#VET (Y23.P1.Video1).Macro outlook and whyHi Traders,
Here are my thoughts on strong fib level supports combined with formations like macro descending wedge and wyckoff.
Please give me a like and share,
Regards,
S.SAri.
PS. this could also be an educational piece on how to plan and how to use fibonacci for measured moves.
VETUSDT.PS trade ideas
VET 4hVET has found support on the 4h chart (white zone). If it breaks out above the local candles on the 4h timeframe, I will enter. This small consolidation phase may also continue for some time, but support is clear.
I am patiently waiting for the right moment to make a move in line with the market .
Possible targets are seen (red zones) on the chart.
+ Small SL
+ Clear support
+ Bullish RSI 4h
Potential Upside MomentumIn the absence of a detrimental reaction to the level of 0.021, the price surge has the potential to extend its upward trajectory, targeting the range of $0.022 to $0.023. Conversely, should an adverse response materialize, the price downturn could endure, finding support within the encompassing range of $0.0176 to $0.0180.
It is worth mentioning that the current Relative Strength Index (RSI) level stands at 58, indicating a moderately positive market momentum. This suggests that the asset in question is currently in a state of equilibrium, neither overbought nor oversold, thus presenting potential opportunities for further movement.
VETUSDT wants the pullback?VETUSDT is currently undergoing an interesting phase as the price tests the demand zone around the $0.019 area. This level represents a critical region of support where buyers have historically shown strong interest in purchasing VET at this price range.
The testing of the demand zone suggests that there is a significant amount of buying pressure at this level, as investors see the current price as an attractive opportunity to accumulate VET. This zone acts as a point of equilibrium between supply and demand, where sellers are less willing to sell their holdings, leading to a potential scarcity of VET available for purchase.
If the price manages to hold within the demand zone and starts to show signs of upward momentum, there is a possibility that new liquidity could be attracted to the market. Traders and investors who have been waiting on the sidelines may see the price stability and potential for an uptrend as a signal to enter the market, thereby adding new buying pressure.
According to Plancton's rules, which may refer to a specific trading strategy or approach, a breakout above the current price level could present a new long opportunity. A breakout occurs when the price moves decisively above a significant resistance level, indicating a shift in market sentiment and potentially leading to a sustained upward trend.
Traders following Plancton's rules might view the price testing the demand zone as a confirmation of its strength and expect a potential breakout to the upside. They may consider opening long positions, anticipating a continuation of the upward move, and aiming to capture profits as the price potentially climbs higher.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
VET All S&R in short term>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
Everything is cleared on the chart.
Chart pattern/support&resistance's/Important lvl.
It's published just to know the support and resistance of the currency price.not a signal.
It's just an analyze,
Not a financial advise.
PLZ DYOR
With hopping success>>>>>
VET LOOKS BULLISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the VET symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
VeChain (VET) Technical Analysis: A/D IndicatorIntroduction:
Greetings to all cryptocurrency enthusiasts and investors. Today, we bring our attention to VeChain (VET). As we delve into the latest technical indicators, our focus is on the Accumulation/Distribution (A/D) indicator. However, we are also keeping an eye on the TRIX indicator, which from our previous analysis, we are waiting to cross the zero line to potentially confirm a price pattern.
Accumulation/Distribution (A/D) Indicator:
The A/D indicator is a volume-based tool used by traders to identify divergences between the asset's price and volume flow. This helps to determine potential buying or selling pressure.
VeChain Analysis:
Our attention is drawn to VeChain’s A/D indicator which suggests an ongoing accumulation phase and a bullish divergence. This is a potentially positive sign, as accumulation often precedes upward price momentum. Despite VeChain's current sideways or choppy price trend, the A/D indicator shows us that a substantial number of coins are being accumulated in this range.
When we view this accumulation phase in the context of the prevailing choppy trend, it aligns perfectly with the A/D indicator’s signals. In such scenarios, the A/D line tends to increase when the security is being accumulated, even if the price movement remains relatively flat.
Conclusion:
In summary, the A/D indicator for VeChain suggests a period of accumulation which could signal an upcoming bullish phase. As we continue to monitor the TRIX indicator for a potential zero line crossing, this could provide further confirmation for our analysis.
However, it's crucial to remember that indicators should not be used in isolation, but in conjunction with other technical analysis tools and fundamental analysis. Always ensure your trading decisions align with your overall investment strategy.
Please note that this analysis does not constitute financial advice. Always conduct your own research before making any investment decisions.
If you found this analysis insightful, please like, share, and follow for more updates. Stay tuned for more technical analysis of various cryptocurrencies.
Best regards,
Karim Subhieh
VET/USDT undergoing the re-test Hey guys 👋
VET/USDT pair is next one on our watchlist which is looking for another drop it seems. After a nice breakdown we are going for a re-test which seems to be going out of juice (Support of buyers is getting weaker). We are waiting for additional confirmation here after what we want to see a nice downfall of at least 15%
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
VET | VeChain breaking out of a descending wedgeVET | VeChain breaking out of a descending wedge
VET is showing all the signs of a strong bullish move up with a breakout of a descending wedge, along with a divergence whilst being oversold
| Descending Wedge Breakout
| Untested Weekly Pivot
| CVD Trendline Breakout
| Longterm Support
| Bullish Divergence + Oversold
VeChain (VET) Cryptocurrency Short | Swing Trade | 20% DownsideThe Price has closed below the daily support on 8 May and has also retested the broken. support as new resistance.
A Short can be initiated at Current market price.
This is a SWING TRADE
Entry- 0.0194
Stop Loss- 0.0204
Although if daily candle closes back above the broken support, then exit the trade and no need to wait for stop loss to hit
Target- Final target is 0.0156 but keep booking profits in between and trail you stop losses
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
VET - Inverted head and shouldersHello, thank you for taking the time to read through my post. I would like to discuss here some technical ideas related to VeChain.
As you already know, VeChain is gradually forming a bottom. This floor is in the form of a Classic Price Pattern called "Inverted Head and Shoulders". This pattern is often found at important reversal points and is therefore a sign of a trend reversal. The upper black line is the resistance, but also the so-called "Neckline". To confirm an Inv H&S we would need a clearly defined breakout above this line. We cannot say when this time will be, but we can use technical indicators to uncover the story. I would like to discuss with you the TRIX indicator.
Short intro to TRIX:
The TRIX is a Triple Smoothed Average line, also known as the Triple Smoothing Exponential Moving Average or EMA. It can be used both as an oscillator fluctuating around its zero line, called Triple Exponential Smoothing Oscillator, and as a momentum indicator. In accordance with the nature of moving averages, the TRIX is a smoothed indicator that filters out false signals. The TRIX indicator achieves the best results in clearly trending markets.
So by definiton this indicator is a help to filter false signals. As you can see here, the TRIX is now very close to the 0 line and tries to break it from the bottom to the top, which could be a very good signal for an uptrend.
So my idea: If the TRIX pushes above the 0 line, that will drive the price to resistance line and when that happens, our classic price pattern will be confirmed.
So keep your eyes open and your ears stiff,
until next time my friends,
Kami