VETUSDT Long Term Setup!VETUSDT (Day Chart) Technical Analysis Update
VeChain currently Trading at $0.082
Buy Level: $0.065 - $0.080 (wait for the small retracement)
Take Profit: TP1 $0.095 , TP2 $0.145 , TP3 0.25 , TP4 0.50
Good Pick for the Long term, In the chart you can see it's reversing from the support trend line and also you can see in the chart it breaks the resistance line in the daily chart.
I'm expecting the Vechain uptrend will continue. if the uptrend continues we can expect a new ATH in few months.
based on past trends we can expect a minimum of 750%+ growth.
Vechain Overview: VeChain is a blockchain-powered supply chain platform. 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.
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Vechain
VETBTC Can Go Higher to 0.00000230
Welcome back Traders, Investors, and Community!
Hi Traders, VETBTC on H4 might go down for the retest at around 0.00000196 before it goes higher to the Resistance line. Our first target will be 0.00000230
⬆️Buy now or Buy at 0.00000196
⭕️SL @ 0.00000178
✅TP1 @ 0.00000230
✅TP2 @ 0.00000262
✅TP3 @ 0.00000302
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
VeChain- Buy Hello,
I previously bought Vet between 0.002 and 0.007 and sold $0.23
Since I sold I have been waiting for matic to retest that area. over the next coming months I believe we will have tested below $0.007/0.02 again and we will be moving sideways.
I have set buy targets between $0.007/0.02 once again for the next cycle. Be prepared to wait a couple of years before any real movement again.
If #BTC can find support around the $20,000 (currently $31,000) I think this cycle could have another leg up towards the end of 2022.
VET Critical Point - wait for it!BINANCE:VETUSDT In this chart we have a support line that have been respected since Dec/20, and no candles closes below it. Right now we're testing it and it will be bad news if we breakdown, expecting further downside to $0.60 level.
On the other hand we have another trend line been respected since early Jun, breaking this downtrend line might take us to retest higher prices in short term.
For now my position is to wait until direction is clear, once we have a direction we wait for a retest then long or short it. Tight SL and less market exposure as possible.
Thank you for reading.
VeChain - 1D Chart Analysis UpdateVeChain 1D Chart Update:
VeChain is still below its Bollinger Bands Middle Band 20 Period SMA. Note that we have expansion of the Upper and Lower Bands indicating increased volatility but on the negative side.
VeChain is still following the its Major Downwards Trend-Line and is having real trouble crossing above it. If you are long then a breakout and successful re-test of this level as support is crucial.
VeChain is getting very near to its Major Upwards Longterm Trend-Line. We 110% do not want VeChain to close a Daily Candle below this level.
VeChain is still on the upper side of its falling wedge pattern.
I have added some support areas if VeChain breaks below its Major Longterm Upwards Trend-line.
Note that the overall Volume is still low on this daily timeframe and the Volume Bar is still below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts Visible Range I’ve selected.
The Moving Average Convergence Divergence (MACD) is indicating trend momentum is sideways but note that it looks like we may see the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which would be a sell signal for most traders so we may see another downwards drop that would also create Red Histograms indicating sellers are in control. Note that the Green Histograms have also decreased in size indicating a weakening of buying strength.
The Average Directional Index (ADX DI) is showing the downtrend has gotten stronger with the ADX (Yellow Line) rising to 28.42 and back above its 9 Period EMA (White Line) which is at 27.22. Note that the -DI (Red Line) has actually dropped sharply to 20.61 but is still below its +DI (Green line) which is at 9.25. So even though the -DI (Red Line) which is Negative momentum has dropped, the +DI (Green Line) which is Positive Momentum is still showing a big lack of upwards strength at the moment, but note it has not dropped as sharply at the -DI (Red Line).
The Chaikin Money Flow (CMF) is indicating accumulation has actually increased with the CMF (Green Line) rising from -0.03 to +0.03 in the accumulation zone. Note that the CMF is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.00.
The Relative Strength Index (RSI) is indicating momentum is downwards at the moment, The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating strong downwards strength. Note that the RSI is getting very near the Oversold Zone on this 1D timeframe so be on the look out for any divergence between Price and the RSI for potential reversals.
From my perspective, at the moment for VeChain and the whole Crypto Market, overall traded Volume is still low indicating a possible lack of big institutional money. Remember that retail money doesn’t move the market, big institutional money does. Note that it is the institutional money that is put in after they have accumulated their assets that moves the market up, not in the accumulation phase.
If VeChain breaks downwards through its Major Upwards Support Line and closes a daily candle below it, then there is a possibility VeChain may drop to $0.035. Note that even though Volume is Low, crypto assets are still being accumulated.
If you are waiting to go long on VeChain but need confirmation, then a breakout of the Major Downwards Trend-Line and a successful re-test of it as support is what you will need to wait for. After that, another is a breakout and support test of the Bollinger Bands Middle Band Basis 20 Period SMA. If you are Dollar Cost Averaging (DCA) & if VeChain breaks downwards through its Major Longterm Upwards Trend-Line, then there could be really good opportunities to acquire more VeChain at a cheaper price.
The Falling Wedge could indicate that we are coming to end of this downwards pressure but we could see a re-test of $0.058 before a potential breakout, but remember that we are at the mercy of BTC so we have to keep an eye on what Bitcoin is doing as any new potential drop with BTC will effect all alts as well.
I hope this is helpful with your Trading and Hodl-ing.
VeChain (VET) - July 15Hello?
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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)
If the price finds support at the 0.06527959-0.08628174 zone and moves up to maintain the price above the 0.08628174 point, I would expect a reversal to an uptrend.
If it goes down from the 0.06527959 point, it may touch near the 0.03981204 point, so you need to be careful with your trades.
In particular, you should watch to see if it moves along an uptrend line.
If it declines from the 0.03981204 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.
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(VETBTC 1W chart)
If the price holds above the 158 Satoshi point, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 237 Satoshi point, it is expected to create a new wave.
(1D chart)
We will have to wait and see if we can find support at the critical 221 satoshi point and move above the 248 satoshi point.
Looking at the big picture, the 180 Satoshi-316 Satoshi section is a sideways section, and the 248 Satoshi point is the middle point, and it is divided into an upper sidewalk section and a lower sidewalk section.
To continue the uptrend, the price should be maintained in the upper sideways section, 248 Satoshi-316 Satoshi.
At this point, the most important thing is a move out of the downtrend line.
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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 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)
VET looking for takeoff!Vechain vs bitcoin, we have been trading slightly downwards in this descending triangle since our peak around mid april and we are almost to the apex point trading around the lower half pf the triangle. I don't think we will see a bottom side breakout i believe we are gonna shoot through the top, i think even if we do break to the downside it could be looked at like a fakeout, the end of this triangle brings us into the beginning of august and thats when id say alt coins are going to really takeoff. Looking at the RSI we are pretty low in the confirmed downtrend half almost to the oversold zone, we are slightly pointing upwards and look like we are ready to see a bit of a climb upwards to atleast the midline at 50. We could see a rejection at first and then sort of repeat that cycle until the markets are ready to move (august imo) once we do get the momentum to smash through the midpoint on the RSI it is crucial not to jump to bullish positions until we see that confirmed, we need the confirmation before we can say we are in a confirmed uptrend. looking at the Wave trend oscillator we are coming to the bottom of this wave i would say almost bottoming out in the buy zone, we should see a smooth ride back up in this next wave which hopefully could bring us out of this descending triangle, maybe not this wave but i would say in the next couple bullish waves we see. One crucial thing to keep in mind is that we got to stay away from that bottom bollinger band as we could definitely see a significant fall if we start riding the bottom band, we are currently getting stuck underneath the midline and for the past couple weeks can't seem to break through it with multiple candles getting stuck right below it. a very positive scenario would be on this next bullish wave on the wave trend pushing price action above this midline and into the more bullish side of the BB, aswell the same thing with the RSI! Not financial advice just my opinion!
Vechain - VET - Risk to reward challenge - MA Price squeeze!Vechain - VET - Risk to reward challenge - Moving Average Price Squeeze! Price is being squeezed into a tight consolidation range between the descending moving average and the fibonacci 76.8 support level. Expected breakout in either direction. What is your bias? We will see?
VeChain - Accumulate itQuick VeChain update:
We are seeing sideways ranging with VeChain on this 1D timeframe.
VeChain is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. We need to turn this level into strong support.
VeChain is still below its 50EMA for this 1D timeframe. We need to eventually cross this level and turn it into strong support.
VeChain is still above its Least Squares Moving Average (LSMA) for this 1D timeframe. Note that when the price crosses above the LSMA, it is positive and was a potential buy signal.
Volume is still relatively low for this 1D timeframe. Note that the Volume Bar is below its Volume 20 Period Moving Average.
VeChain is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visable range.
The Moving Average Convergence Divergence (MACD) is indicating momentum is still upwards and the MACD Line (Blue Line) is still above the Signal Line (Orange Line). Note that the Green Histograms has lightened indicating a slight weakening of upwards momentum. A crucial point on the VeChain 1D timeframe will be when then MACD Line (Blue Line) crosses back over the 0.0 line into the positive zone.
The Chaikin Money Flow (CMF) is indicating VeChain is in distribution for this 1D timeframe with the CMF Line (Green Line) in the Distribution Zone at -0.04. The CMF is still slightly above its Least Squares Moving Average (LSMA) which is at -0.06. Note that the CMF (Green Line) is starting to point upwards.
The question is, is VeChain in a Falling Wedge, a Symmetrical Triangle, a Descending Triangle or All or None of the above on this 1D timeframe. Note the Horizontal Support Line has been tested on 5 separate days and that was our resistance of our previous Ascending Triangle. Ideally, any positive breakout must be on increased volume.
The way i see it, we only have a few more weeks “possibly 4-6 for BTC” of continued consolidation within a range before the market makers decide that the path of least resistance is upwards which affects all cryptos. But who knows, it may be sooner. Even if VET dips more, now is the time to buy. What is the point of waiting to accumulate a crypto after if its done a +50% rise? You’ll just end up buying at the top again. So accumulate, accumulate, accumulate VeChain before the next rise……. As well as ADA.
I hope this is helpful with your trading and hodl-ing.
VET Intraday Trade I've gone ahead & labeled the Supply & Demand zones. Here we've just bounced off the Supply & believe we will make our way up to the Demand over the next hour or so, my trade is set for 3% gain If it's filled.
*Not Financial Advice
VET testing the resistance zoneWe are currently testing the upper resistance zone as well as the trending line in this wedge.
If we are able to break above the resistance zone/trending line we may see a nice push towards .08, this may be a very great end to the week. BTC seems to be gaining ground as well but it could very easily consolidate & shift the market into a consolidation phase.
*Not Financial Advice
VET could be on its way to .10As you see we are headed to the previous resistance back on June 20th which could be a great Buying Opportunity for a Swing Trade. We very well could break that resistance & fall until that Golden resistance which would be an Optimal Buying Opportunity once we get confirmation of a breakout.
*Not Financial Advice