VETUSD Spot Trade Idea - VeChain
Entry: 0.11000
Take Profit: 0.12200
10% Profit In and Out and the trade is done in a few days even shorter.
I use the 1HR charts for these trades.
Saturday 18th Sep/21. Bitcoin just did a lower low to $47600. This is the first video I ever published on TradingView. Suggest any improvements below thank you. I watch markets 24/7.
This is just a basic buy and sells trade! Est a day or a few days/weeks.
Though HODL as long as you want.
Jaffasoft Signals:
See me on Twitter as Jaffasoft and Etoro for the performance of a publicly shared portfolio.
Disclaimer: You must understand trading has risks and this is not financial advice.
Vechain
VeChain - Longterm Weekly Chart AnalysisLet’s have a look at the weekly chart for the most criminally undervalued crypto EVER. A Blockchain that is actually being USED by some of the words top companies and has a client base that would make any corporate jealous & salivate with envy. It HAS and IS everything every other Blockchain wishes it was. Worthy of note it that the behemoth PwC is an actual shareholder! I’m talking of course about VeChain.
VET is below its Bollinger Bands Middle Band Basis 20 Period SMA. A weekly CLOSE ABOVE this level is crucial.
VET is still above its 50EMA on this 1W timeframe.
VET is still above its Least Squares Moving Average (LSMA) and note that the last weekly candle bounced off the LSMA as support.
Note that overall Volume is still relatively low and the last 16 weekly Volume Bars have been below its Volume 20 Period Moving Average.
VET is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range.
VET is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 Weekly Candles that i have selected. A weekly Candle CLOSE ABOVE this POC is crucial.
I have added a few support and resistance areas. At the moment, VET has found some support from its lower support area located at around $0.107 - $0.113 . A weekly CLOSE ABOVE the support are is crucial but not the end of the world if we don’t as there is still a lot of support below.
Note that VET is in a massive Symmetrical Triangle on this weekly timeframe. Note that the APEX is around the week of the 13th December.
The Moving Average Convergence Diveragnce (MACD) is indicating momentum is downwards at the moment and note that the MACD Line (Blue Line) has crossed back under its Signal Line (Orange Line) creating a Red Histogram. Note however that the MACD Line (Blue Line) is still above the 0.0 Base Line in the Positive Zone. A drop below the 0.0 basle line on this 1W timeframe will be very bad so its crucial VET stays above the 0.0 base line in the positive zone.
The On Balance Volume (OBV) is indicating momentum is downwards within a range at the moment. Note that the OBV (Blue Line) is below its 9 Period EMA (Yellow Line). We need the OBV (Blue Line) to cross back above the 9 Period EMA (Yellow Line) as well as break back ABOVE the dotted line at around 162.8B and then at around 163.72B for upwards momentum confirmation. The OBV indicator needs to stay above the 160.079B level.
Looking at this longterm chart, even if VET does drop lower, it would still be in a longterm uptrend so long as VET CLOSES ABOVE its Longterm Trend-Line (Dashed Line).
Unless BTC massively shits the bed again down to $28k then VET won’t drop to $0.07 but VET may possibly drop to $0.099 - $0.0934 if downwards pressure continues and VET cannot make a higher low or higher high next week.
Hopefully, after the release of POA2.0, we’ll see VeChain added onto other major exchanges & platforms like Kraken, Coinbase, Phemex, eToro and Bitstamp which will bring much needed liquidity and exposure. I mean FFS, if ShibaInu & Dogecoin are good enough for Coinbase & eToro, surely VET must be. ;-)
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on Chart
50EMA = Yellow Squiggly Line on Chart
Bollinger Bands = Grey Bands on Chart
Longterm Trend-Line = Dashed Line on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bars = Green and Red Bars Bottom of Chart
Volume 20 Period MA = Blue Line going through Volume Bars on Chart
Support and Resistance Areas = Black Lines with Yellow Shading on Chart
Symmetrical Triangle = Ascending dn Descending Trend-Lines
VETUSDT 1DA flag pattern is formed for this altcoin
As prices rise above the resistance of the flag pattern, more buyers are expected to enter the market
After that, Wei China will be on a certain path to the September 6 price ceiling at $ 0.15
On the other hand, bears can push the price towards supporting the flag pattern
In this case, the price is expected to move back to the levels of $ 0.1 and $ 0.095
Thankful
good day
VETUSDT - 2 possible upcoming entries - +10% LONGVET is bumping against an upper trend line, if it gets broken on 4 hour it triggers a long for me. Depending on market conditions I may seek extra confirmation and require break and close on 1day.
If BTC experiences some downside I will look to enter off a retest of 0.11 support.
Be looking to take profit at 0.14
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FUNDAMENTALS
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Logistics
Rank #26
Market cap = $7.7 billion
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NOT FINANCIAL ADVICE, please don't trade off solely my ideas. Always do your own TA and develop your own convictions.
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VeChain Falling wedge Vechain at the 4 o'clock shows on the bigger picture a Broadening Wedge where the top has already attempted a breakout but the support (formerly resistance) has failed to hold. The Bears were somewhat represented about that and managed to bring the price down quite a bit. Now that an M pattern (bearish) is visible in the possible falling wedge formation, I am extra careful to see if the Bulls can keep the support.
You also see on the RSI that in addition to the hidden bearish divergence on which the price has already fallen, the RSI makes higher bottoms and the price (on the bodies) is falling, which means that there is bullish divergence. The divergence could give the Bulls a chance to move up again and further extra confirm the falling wedge formation, the price must not fall further otherwise divergence is eliminated.
if there is a breakout to the upside on the Falling wedge, the bulls could seek resistance towards $0.14 again.
But if we break through the current support, a further decline towards $0.093 is quite possible.
Keep calm, trade safe and manage your risk.
(Disclaimer: this is not financial advice)
VET Wedge Formation !VET has made a wedge pattern in the daily time frame. MA200 also supports it. Try to accumulate it from here to the support area and wait for the breakout. Stop-loss can be set under the support area.
🚨 BTC Dominance is on support too. So, LONG trades on alt coins can be high risk now. Don't forget to set stop-loss.
VET to ~$.50 range or higherWe would all love to see $.50+... However, I'm cool with this amount of hopium... for now! ;)
VET Back in the descending triangle - Wait for the breakout!Here's a quick look at VET 6 hr chart. As we can see, the price broke out previously but has now broken back into the descending triangle due to the Bitcoin crash. The price is now in the descending triangle and the idea is to buy when the price breaks back above the falling wedge .
The best entry would definitely be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedgel and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone
1. 0.137$
2. 0.147$
3. 0.154$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
VeChain - 4hr Chart UpdateVeChain 4hr Chart Update
As usual with the massive Longs Liquidation yesterday, our beloved VeChain got hit with one of the worst drops compared to other assets, basically erasing all the gains from 31st August. More on this later.
VET is still within its upwards Pitchfork Pattern (A,B,C), it actually dropped all the way to its lower blue support line and bounced back up. VET eventually needs to make it back ABOVE the Pitchfork Median Line.
VET is below its 50EMA on this 4hr timeframe.
VET is below its 200EMA for this 4hr timeframe.
At the moment of typing this, VET has found some resistance from its Least Squares Moving Average (LSMA) Level. We need a successful 4hr candle CLOSE ABOVE this level for continued upwards momentum.
VET is way below its Bollinger Bands Middle Band Basis 20 Period SMA, we have had massive expansion of the Upper and Lower Bands but note that the Upper Band is starting to point downwards and the Lower Band is starting to curve around indicating we may see some consolidation and reduce volatility.
VET is still above the Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
VET is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed range of 10x 4hr Candles that i have selected.
We have seen increased Volume on this 4hr timeframe and note that the last 2 4hr Volume Bars have closed green and above its Volume 20 Period MA.
The Average Directional Index (ADX DI) is indicating the trend strength is strong with the ADX (Orange Line) at 45.40 above its 9 Period EMA (Black Line) which is at 40.72. Note that the +DI (Green Line) is pointing upwards at 9.94 and the -DI (Red Line) is pointing downwards at 37.29. This tells me that while Negative Momentum is strong, it has lost some momentum and Positive Momentum is starting to increase. We need the +DI (Green Line) to cross back over and ABOVE the -DI (Red Line) for renewed positive upwards momentum strength.
The Chaikin Money Flow (CMF) is indicating that VET is back in the Accumulation Zone. Note that the CMF (Green Line) is below its Least Squares Moving Average (LSMA) which shows a lack of accumulation strength. We need the CMF (Green line) to cross back ABOVE the LSMA (Blue Line) for renewed upwards momentum.
I got asked yesterday, “why does VeChain suffer the most when Binance Futures gets liquidated? is it because of weak hands?” It’s nothing to do with weak hands, from my opinion VeChain suffers because it doesn’t yet have the liquidity cushion of other exchanges like Coinbase, Bitstamp, Kraken and many other major exchanges that BTC, ETH and ADA have to help cushion any major drop, so when Binance Longs gets gutted by Binance themselves, VET suffers greatly. This is just my opinion, but it actually makes sense, so it's probably true ;-). Hopefully after the release of POA2.0, we’ll see VeChain and VTHO added onto some of other major exchanges increasing liquidity.
I hope this is helpful with your Trading and Hodl-ing.
Notes for those who don’t know:
LSMA = Black Squiggly Line on chart
50MA = Yellow Squiggly Line on Chart
200MA = Red Squiggly Line on Chart
Bollinger Bands = Green Bands on Chart
Pitchfork = A,B,C Pattern on Chart
VPVR POC = Long Horizontal Red Line on Chart
VPFR POC = Short Horizontal Red Line on Chart
Volume Bar = Bottom of Chart
Volume 20 Period MA = Orange Line Going through Volume Bars
VeChain (VET) - September 7Hello?
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(VETUSD 1W Chart)
If the price holds above the 0.06265984 point, it is expected that the uptrend will continue.
(1D chart)
I think it has entered the high point section as it climbed above 0.12610267 point.
Overall, the 0.16800141-0.22890460 section forms a resistance section.
Therefore, you should check the change in volume when it rises above the 0.16800141 point.
Among them, the largest resistance section is 0.20955073-0.22890460 section.
It is important to keep the price above the 0.16800141 point, even to break through this resistance area.
If it falls in the 0.11326725-0.12610267 section, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 0.06265984-0.08458101 section and follow the uptrend line.
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(VETBTC 1W chart)
If the price holds above the 158 Satoshi point, it is expected to continue the upward trend.
In particular, if the price is maintained above the 221 Satoshi-237 Satoshi section, it is expected to create a new wave.
(1D chart)
It remains to be seen if there is any move upwards above the 342 satoshi point, with support from the 260 satoshi-281 satoshi section.
If it falls in the range of 221 Satoshi-237 Satoshi, Stop Loss is required to preserve profit and loss.
However, it is possible to touch the 158 Satoshi-177 Satoshi section and rise, so you should also think about preparing for it.
Careful trading is required as volatility to break above the wide resistance range 342 satoshi-411 satoshi can often occur.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which 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, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Let's take a look at Vechain on the daily with IchimokuAfter breaking out of the descending triangle Vechain has been going up and is now fighting a very importent resistance level. At the moment a gravestone doji is forming at the resistance, meaning a bearish reversal could be happening in the near future. According to fib extension, price tried to break the 0.382 level but got rejected. If price can break the 0.382 the next level should be between .15878 and .16933 cents.
What Ichimoku shows:
-Price is above Tenkan Sen, Kijun Sen and Sankou Span A and B, meaning Vechain is bullish in short, midterm and longterm.
-Chiko Span is above the candles, meaning bullish market momentum.
-Tenkan Sen, Kijun Sen, SSA, SSB are up, meaning uptrend in short, mid and longterm.
-Kumo has a nice thickness. That gives a more stable uptrend.
So by Ichimoku confirmations, everything is looking good. But will it be a continuous bullish N-wave after breaking 0.382 fib level or will it bounce back to the Tenkan Sen or Kijun Sen.
VETUSDT (VeChain) - Coin of the WeekVeChain (VET) is a blockchain-powered supply chain platform. Begun in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things (IoT) technology to create an ecosystem which solves some of the major problems with supply chain management.
Technically, VeChain reached the resistance area at 0.15 USDT. Here, we see 2 possible scenarios for this cryptocurrency. The first one is a retracement to the blue trendline marked on the chart and then a continuation to the upside and the second scenario is a small consolidation at the resistance level before continuing higher. If the price breaks the blue trendline we have to study the price structure as a bigger correction may be playing out.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
VET on the move for new all time highs soon! Target Min 30c!VET on the move for new all-time highs soon!
Made some nice gains already today on VeChain, I see this baby continuing to go up for the remainder of 2021 with a wave 5 target between $1 to 1,40 by end of the year.
I am trading this in the short term and have these targets over the next 4 to 6 weeks:
1. 19c
2. 24c
3. 34c (possibly up to 40c region depending how much fomo this gets and should Bitcoin breaks out to new highs)
STEP 1 ->>>>>>>>>> The next VET objective is to break above its 6 Aug high of 14,4c and then this should rally to 19c in no time, expect a decent retracement then with much profit-taking as a lot of traders are looking at that level.
STEP 2 ->>>>>>>>>> following a break about above 20c we then expect to see the next consolidation at all-time highs between 24c to 28c. Sell any tests of the higher end of this range.
A good risk-reward target is therefore 30c and then I would look for a more sizeable couple-week retrace before entering again for the next leg up. As long as bitcoin plays the game VET will outperform bitcoin for the rest of 2021.
Good luck traders and remember to DYOR!
VETUSDT TECHNICAL ANALYSISVeChain Announcing The VeChain Community Discord Server Launch Event and AMA!
At VeChain, we are incredibly proud to have amassed such a huge community since entering the public blockchain space in 2017. With over 400k Twitter subscribers, 200k+ Reddit subscribers and around 45k subscribers across our Telegram Channels, VeChain’s social media channels are bustling. To facilitate further community growth and provide an even more engaging community ecosystem experience, we have decided to launch the VeChain Community Discord Server on Friday, 3 September!
Discord is a place where topics and communities are easy to see and easy to participate in. dApps, information and discussions about VeChain, its technologies and its wider ecosystem come together in one readily accessible place, creating a more cohesive user experience. The Discord will also offer casual and off-topic channels, offering a place for the VeFam to bond and hangout over non-VeChain related topics!
And because no launch would be right without a celebration - we’re holding an event!
This news may help for fundamental analysis.
How about TECHNICAL ANALYSIS?
We got signals from @EngineeringRobo and the candle already break out down trend-line and next candle completely open-close above the down trend-line. Not only that, the candles break-out resistance line as well. Also, MA has gave us signal as well. It may gain up approximately 75% if the candles stay above to up trend-line.
"NFA"