Vechain
VET VECHAiN about to spring?dancing right on the 0.5 fibb level and about to break the downtrend after possibly creating a bottom for 1+ years
Strong next move in either direction expected.
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Bottom range: 0.01840-0.02299Hello?
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(VETUSDT chart)
In conclusion, VET is currently a buy time for the mid- to long-term.
Since the 0.01840 point or less is a long-term investment area, it is recommended to proceed when it shows sideways in the 0.01840-0.02299 section in order to proceed with the purchase from a mid- to long-term perspective.
Otherwise, if you buy below 0.01840, you will have a really tough time because you never know when the price will actually rise.
For more details, check out each chart below.
(1M chart)
From a long-term perspective, it is expected that a full-fledged uptrend will begin only when it shows support around 0.02695.
(1W chart)
Since the Bollinger bands have started to contract, the question is whether it can be supported near the HA-Low indicator on the 1W chart and rise above the HA-High indicator on the 1W chart.
So, we need to see if it can get support around 0.01858 and rise around 0.02355.
(1D chart)
The key is whether it can get support around 0.01797-0.01858 and rise above 0.01958-0.02062.
Therefore, it is important to be able to sideways within the 0.01797-0.02062 interval.
In that sense, the volatility period is around August 3-17.
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Of the many indicators or lines displayed on the chart, the most important are the horizontal lines that mark points of support and resistance.
Trading is to create a trading strategy and respond to it according to how it moves on these horizontal lines.
Therefore, in order to mark the points of support and resistance, you need to look at the 1M, 1W, and 1D charts in order and mark the points of support and resistance.
This is because support and resistance points are the strongest lines drawn on the 1M chart.
Therefore, other indicators or lines are not directly related to the trading strategy as they are supported or resisted at support and resistance points and are viewed from a trend perspective.
The reason why several lines are drawn on the chart in advance is that the positions of support and resistance points may change each time you see them depending on price volatility or your own psychological state.
Since this can cause fatal problems in creating a trading strategy, support and resistance points must be marked based on objective data.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Teasing a breakup to new price discovery!I think we're so close to something big happening or an altcoin season in my opinion. Ever since the Ripple lawsuit by the SEC that Xrp is now considered not a security. This cannot be reverted. No appeal is going to change that decision so literally I believe this is the beginnings of the altcoin season and we're on the verge!
Patience for a new bullrun any moment.. and we can see that sentiment with mutiples of different crypto ready for big moves in this space, examples such as XLM, TRX (Tron), Flare, Songbird, Vechain, Pundi X and tonnes of others waiting for new price discovery. Ticking timebomb!!
VET waiting my targetsBINANCE:VETUSDT
Possible Targets and explanation idea
➡️Vet weekly timeframe still waiting signal close short on weekly and buy based on TradeON
➡️I think we will see drop to 0.27 zone again sweep liquidity and close monthly gaps
➡️0.009-0.007 more likely will be a bottom for Vechain
➡️Positive bounce its a 0.039 monthly gap around 0 lvl
➡️Even after this bounce I think we will see continuation to low targets
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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VET VeChain Falling Wedge Pattern Vechain (VET) currently finds itself at the end of a falling wedge pattern, which could potentially indicate a bullish reversal in the near future. This technical pattern suggests that selling pressure has been gradually decreasing, while buyers may start to regain control.
Considering this chart pattern, there is a possibility of a technical rebound for Vechain, with a potential target price of $0.022.
Looking forward to read your opinion about it!
#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.
VET/USD - My Longterm PlanVeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
Notes:
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the Ichimoku Cloud.
VET is under both its 50MA and 200MA levels.
The 50MA has crossed back under the 200MA on this 1 day timeframe.
If we look at the volume for VET/USD, it’s been very low since around July 2021 and has not really recovered.
On this chart, i have added various Support and Resistance Lines as well as Areas of Interest as highlighted with the Black Dotted Lines with Yellow Shading.
If we look at the Chaikin Money Flow (CMF Indicator), we can see that the MF Line is still very near its 0.00 Base Line, a cross below the 0.00 Base Line will take VET into Distribution on this 1 day Timeframe. Note the the MF Line is still below its Least Squares Moving Average (LSMA) Line.
My longterm Hodl plan for VET/USD:
I still believe we will see $0.0096 to $0.0084 especially when the USA finally admits publicly that it is in a Recession, which when it does, will mean it’ll actually be in a Depression. So if this recession plan follows through then i will be looking to buy in around $0.0096 to $0.0084 and longterm hold until it reaches back to the ATH of around $0.28 and then re-asses the situation. A successful Daily Candle close below $0.0152 will be my first confirmation that we may see below $0.01.
With the potential oncoming of this world depression, if the only way out for the US is to start WW3 to counter BRICS, the loss of the Petro Dollar, the loss of sanction power and the growing +$32T of debt then i believe we could see $0.0057 to $0.0043.
When the oncoming recession/depression pivots and the new Bull-Run starts, after a while, keep an eye out for when the Mainstream Media starts broadcasting to the public about huge Crypto Gains! When this happens you’ll suddenly have random family and friends who now want to jump into crypto because it has gone up 1000s of %! This will be the time to consider taking profit on any long term hold as all the newbies jumping on the band wagon will be providing EXIT LIQUIDITY to those who got in at a really low price. Once this happens, then the market makers will change direction and become Bearish as Bulls and Bears are the same people I.E they are the Market Makers. I have seen this happen twice now with the Crypto market, once in 2017 and another in 2021.
As always, we must keep an eye on what BTC/USD is doing.
Anyway, this is all just my opinion and i have other strategies in place for if we don’t see sub $0.01 again.
I hope this post is helpful.
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 | 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
Crypto , Cryptocurrency My mid-long term goals for #VeChain NYSE:VET 🫣
The #vet chart can leave a good profit in the long run. It is not investment advice.
Whether it can rise above 0.02914 is keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(VETUSDT chart)
From a long-term perspective, a full-fledged uptrend is expected to begin when the price moves above 0.04757.
To do so, the key is whether it can be supported in the 0.02236-0.02519 section and rise above 0.02914.
If not, you should check for support around 0.01875.
Therefore, the possibility of a trend forming away from the current zone, the 0.02236-0.02519 zone, is increasing.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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Vet long theory Without volume we could see a continuation of sideways price action within our triangle. As we near the end of the pattern $Vet looks like it’s in a good position to reclaim a new daily high if we close out above our 0.5 fib line. We’ve touched our retracement levels and if we can confirm these signals for a local bottom we’ll see a continuation pattern moving into April.
VET aiming highVechain is a prime example of why blockchain technology should be appraised rather than shunned, even the US government agrees that blockchain technology has big use cases in this current world. the devs over at Vechain are trying to solve real-world issues. one article I recently read stated that they will try to integrate blockchain technology into an outdated system that is the global shipping chain, in a 14 trillion dollar market. with bibles of paperwork needed to get filled out in order to get a shipping container out of port and into another country. if the shipping companies would integrate this tech it would mean they would have a foolproof ledger system keeping track of all the shipping history and for the environment, no more paper.
only time will tell if this will get integrated with the current structure. Due to the current crypto regulation scrutiny, it will be hard to get a foot in the door. but if they do manage to persuade the transition we will probably see Vechain at the top in the crypto space.
China where Vechain has its roots is gradually opening up its doors to crypto, the talks surrounding hong kong as the new crypto capital might light some hope for this potential project