Vechain
Vechain #VET. Multi-Month Schiff PitchforkBINANCE:VETUSD
After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone 2 and continues down the multi-month pitchfork as resistance. I'm not a pro and nobody should trade off of my ideas. Just verbalizing it for commentary and criticism to learn.
If it breaks above Zone 1, 1) I will be happy for my long-term bags, 2) Will revisit this chart.
Decentraland 1D TA : 01.07.22 : $MANAAll 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 ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Fantom Daily TA : 01.07.22 : $FTMAs you can see, the price has pullback to the broken level of of its resistance, and if it stabilizes, we can expect further price growth up to the previous ATH.
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 ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Bitcoin Short 6H TA : 01.07.22 : $BTCLast analysis is still valid... All short-term targets reached ...
As we expected, the price break the trading range from the bottom and also lost its important dynamic support. Currently, the first very important support and bearish target is the (Swing Low) price, which is in the range of $ 42,000. Up to $ 42300, if this critical level is broken the next downside targets will be $ 40 ,000, $ 38,600 and $ 37,700 and if all 3 of these support will be lost , the Potential Reversal Zone (PRZ) could be the of 35,500 $ range ... (This analysis will be updated)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.Jan.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Will this become a crypto VET?Like many alts, VET has faced a strong pullback from its ATH in April dropping by >70% (never buy at an ATH). Since then, it has been trading within this weak triangle on the 4-day timeframe. VET seems to have found shallow ascending support along the black line and could make its way toward the upper resistance over the next few weeks.
The support looks strong but the main question is, will the support hold even if BTC drops to ~41/42k? Remember, any candle close below the black line means the idea is cancelled. For now, it is still trading above its 200 day EMA and is testing its 100 day EMA. I think it can move up.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
Vechain ready for a run!!?Vechains daily candle today is rising fast and currently sitting around a +10%, we are looking very bullish if this price action continues and we could be seeing the beginning of a breakout for VET! We are currently trading inside of a bullish triangle where the chances of us breaking out to the upside is likely, especially when you look at our current spot in price, we are sitting above the pivot point where if we can close above could send price action flying upwards likely shredding through multiple major levels on the way. As far as resistance goes we are looking at the pivot point we are currently above and then the top of this bulllish triangle, the 0.6 FIB level and then the R1 resistance apart of the pivot points! for our support we have quite the cushion underneath us we are looking at the midline on the bollinger bands (if we close above today) uptrend support coming from the bottom of our triangle, support at 0.08 cents, and support at 0.069 cents! Looking at our bollinger bands we notice that price action is sitting right below the top band, if we can make the push today to close ontop of here we could be looking at a big run to the upside, even if we take a couple days to do so a close ontop of this top band is going to be very bullish! Our MACD looks good we seem to be starting another bullish run here, the histogram came way down but todays green bar is significantly bigger than yesterdays, showing us a rise in the bullish momentum, and if we can continue this on day after day then we are looking at another bullish cycle. The MA's are a little bit squeezed together which we would like to see that separation, but the blue MA is starting to bounce and seems to be reversing and ticking back to the upside, this is exactly what we want to see here and ultimately continuing this on creating that big separation making it more difficult to trigger a bearish cross! NFA just my opinion!
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
log chart and
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term.
We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon.
Short Term SELL Trade Idea:
- Watch for bearish price action within the current bear flag
- Enter with stops above the bear flag
- Target the 0.50 to 0.60 region
Long Term BUY Trade idea:
- Watch for one more drop back down to the 0.06 level
- Enter with stops below that structure level
- Target the wedge resistance as first target
- Target ATH as second target.
- HODL the rest
Let us know what you think!
VeChain 1d chart - still on Low VolumeVeChain Update:
VeChain is still in its massive Symmetrical Triangle Pattern as indicated by the converging ascending and descending dotted trend-lines.
At the moment, VeChain is trying to stay above its Bollinger Bands Middle Band Basis 20 Period SMA. VeChain need to close this daily candle above the BB Basis. Note that Lower Band is moving upwards and the Upper band is moving sideways.
VeChain is still below its least Squares Moving Average (LSMA) for this 1d timeframe. If you are waiting to go long using this indicator then wait until a daily candle closes back above the LSMA level.
Note that VeChain is still in the Bearish Zone of the Ichimoku Cloud.
At the moment, VeChain is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 6x daily candles that i have selected.
At the moment, VeChain is below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
Note Volume is still very ow on this Binance 1d chart, and note that the last 6x daily Volume Bars have been way below its Volume 20 period MA. We need to see rises on increasing volume for any upwards momentum to be sustained.
I have added some key support and resistance areas indicated by the Black Horizontal Parallel Lines with Orange Shading. I have also added some key support and resistance lines and indicated by the various dashed, solid and dotted lines.
If we look at the Average Directional Index (ADX DI) we can see that Negative Momentum has dropped with the -DI (Red Line) dropping to 19.45. Positive Momentum has also dropped with the +DI (Green Line) dropping to 16.09. Note that the Trend Strength has weakened with the ADX (Orange Line) dropping to 25.24 and is still below its 9 Period EMA (Black Line) which is at 30.19. For any upwards momentum to be sustained, we need the ADX (Orange Line) to stay above the 20 Threshold (Black Dashed Line) and we 100% need the +DI (Green Line) to cross back above the -DI (Red Line) on this 1d timeframe.
If we take a look at the Stochastic Indicator (STOCH) we can see that momentum is downwards at the moment. Note that the %K (Blue Line) is fighting to stay above its %D (Orange Line). The %K (Blue Line) needs to stay above the %D (Orange Line) for continued upwards momentum. If the %K (Blue Line) drops and stays below the %D (Orange Line) then we will see further drops on this 1d timeframe.
Here is a wider look at this 1d chart, you can clearly see the difference in Volume that VeChain has now compared to what VeChain has experienced in the past. At the moment Volume is very, very low.
So what does all this mean to me? I would be very suspicious of any rise happening on really low volume. For me, I wouldn’t get excited by any rise unless its on increasing Volume. As always, we need to keep an eye on what BTC is doing as Bitcoin is still in a H&S Pattern.
Be on the lookout for a successful break above the LSMA indicator level and any successful re-test as support as well as the +DI (Green Line) crossing back above the -DI (Red Line) on the ADX DI indicator on this 1d timeframe.
I hope you’ve found it helpful with your trading and hodl-ing.
VET -VeChain - 4H - Jan / 2022 OverviewHappy New to All ! It is time to set up alerts, because VET after downtrend goes through consolidation right now and… we do aspect UPTREND TO BEGIN! ;)
We are going for a quick look to the charts just to get a bigger picture and do some recap for the last month or two.
Share You thoughts, likes and TA!
VECHAINVechain is battling support and resistance. If it loses support we may go for a retest of around $.06.
We have a long in on Vechain with 2 buy areas. .8-.10 and .6.
Our target RIPFT is .18 - .22
VeChain - 1d chart updateVeChain is still within its Massive Symmetrical Triangle on this 1d timeframe.
VeChain is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are still pinching inwards so that means the Bollinger Bands have a lot of room to expand before becoming over extended.
Note that VeChain is still above its Least Squares Moving Average (LSMA) for this 1d timeframe.
VeChain is still in the Bearish Zone of the Ichimoku Cloud for this 1d timeframe. VeChain still has a mountain to climb before it can attempt to get back into the Equilibrium Zone and then back into the Bullish Zone.
At the moment, VeChain is above its VPFR POC for the Fixed Range of 11x daily candles that i have selected. A very good sign will be if VeChain closes this daily candle above this VPFR POC.
At the moment, VeChain is above its VPVR POC for this charts Visible Range. A very good sign will be if VeChain closes this daily candle above this VPVR POC.
Volume is still low on this Binance Chart, but note that yesterday’s 1d Volume Bar closed above its Volume 20 Period MA.
If we look at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is indicating momentum is upwards and note that it is still above its Signal Line (Orange Line). The MACD Line (Blue Line) is still under the 0.0 Base Line in the Negative Zone, be on the lookout for when the MACD Line (Blue Line) crosses back above the 0.0 Base Line into the Positive Zone on this 1d timeframe.
If we look at the Average Directional Index (ADX DI) we can see that the Trend Strength has dropped slightly with the ADX (Orange Line) dropping to 43.05 and dropping below its 9 Period EMA (Black Line) which is at 44.21. Note that the -DI (Red Line) has dropped to 22.52 indicating Negative Momentum has dropped. Note that the +DI (Green Line) is slightly sideways at the moment at 13.49. Be on the lookout for when the +DI (Green Line) crosses back above the -DI (Red Line) as this will indicate that Positive Momentum has become DOMINANT over Negative Momentum on this 1d timeframe.
Here is a wider look at this 1d chart:
I have added 2 areas of interest on this chart indicated by the Horizontal Parallel Black Lines with Yellow Shading. The bottom area is our major support area that VeChain must keep closing above. The top area is the next major area of resistance that VeChain must break back above and more importantly CLOSE a daily candle above this area of resistance. Keep an eye out for any successful re-test a support if there is a breakout.
I hope this is helpful with your trading and hodl-ing.
VeChain VET with enough power to break MA Ribbon?VeChain VET with enough power to break MA Ribbon?
This daily MA Ribbon is more than well respected.
The RSI shows room to grow before reaching the resistance.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
VET Big Symmetrical Triangle reboundVET/USD (Daily)
Bullish Case
- Uptrend Support Line being held, seem to have found Support between $0.07-0.08 area which is previous supports and range for a while now.
- Symmetrical Triangle intact.
- MACD/Signal and Histogram reversing
- RSI low and reversing.
- Bullish Divergence with RSI.
- Market Cipher B shows a Big Bullish push-up with a print of multiple Green Dots printed at the lows.
Bearish Case
- Can see further drops to the next lows at $0.055-0.06
Thoughts?
VeChain | VETUSD TrendWatch For Buy Opportunities On The 3H Chart. Watch for pin bar, inside bar, and engulfing bar price action signals.