VeChain (VET) - May 21Hello?
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(VETUSD 1W chart)
(1D chart)
We need to see if we can get support at 0.12828604 and get off the downtrend line.
If it falls from the 0.12828604 point, a Stop Loss is required to preserve profit and loss.
However, it may rise along the uptrend line, so careful trading is necessary.
In order to turn to an uptrend, it must rise above 0.17029034 and gain support.
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(VETBTC 1W chart)
(1D chart)
We need to see if we can get support from the 316 Satoshi-350 Satoshi section and get off the downtrend line.
If it falls, it remains to be seen if it can gain support at the 248 Satoshi spot and climb along the uptrend line.
If it declines at 248 Satoshi, Stop Loss is needed to preserve profit and loss.
However, you need to trade carefully as you can touch and climb the 221 Satoshi point.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
VETUSD trade ideas
$VET @ 1.618 FIBvechain challenging the 1.618 fib channel level
not easy to find assets performing like this.
ask your financial advisor about vechain to see if it is right for you
some people who trade vechain have experienced euphoria, depresssion, denial, shock and anxiety.
trading vechain is not for everyone
VETUSD 12HPrice has reached the powerful ascending trend line, which price has made very strong moves off in the past. Price has also retested previous resistance as new support structure, which aligns with the 50 fibonacci retracement of the last major impulsive movement. Price is now showing signs of slowing down at the key support zone, showing signs that buyers may step in to start a new impulsive stage & resume the uptrend for a new potential higher high next towards 0.35000 ...
Vechain - winning momentum Traders and Investors welcome -
My name is Kevin find below a summary of what I think Vechain might do and not.
* To be honest I would not have Imagined such selling power within the Vechain community neither within the crypto market that soon. However we still have more than 6 months to close the year with a good result and surpass the ''All Time High''
* We see a lot of liquidity in general, which take obviously place to place better buys.
* See the below image to have a full overview on how I would suggest myself in a long term position
Thanks and take care !
$VET SetupSuper simple setup - crypto is usually that way. It's a symmetrical triangle coming from upside - so bias is to the bull side. Only looking to play the long side in this one. It breaks out above 0.248 today - that point slopes down every day by about 0.002. Remember to look for the daily close as confirmation. Price targets are 0.300 and 0.325. It will break down below 0.154.
Vechain Bull Flag!!Vechain has been in a bit of a cooloff and bullflag since our huge run up, we had a false breakout of the bull flag and we are approaching the bottom also the 0.5 FIB level. I would like to see VET hold this level for our daily close tonight and start to push back up, as you know BTC will drag everything down but once BTC starts to settle ALTs are going to takeoff. We must watch the bollinger bands as we do not want to start riding the bottom band which is very bearish, BTC is actually already riding the bottom band and is falling pretty hard. The RSI bounced off the 50. point line but looks like we are starting to curve up a little. If we do fall hard with BTC i will be buying the dip i think Vechain is a crypto for the future! The MACD is falling but we are seeing some resistance from the red MACD lead, we are starting to even out and point sideways, we want to see the Blue MA flip the orange bullish to get that confirmation of a move up. Not financial advice just my opinion!
VeChain - 4hr Inverted Head and ShouldersVeChain - A quick 4hr chart update
VeChain has broken upwards from its Inverted Head and Shoulders pattern.
VeChain is above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. Note that the Bollinger Bands Upper Band has started to point upwards.
VeChain is below its 50EMA fro this 4hr timeframe. We need to close a 4hr candle above the 50EMA for this 4hr timeframe.
The Ichimoku Lagging Span (Chikou Span) is indicating momentum is upwards or this 4hr timeframe.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is upwards for this 4hr timeframe.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum’s sideways for this 4hr timeframe.
VeChain is trying to get back over its Leading Span B (Senkou Span B) resistance level, crossing this level will take VET out of the Bearish Zone & back into the Equilibrium Zone of the Ichimoku Cloud for this 4hr Timeframe.
The Chaikin Money Flow (CMF) is showing that VET is still in the accumulation zone at 0.13 for this 4hr timeframe.
The ADX (Yellow Line) is at 47 slightly below its 9 Period EMA (White Line) which is at 48. The -DI (Red Line) is at 24.5 above its +DI (Green Line) which is at 15.1. Notice that the _DI (Red Line) is pointing downwards and the +DI (Green Line) is pointing upwards, if upwards pressure maintains then we may see the +DI (Green Line) cross back above the -DI (Red Line).
If VeChain closes this 4hr candle in the Equilibrium Zone, then VET will be poised to attack the Leading Span A (Senkou Span A) cloud resistance to try and get back into the Bullish Zone of the Ichimoku Cloud for this 4hr timeframe. If VET crosses back into the Bullish Zone, we will then get a Kumo (Cloud) Twist back in to green indicating a renewed Bullish Trend for this 4hr timeframe.
I hope this is helpful with your trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
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.
VET - Take A Wild Ride ?VET is showing clear upside price divergence against Bitcoin falling and this is a considerable show of strength. If price remains in this corrective area as Bitcoin descends then it will likely be a continuation pattern for a next wave up. I've plotted a possible elliott wave count and a penultimate with wave projection of $1.53! Invalidation is below the wick down at $0.13
I am surprised by what is happening and it will probably be true for other coins if i is for VET, but VET seems particularly strong right now.
I still maintain that alts will suffer very large losses from wherever their top is, but things are becoming less black and white and lets see what happens. Its a very interesting juncture.
I'll be waiting to see how Bitcoin behaves and if VET holds up I'll make an entry.
Not advice.
VET - Wyckoff Method -6 hourbased on the Wyckoff Method, you can see that we are in Phase C of accumulation.
the "spring" period misleads retail traders who believe a price breakdown and a lower-low are imminent.
Test - The Composite Operator test the price for the last time. If there is a considerable amount of supply, the market is not ready to "take-off" and test may be on the way.
We will need to break the Last point of support, which is resistance at the current price
Once we break the All-time High, we should expect the price to pump towards .30 cents for the first target.
I will update once i get more information after breaking the first resistance.
As always:
Do your own research
Do not trade on emotion, execute logic and willpower
Question the trade, Entry Points/Exit Points, and question your greed.
It is a game, do notlet it play you.
Buy safe entries, never buy FOMO pumps. Safe entry points are unlikely to get retested and but are insanely profitable.
Cut your losses quickly -5%, hold if worse than that. Better yet move money into a different coin you are currently holding.
Keep gains bigger than losses and you will succeed.
Buy the rumor, sell the news
VET Consolidating, where to next?Vechain update:
Daily & 4 HR remain bearish at the moment, but from a TA standpoint it looks like we may have found our support here. This would complete a triple bottom and indicate a reversal to the upside. Looking at he 90min chart we see Cypher B indicator in Panel 2 showing some bullish activity.
Rule of thumb:
-PRICE ACTION FIRST, THEN INDICATORS: at this point in time I would not call a bullish reversal until price action breaks through the waves of cypher A and flips from gray to white. Those EMAs are our nearest resistance with the FIB levels to follow. .20 is our battle ground, break above we're bullish, a rejection would entail another retest of our nearest fib support. For more details or my play by play, feel free to comment and ill get back asap. Personally, I am perpetually long VET as I see this changing and being the future global logistics blockchain integration.