Vechain
VeChain - Yep 👍Remember my previous post that said “VeChain should be in your Longterm Portfolio”. Yeh! I wasn’t joking.
Unlike certain other crypto rises that shall remain nameless, VeChain’s rise really looks sustainable and has purpose. Yes there will be dips n retracements as that is the nature of trading but VeChain really does seem to be a different beast altogether.
VeChain already has a partner & client base that every other Crypto Company is hoping and striving to get. PwC recently bought shares in VeChain and there is also the potential of PwC pimping VeChain out to ALL OF THEIR CLIENTS because they now have a stake in it. If you don’t know who PwC are, just google them and see how many companies they look after and audit as well as their massive interest in blockchain. It’s HUGE.
VeChain really is a sleeping giant that i honestly believe will start destroying the competition as this year plays out. VET is certainly going to be in the top 10 this year.
Just grab it while its still cheap. 🔥🚀🌍🌔🪐👽🛸
4HR VET, LONG YOUR LONGSpump repeating, check bottom indicators
Tight short trigger waves, lower lows. See dotted white lineS
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSD@vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Interesting Reentry Into Older Trend Lines for VeChain ($VET)This is really interesting. There was a clear trend channel for about a month between Feb 28 and March 28th. Then it fell below the bottom support trend line for a bit and then not only reentered the channel but reacted on both the old support and the old resistance.
I'm mostly just sharing this because I find it fascinating.
Clearly still in a bullish trend with lots of upside still to come as there is lots of utility for this project.
VET/BTC to rally another +15% from hereVeChain, a blockchain supply chain platform, has had a great start to the year in USD terms. In BTC terms, VET also broke last summer’s high and approached the 2018 all-time high.
It seems that test projects with SalesForce and several enterprises have added fuel to the rally that previously took off after collaborations with NFT-related projects.
Given high interest in VET, we’ve posted the following question to Hybrid Intelligence:
“The cryptocurrency VeChain (VET/BTC) settled at 0.00000222 BTC at 10:00 AM UTC at the Binance exchange on Monday, April 12. Will VET/BTC trade above 0.00000255 BTC (+15%) earlier than trading below 0.00000189 BTC (-15%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 88%
It looks like the rally is set to continue before any significant correction. The low BTC volatility seems supportive of that.
VET BET Daily. Still have targets on the upside. No signs of slowing yet, this is a great hedge against traditional currency alt-coins, as the company focus is industrial supply chain development.
VETUSD green line = support
red line = resistance
white lines = Fibo retracement
Currently we are still in an uptrend (hourly chart) with neutral RSI
0.1327 must be held
VTHO about to break outVery noticeable repeat of start of previous pump up has been spotted and right now it is about to start making the flag before the pump. If it be the same size of pump as last we could expect it to reach 0.0295 or even higher giving a 77% pump from the flag, but it could even go higher.
Vechain on the verge of a huge run! Vet has undoubtedly been one of the most impressive cryptos in the past couple months putting out great numbers and has been in a very solid uptrend. I really think this is due to the realization from both retail and institution of what Vechain is and what it is doing and providing! We recently created a new ATH and i think we are going to see another one soon! Our Zero Lag Macd looks super bullish and we are seeing strong upwards movement with no sign of slowing down! We are beginning to ride the top of the bollinger bands which is very bullish and you can see the same thing and how it played out around FEB and March on the chart!! Ichimoku cloud is bringing us nice green support clouds, pushing up. Overall i think vechain will be one of the best investments for the future, the technology and what they are doing is so incredible and they already have real world use cases that are being used around the world everyday! Personally I can see myself holding onto most of my Vechain for the next few years! Not Financial advice just my opinion!
VeChain SHOULD be in your Longterm PortfolioVeChain Update:
If we look at this VeChain (VET) Daily Chart, we chan see just how strong VeChain is. VET still has its Ichimoku Cloud (Kumo) Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) levels below it as potential support.
VET still has 7 Pitchfork Support Levels and its Pitchfork Hagopian Line level below it as potential support. It is safe to assume that there is no fear of VET ever crossing & closing a daily candle below this Pitchfork Hagopian Line anytime in the near future.
During the dip yesterday, VET found strong support from its Ichimoku Cloud Conversion Line (Tenkan Sen) which was also the level where the 9EMA was at yesterday.
At the moment, VET is testing the resistance of its 0.618 Trend-Based Fib Extension Level.
The Ichimoku Cloud (Kumo) Lagging Span (Chikou Span) is indicating strong very upwards momentum.
VeChain is looking really fantastic, at the moment VET is the Crypto that just keeps on giving. VeChain has also just announced a new partnership with Salesforce…… which is huge. VeChain has a client base that would make any corporate jealous with envy. VeChain is at a real world usage level that other cryptos like XRP, XLM, BTC, ETH and even ADA are trying & striving to get too.
VeChain is already mainstream with real world usage, but it seems to have gone completely under the radar of most. You all know how i fee about VeChain from my previous post, so all i can say is, if you haven’t already, grab a bag while it’s still at $0.1. 🔥🚀🌍🌔🪐🛸👽
VET Has Made It This Far - Only A Couple of Targets Remain Seriously congrats to all the VET holders who stuck it out through the bear market. Since the bottom on March 12th, 2020, VET has gone nearly 70x in value. It is performing in line with some cryptocurrencies from the fabled 2017 crypto bull market. Believe it or not, I called ATH levels for VET well over a year ago, when I felt it was undervalued when compared with XRP, a token with a similar supply. Instead of going straight up and mimicking XRP, VET took a while to establish a healthy uptrend, but has since been one of the better performing altcoins from the 2017-2018 era. Here is my original analysis:
When we compare the two assets, it seems XRP only pumps hard and fast, resulting in a multi-year downtrend, while not really establishing a healthy uptrend within a bull market. This is perhaps why it has so much overhead resistance, though it can go parabolic itself soon if money flows into larger cap altcoins.
Here's the first follow-up to the original post:
My latest update:
And my study, comparing VET with WTC, and why I felt VET would continue to vastly outperform:
WTC still needs to go over 3x before it even begins to look bullish on longer timeframes.
This is a long overdue update. But what now? It's hard to say. My lower targets have all been reached, and it only needs to go a little over 100% from here to get to my $0.22 target. I plan on reducing my VET position further if I see prices continue to go parabolic from here. I'm also not ruling out a large correction towards the 100 day MA (now yellow on my chart), which could result in it dropping all the way towards 4 cents again. I don't claim to know at all where the next market peak will be, but I think if things really heat up for altcoins in the coming months, it can be a great selling opportunity for those of us who got in during the previous bear market. I do think the market may just have one more big move left in its tank. During this time, I can see many alts going another 10-50x.
What keeps me hopeful that VET can indeed pull an XRP (and even maybe hit $1, but I won't get too ahead of myself) is that it still has plenty of room to run against Bitcoin, especially on the weekly. I'm watching this pair as well.
And even against ETH, if the MACD crosses above the zero line. But it's currently at historical resistance (ETH run soon?)
On the bearish side, I want to see the 100 day MA (yellow) held on any larger market correction. I also don't want to see a large breakdown from the wedge I've drawn on this chart. A break ABOVE the wedge would be extremely bullish, and could pull VET up towards my higher targets. There is also support at the 50 day MA (red), which coincides nicely with the wedge support. Even then, that's a sizable retrace towards 5.5 cents.
Let's see! I'm in a decent position, with no initial risk left on the table. I may decide to skim some profit off the table if I see some signs of weakness from the market. Just because VET has achieved my initial targets does not mean it will necessarily head higher from here. If it does, I will be prepared.
This is not financial advice! This is meant for personal use, speculation, and education only.
-Victor Cobra
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️