VET/USDVeChain update:
As with most cryptos, downwards pressure is still dominant.
VET is still in a Descending Channel, VET broke above the Descending Channel on the 3rd of March but quickly came back down and closed back inside the Descending Channel so the Descending Channel is still valid.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that we have expansion of the Lower Bollinger Band and this expansion is for negative momentum.
VET is getting very close to its Least squares Moving Average (LSMA) indicator, a close below the LSMA will be considered a sell signal on this 1 day timeframe for this indicator.
VET is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
VET is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 11x daily candles that i have selected.
I have added various Support and Resistance areas s highlighted by the Horizontal Blue Line with Yellow Shading.
Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is sideways at the moment and still under the 0.0 Base Line in the Negative Zone. If the MACD Line (Blue Line) crosses back under the Signal Line (Orange Line) then that will be considered a sell signal for this indicator on this 1 day timeframe. Not that the last 3 Green Histograms have lightened and lessoned in size indication a weakening of positive momentum. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since the 21st Nov 2021 on this 1 day timeframe.
Looking at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Bluer Line) is still below its %D Line (Orange Line) on this 1 day timeframe. Important to note that the %K (Blue Line) still has plenty of room to drop much more before becoming Oversold on this 1 day timeframe.
Looking at the Average Directional Index (ADX DI) we can see that the trend strength is very weak with the ADX (Orange Line) under its 20 Threshold at 19.23 and still under its 9 Period EMA (Black line) which is at 21.60. Note that Positive Momentum has dropped its the +DI (Green Line) dropping to 19.26. Negative Momentum is still dominant but has dropped to 23.63.
Here is a wider look at this VET/USD 1 day chart so you can see the previous VPVR POC area:
I still think that BTC will hit $24k this year, if that is the case & if downwards pressure continues and VET breaks below its $0.0389 support then i think we will see VET hit around $0.0293 - $0.0282 as that area is VET’s previous very strong VPVR POC area.
At the moment, the Market Makers have decided that the path of least resistance to profit is still downwards, this goes for most stocks, Indices and Cryptos. As we know BTC is following the downwards momentum of the stock market and all alts are following BTC.
I closed all my crypto trades back in Dec 2021, luckily still in profit. I have only had 1 crypto trade on since which i closed at a 10% profit, that was a VTHO/USDT trade. I am positioning myself to fully be able to buy back in on my various cryptos of choice when the time arises because bear markets do not last forever.
I hope this is helpful with your trading and hodl-ing.
Vechain
VET Go TimeWe can see that every time the VET:ETH chart gets to this low of a level, it starts to take off. Usually fairly quickly, but it has been slower once before. Let's continue to see what happens. I've been watching this for a few weeks, and like clockwork, the red flipped green when in entered to box.
VET/USDT ANALYSIS Weekly bullish?VET strong rejection after hit support trend line and breakout from falling wedge pattern in daily chart
RSI weekly on accumulation zone
according to elliot wave correction (ABC) theory has finish, and will try going to wave 5 , Valid if Vet breakout descending triangle in weekly chart
it's good for long term holders
TRADE ENTERED VET/USDTThere is a fine line between impatience and taking a punt on max value, this is always my main conflict when entering positions. You may say (Whilst being correct possibly) you should have waited for a close above the resistance trend line, you should have waited for confirmation on BTC bearish/bullish confirmation. Well, famz, all I am doing is sharing my fun, so watch with interest as implied (Not technical advice) hahaha Hope you are all well.
VET/USD: Vechain to the bear marketIn this special analysis, I analyze the cryptocurrency Vechain, and also, becuase I'm very interesting to study this cryptocurrency to starting to save money and find down the exactly point to buy cheap and accumulating a lot about this cryptocurrency by medium to long term.
Vechain it's another cryptocurrency that I admire a lot and has a good fundamental analysis that I heard about it. But I just want to share my idea where Vechain going to this bear market
Vechain worth $0.04 cents and I have my perspective that Vechain it's leading to $0.01 cents approx. But also, I have another point that Vechain could to reach include to $0.009 cents approx. And also, we could to see a price of 0.023 cents approx. But I proyect that Vechain it's leading to the exactly $0.01 cents.
Falling wedge on the Weekly VECHAINWe have this beautiful falling wedge on the weekly chart.
As we all know Vechain has great fundamentals but the price is falling like rain, but i think we are at the bottom, because of this falling wedge on the weekly.
I have missed the train and bull run for vechain and now i am happy to have this opportunity to buy that great project so cheap.
The price target should be at the top of the wedge which is 25 cents but i think we can go way above that if the bitcoin goes up which i think it will.
What do you think about this falling wedge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
VET TO THE MOON!
🆓VeChain (VET) Feb-26 #VET $VET
VET is still holding the $0.045 zone in the past few days, if it doesn't lose this zone, in the near future VET can rebound strongly to the $0.065 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.045$ zone
🔴Buy : 0.045
🔴Sell : 0.055 - 0.065
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.045$ zone
🔵Sell : 0.045
🔵Buy : 0.04 - 0.035
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
VETUSDT- Trading oppotunityThere is a trading opportunity for Long in the VETUSDT and you can long now according our trading setup.
We hope it is profitable for you ❤️
📊 VETUSDT
🔵 Long Now 0.04650
🧯 Stop loss 0.04285
🏹 Target 1 0.04970
🏹 Target 2 0.05650
🏹 Target 3 0.06800
💸Capital : 1%
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VECHAIN DAILY ANALYSIS🟢 #VET has broken the bearish trend line and is maintaining this range and re-testing the trend line. Price has reacted positively to the 0.382 Fibonacci level and is expected to be moving towards the resistance shown in the chart. Otherwise, the process will fall to the support level and it will be decided again to continue the process. Use the appropriate loss limit for your trades, which has a very high possibility of emotional movement in the market.
⚠ This Analysis will be updated.
🟢Amir Hossein
📅 02.19.2022
⚠️ (DYOR)
VECHAINHello mates, Vechain price analysis shows a strong uptrend in the last 24 hours. The price is approaching the resistance of $ 0.061 with its upward movement. Although the market direction is declining, this coin is growing. Today, the price has decreased slightly, and its trading volume has exceeded $ 243599616. This digital currency is in the 41st position among the top 100 coins, and its market value is 3861240184 dollars.
In daily timeframes, the market is squeezing as volatility has decreased. This means that the probability of price change is directly related to the direction of fluctuation. Less volatility means a lower probability of price change in either direction.
The Bollinger Bands are at $ 0.067 as the strongest resistance, and the Bottom Bands are at $ 0.048 as the strongest support.
The price of Vichin has reached below the moving average, which shows a downward trend. In addition, the price is moving upwards, which indicates the possibility of a bullish momentum recovery.
The RSI is at level 47, which indicates market stability. The downward movement of this indicator indicates a gradual decline in the market and the oversupply of sales activities over the number of purchases.
Conclusion:
Price analysis shows that this digital currency has momentum downtrends and uptrends. Although the bears have gained relative control, buyers have shown positive signs, and the situation is likely to change.
VET/USDVeChain Update
VeChain had broke out of its previous Falling Wedge Pattern but is still in a downwards channel.
VeChain failed 4x to close above its sideways Pitchfork Median Line (A,B,C).
VeChain has closed below its Least Squares Moving Average (LSMA) on this 1 day timeframe. Note that a close below the LSMA is considered a sell signal.
At the moment, VeChain has found support from its Bollinger Bands Middle Band Basis 20 Period SMA. A close below the BB Basis and re-test as resistance will be further confirmation of continued downwards momentum on this 1 day timeframe.
Note that VeChain is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10x daily candles that i have selected.
Note that VeChain is still below its Volume Profile Visible Range Point of Control (VPVR POC) fro this charts visible range.
Volume is still low on this Binance chart and the last 4x daily Volume Bars have closed below its Volume 20 Period MA.
I have added some areas of potential support as highlighted by the horizontal Black Lines with Yellow Shading.
Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has overtaken Positive Momentum on this 1 day timeframe because the -DI (Red Line) has crossed back above the +DI (Green Line). The -DI (Red Line) has risen to 22.81 and the +DI (Green Line) has dropped to 18.72. The trend strength is weakening with the ADX (Orange Line) dropping to 24.14 an it is still below its 9 Period EMA (Black Line) which is at 28.46 and is a further sign of weakening trend strength.
Looking at the Elders Force Index (EFI) we can see that the bulls have lost a lot of strength but is sideways at the moment, note that the EFI Line (Red Line) is still above the 0 Base Line. Note that the EFI Line (Red Line) has dropped below its 9 Period EMA (Cyan Line) which is a further sign of weakening bull strength. If the EFI (Red Line) crosses below the 0 Base Line then that means that the Bears have taken full control on this 1 day timeframe.
Looking at the STOCHASIC indicator (STOCH) we can see that momentum is downwards at the moment and note that the %K Line (Blue Line) is still below its %D Line (Orange Line). Note that the %K Line (Blue Line) is indicating that VeChain still has room to drop before becoming Oversold on this 1d timeframe.
Looking at the Moving Average Convergence Divergence (MACD), we can see that the MACD Line (Blue Line) is point downwards and is still under the 0.0 Base Line in the Negative Zone. The MACD Line (Blue LIne) is still above its Signal Line (Orange Line) so we need to keep an eye on this as if the MACD Line (Blue Line) crosses back below the Signal Line (Orange Line), as this will be a sell signal for this indicator on this 1 day timeframe.
There are a few things to look out for if you are uncertain if or when to go long, be on the lookout for a successful daily close above the LSMA, the Bollinger Bands Middle Band Basis and The Pitchfork Median Line as well as keeping an eye out for any successful retest of those levels as support. With any rise, you need to also keep an eye on the volume as ideally you want any sustainable rise to be supported by increasing volume strength. Also be on the lookout for if/when VeChain crosses back above the upper descending trend-line of the descending channel as well as any successful retest of that previous resistance as support.
So at the moment, it looks like there will be some really good opportunities coming up to acquire more VeChain or your crypto of choice at a much cheaper price.
I hope this is helpful with your trading and hodl-ing.
VET: Cup and HandleVET/USD (4Hour)
Bullish case:
- Has found previous support and broke through resistance lines.
- Cup and Handle looks to be in play with it possibly hitting old support which should serve as resistance at the $0.08 range
- Golden Cross looking to form in the upcoming candles
Bearish Case:
- Could get rejected at the peak of the handle at $0.07.
Thoughts?
VeChain Weekly ChartVet Weekly Chart
Vet Chain is , as most of Crypto coins are, trending down since the ATH April 2021.
The last two weeks the price bounced off the major S/R around the 0.050 area, and is approaching another resistance at 0.06750
To make it to 0.075 (also 78.6% Fibo Ret of the last swing from 0.18755)
Vet price need to stay consistently above 0.06750.
Weekly trend reversal will be in place above 0.1000 and by the time would be nice to breakout the diagonal trendline
0.10 is also a 61.8% Fibo Ret of the last swing down from 0.18755
Below 0.050 the next stop may be the 0.040 area , with the nightmare scenario as to go to 0.030.
My focus will be on any candles pattern to confirm the 0.06750 support.
Also, at H4 Timeframe MA200 is now support.
This is only my personal view, Not Financial Advice here.
VECHAIN , Falling Wedge ✅All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help .
⚠️ This Analysis will be updated ...
📊 #VETUSDT ( Vechain )
💹 Time Frame : Weekly
👤 Saeid.Mahbob
📅 10.Feb.22
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
VET : USD New Bull Targets $0.64c - $0.71 Like almost everything else in the crypto space, the proposed wave 4 for Vechain is deeper and has taken longer than I would like to see. Worth noting is that wave 3 didn't hit the full 1.618 extension either. Above is the bullish case but I also have a bearish case in mind that I will post early next week.
Key Points:
Wave 2: Hit high probability zone (0.618 fib)
Wave 3: Hit 2nd most likely extension (1.272 fib)
Wave 4: Retraced deep (0.5 fib)
Wave 5: Target $0.64 - $0.71
Wave C of the 4th wave correction only extended to 0.786 of A wave projected from the end of wave B.
Median line trade in play
The Trade:
Entry 1: Retest of the 1h 244 EMA
Entry 2: Breakout and retest of the 4h EMA once it had crossed bullish
Target 1: Median line ~$0.20 (80% probability trade as long as wave 4 pivot holds)
Target 2: 0.236 fib of wave 3 $0.64
Target 3: 1:1 of wave 1 projected from end of wave 4 $0.71
Stop 1: Break and close below 1h 244 EMA (Can re enter on any bullish break above the EMAs or any retrace to significant fib zones, but a break below the wave 4 low had me out of this trade to re assess)
Stop 2: Once the 4h 244, 169, 144 EMAs have crossed bullish and price is above, Exit position on the break close and test from below the 4h 244 EMA
*Note:
After looking at this again I realize the 4th wave correction should be labeled as a WXY correction instead of ABC- I also realize labeling as an WXY without putting it on the chart itself might confuse new traders and either way it doesn't change the outcome of the projections so I'll leave it as is for now!
Never Trust. Verify.
D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Please be aware: these analysis take a considerable amount of time, consequently, I'm not taking any analysis requests.
Please respect my time and don't ask; because I feel bad when I have to reject you!
VETUSDT TECHNICAL ANALYSISThe candles break out down trendline and one candle open-close above to down trendline. Also, MA changed to direction as well. Not only that, we have received multiple buy signals from @EngineeringRobo as well and Candle is staying above to support line as well. If market not get any correction in short time, we may earn approximately 46%. Let's follow our analysis together and do not forget the follow me.
"NFA"