticipate that if the price reaches into the bearish FVG and rejects, it could confirm the presence of strong sellers in that area, potentially leading to another leg down. Conversely, if the price were to breach the FVG, it could indicate a shift in market sentiment and a possible change in the dominant trend.
Watching how the price reacts to these Smart Money indicators, alongside other technical elements like Fibonacci levels, RSI, and MACD, can provide insights into near-term directional biases and potential breakout or breakdown points.
VeChain weekly analysis📈👀VeChain weekly analysis📈👀
From its ATH VET perfectly touched the POC🟢corresponding to the FIB Golden Pocket🟠
The DPPM just switched🟢‼️
Will MA Ribbon follow❓
bearish scenario🐻
Price goes direction FIB 78.6% - the last support
bullish scenario🐂🚀
TP1 = FIB 38.2%
TP2 = last ATH
TP3 = FIB 127.2%
TP4 = FIB 161.8%
You don't believe in these high marcet caps❓
Look at Bitcoin‼️
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
VETUSD; Vechain Elliott Wave HistoryThe Vechain project has maintained an active trading market for its token (VET) for several years. With the ups and downs of the larger blockchain sector it has printed the large pattern of an Elliott Wave flat correction on the chart.
Emerging from this correction appears a fresh impulse driven by the 2024 bitcoin run.
Vechain- Correction soon startsGoing Short for the Ve-chain
-Overbought RSI
-Very high volume indicating the climax of the uptrend
-wave (V) has completed
Can VET Climb the Wyckoff Ladder? Decoding the ChartThe VET/USD chart shows an interesting development with a potential resemblance to a Wyckoff schematic. Based on technical analysis, this pattern could indicate a move towards $0.25 in a few months. However, remember that the crypto market is volatile and reaching this target is not guaranteed. This is not financial advice, and other factors are crucial before investing. What are your thoughts on this potential pattern and its implications for VET?
VETUSD On the verge of an enormous rally.VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for VET.
This resembles the break-out on the June 08 2020 1W candle, which extended above the 0.786 Fibonacci level measuring from the first Lower High and after a pull-back to the 1W MA50 (blue trend-line), it made the ATH just below the 2.0 Fibonacci extension.
As a result, our target on a 6-month horizon is 0.14500, which is at the bottom of the Lower High Resistance Zone.
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VET BUYZONE visible?? Looks like we are going to have some bearish senario before extreme bullishness. If the 0.026 we can see a beautifull move to the 0.0145 level. From there we need to see some compression pattern, put stoploss below and go to Niburu!!
Lets see how it works out mamacotas!!!
vetusdtT=0.057
T2=0.071
In technical analysis, Wolfe Waves are price patterns consisting of five waves that indicate either bullish or bearish trends.
To be properly identified as a Wolfe Wave a series of criteria must be met, such as wave cycles each being similar and distinct price action in the third and fourth waves.
For a true Wolfe Wave, the fifth wave instance in the pattern will be followed by a breakout in price.
🚀 VeChain Analysis: Navigating the Waves 📈VeChain (VET-USD) is showing promise on the 4-hour chart. We are currently in an upward 5-wave structure, specifically in Wave 4. Waves 1 and 2 were completed on September 11, 2023. Following a strong surge for Wave 3, we've observed a recent pullback since the end of last year for Wave 4. I anticipate this wave to find support between 38.2% and 50%. Subsequently, Wave 5 could propel us to possibly reach $0.055 USD. I'll keep you updated as the situation evolves. The Bitcoin spot ETF decision in three days will likely be crucial. 🔍🚀
VET/USD Main trend. Accumulation / distribution. Pivot zonesThe main trend. Logarithm. Time frame 1 week.
This time frame is more for orientation, where the price (area to work or monitor now) is in the main trend and what is the potential for price decrease/increase from its values now. The exception, this work and analysis is for investors and position traders with large capital, who are not interested in short-term and medium-term price movements for a small %.
The average prices of the accumulation and distribution zones of the last cycle are marked. Previously actively traded this coin, the previous ideas fixed under this trading idea.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work .
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Secondary trend.
VET/USD Secondary trend. Wedge. Pivot zones.The secondary trend. Logarithm. Time interval: 3 days.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many cryptocurrencies, is in substantial profit. In case the existing support breaks through, there is a prospect of shorting to the designated reversal zones.
Work in the long.
I have marked the reversal zone support levels and percentage of them to the resistance zones.
Linear chart. Time frame is the same.
Local area of double bottom 40%
Major trend. Time frame 1 week.
VET/USD Main trend.Accumulation/distributionPivot zones
VET - USD WEEKLY CHART 2024VET - USD WEEKLY CHART
EMA: 12 / EMA 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
Simple moving average on weekly chart, volume, accumulation phase, bull break. Profit Target, and re-entry strategy.
VET - USD Daily chart 2024VET - USD DAILY CHART
EMA: 12 / EMA 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
Fib. Extension
VET - USD 2024 STRATEGY - Daily ChartVET - USD DAILY CHART
EMA: 12 / EMA 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
Volume spike (Oct, 2023)
Fib. Extension (on log scale)
5 wave strategy
VET - USD weekly chart 2024 strategyVET - USD WEEKLY CHART
EMA: 12 / EMA 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
Volume spike (Oct, 2023)
Fib. Extension (on log scale)
5 wave strategy
Targets set.
VET - USD 2024 STRATEGY #2 VET - USD MONTHLY CHART
EMA: 12 / EMA 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
Volume spike (Oct, 2023)
Fib. Extension (on log scale)
5 wave strategy
Targets set.
VET - USD MONTHLY CHART STRATEGY BULL 2024VET - USD
2024 buying selling strategy.
Indicators:
EMA: 12 / EMA: 26 /
SMA: 50 / SMA: 150 / SMA: 200 /
VOLUME (Spike Oct, 2023)
FIb. Extensions (on log scale)
RSI: confirmed
3 Wave strategy
VETUSD Possible ScenariosI don't have an open position on this coin but chart printed a successful breakout.
VetusdVetusd on the weekly i have a measured move from the cup confluence with resistance key top of Descending channel.
Vechain looking amazing on the Monthly TimframeIt has been 2 years since we've seen the MACD turn positive. I am looking at the monthly because I'm holding throughout the bull run and halving. So I want to see what its looking like on a big scale.
Looking at a 20X from here as the measured move.
if only if..if it can close at $0.03 on the weekly and chill there for a week or 2 without going below that white line i think this could be a safe play..
VET/USDTIn my opinion, wave 2 is completed and we are in the accumulation phase. As soon as the downtrend breaks, wave 3 begins.
