Long term Vechain chart analysis~lets all pray BTC supports 53K~
(1)VET chart is showing triangle pattern. If VET shows some supports around the lower trend-line and break the upper trend-line, VET will show breakthrough around $0.3, so HODL
(2)If VET fails to support the lower trendline, then there's a chance that VET goes down to $0.19
(3)If VET shows support around $0.19 area, then there's a change that VET to reach to $0.216
(4)If VET fails to support the $0.19 line, then VET will show bearish trend until it finds supporting line
This VET chart reminds me of S&P500; chart back in 2011 December (lower high and lower low). We can't direct compare VET price to S&P500;, but S&P; is now 4173 (around 1200 back in DEC,2011). So let's wait and see how VET does.
VETUSD trade ideas
VET VET looks bearish, taking out some profits wouldn't be such a bad idea since it just had broke out of its triangle. .17 will be one of my targets I do sure hope it doesn't reach that though
Early guess, VET forming an ascending triangle? (1hr chart)Not sure if it would be valid, since we dropped into the pattern.
VET's daily rsi is now close to leaving the overbought zone, which i'm glad to see because I think after the run we just had we need to consolidate. If this pattern plays out, I suppose $0.3 could be our next major stop. However, if we lose the lower trendline, the first thing i'd be looking for is a double bottom at around $0.19. Curious to see how this plays out.
What I'm watching over the next few days (Vechain / USD)If it stays within the section, I see this as a major buy opportunity once it breaks above.
vet/usda lot going on with vechain looks like we have a possible double or head and shoulders. put price is respecting the 21ema. also could be forming a double bottom. im leaning more towards the double bottom.
VETUSDT 4hr ://slite re trace and....i think she might touch .21 .22 range n pop if market is looking strong esp_reatail will carry this one but if u r a longterm vet HODLer nothen wrong wit tak'n profits now n then
VeChain is working on higher highs $VET recovered about 13% since Sunday and continues its uptrend. A higher low was formed on Monday and currently a higher high is being worked on. Breakout above $0.27 would activate the next short-term target at $0.32.
#VETUSD #VeChain
Ascending triangle?Just posting as a noob: ascending triangle.
If the support 1 doesn't hold, it has to go up at support 2.
After that it should follow the lines hopefully :-)
That would be nice for everybody.
Please leave your comments or suggestions below.
Have a nice day!
.17 down H & s bearish time to go lower to .17 cents
I don’t short but I predict this will go down trade at your own risk
VeChain - The Awakening of a GiantVeChain Update:
VeChain has performed absolutely brilliantly, especially during the crypto liquidation the other day.
At the moment of typing this, VET is fighting to stay above its Pitchfork Median Line. Ideally we want this daily candle to close above this level.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways.
Notice how the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) levels are also moving sideways indictating sideways momentum.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards, but be aware that it is a fast reaction indicator.
VET is still well above its Bollinger Bands Middle Band Basis which is a 20 Period SMA.
Notice how the Bollinger Bands Lower Band is starting to curve upwards indicating volatility is slowing.
VET is well above its 50EMA so there is no fear of dropping below that level anytime soon.
If we look at the Chaikin Money Flow (CMF) we can see that the CMF (Green Line) is well within the Accumulation Zone at 0.15 and that strong accumulation has been happening over the last couple of days.
The ADX DI SMA is indicating VET is still in an uptrend for this timeframe with the ADX (Yellow Line) at 78.8 still above its 10 Period SMA (White Line) which is at 74.6. The +DI (Green Line) has dipped to 29.8 but it its still well above its -DI (Red Line) which is at 8.8.
This is all telling me that VeChain is still very, very strong. If VET closes this daily candle below the Pitchfork Median Line, then we may see some continued sideways momentum for a few days bringing up the Bollinger Bands Lower Band ready for another massive move upwards. Saying that however, if VET closes this daily candle above the Pitchfork Median Line, then VET may shoot up again much sooner.
VeChain is a crypto sleeping giant that as of recently, seems to been getting noticed much more and is gaining a lot more mainstream attention. All i can say is, VET should 100% be in your longterm portfolio, so grab a bag before VET gets to $1 and beyond 🚀. Also ask yourself…… are you seriously gonna miss this potential opportunity?
I hope this is helpful with your Trading or Hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
VET BETWEEKLY; left. ONE HOUR; right. VeChain just won't stop. We've built good support above the 4.236 fib at $0.1956, currently trying to complete a bullish inverse head and shoulders to $0.30. Invalidated below the dashed support line at $0.021, buy the dip.
Continuation is the situationSee the idea below back from February to get an idea of how this has moved. Long.
LONG TERM HOLD - VET - $1 by July 2022VET has been one of my Long Term Holds since March 2019. I'm currently up 6000%.
I see it hitting $1 by July 2022 at the latest.
The earlier date is much nicer!!
