Vechain
VeChain by Request (Easy Target 27% & More | 80%+)Here we have VeChain (VETUSDT) but this time a closer look compared to the previous analysis.
We have early signals of recovery as most of the cryptocurrency market is showing.
We have the 3 drops pattern or Inverse Head & Shoulders as well as a lower volume lower low, which all indicates the bears losing strength.
As the bears lose strength the bulls can enter the game.
The easy target is set around 25-28% in a range between the 0.618 Fib. and MA200.
Between 0.02400 - 0.02500.
Higher targets are possible depending how this upcoming bullish move develops.
I see 80%+ around 0.3531 reachable as well.
I hope that helps and thank you for your support, it is appreciated.
Namaste.
VeChain | Not Ready, Not Yet (Wait For Me)What you see here is a strong downtrend.
The chart looks just like Bitcoin.
We have a weekly rejection at EMA10.
The bias is bearish so VETUSDT is looking for a new support.
CHANGE
Only after prices move and close weekly above EMA10 can we consider the bullish bias, right now it aims lower.
Wait for my timing.
Wait for my signal.
We are waiting for the bottom to settle.
Once the bottom is settled marketwide, there will be countless opportunities, many good long-term bullish charts will develop.
I will share these charts with great numbers for you.
Patiend is key.
Thanks for your enthusiam and support.
Namaste.
VETUSDT Scallop and Descending TriangleVechain in a scallop descending but also in a Descending triangle.
it quite looks bearish but the Bullish divergence hasnt played out yet.
be aware that the support allready had 2 fails but bulls brought it back in the formation.
take an eye on the Bollinger Band which fits perfectly in the triangle.
the MA50 covering the resistance line of the triangle as well.
the MA200 is at the resistance line of the scallop zone.
when the break out takes place it would be nice to see a re-test.
lets see where the market goes.
on the weekly the outbreak last week was false.. bears brought the bulls back and so they got rejected.
VET/USD - 1w chart Update and my opinionLet’s have another quick look at the VET/USD 1w chart.
Here is a closer look at this 1w chart.
VeChain is still in its Descending Wedge Pattern on this 1w chart. Note that VET failed to close a weekly candle above its upper descending trend line of its Descending Wedge Pattern at around $0.0286. $0.0286 was also the previous high from Mon 23rd Jul 2018.
VeChain is still below its Least Squares Moving Average (LSMA) on this 1w chart.
VET is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1w chart. Note that the Lower Band has started to curve downwards indicating volatility for the downside on this 1w chart.
Note that the 50MA (Orange Line) is getting really close to the 200MA (Red Line). If the 50MA crosses under the 200MA on this 1w chart that will create a death cross on this 1 week timeframe.
VET is now fighting to stay above its support area located at $0.01978 and $0.0181. If VET closes a weekly candle below $0.0181 then we should drop to around $0.0120.
VET is below its 1 ($0.01845) Trend Based Fib Extension Level. Failure to close a weekly candle above this level will lead to further drops.
Looking at the Volume Profile Visible Range (VPVR) we can see the area i which the most Volume was traded on VET/USD.
Note that VET is close to dropping under its 78.60% Fib Retracement Level at $0.01811.
I have added a Modified Schiff Pitchfork pattern and you can clearly see that VET has a long way togo before crossing back above its Median Line.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is still weak with the ADX (Orange Line) at 16.34 and still under its 9 Period EMA (Black Line). Positive Momentum has dropped with the +DI (Green Line) dropping to 16.39. Negative Momentum has Increased with the -DI (Red Line) rising to 24.32.
Looking at the Relative Strength Index (RSI) we can see that there is still plenty of room for VET to drop before becoming Oversold on this 1w chart. Note that the RSI (Purple Line) is still under its 9 Period EMA (Orange Line) which is a sign of downwards strength on this 1w timeframe.
So what does all this tell me:
This is all just my opinion but this tells me that there is plenty of room for VET to drop further on this 1w timeframe especially if it closes a weekly candle below its 78.60% Fib Retracement level.
Once this world wide recession fully bottoms be it in a 1 year, 2 years, 5 years or 10 years and the powers that be have had their fill of transferring wealth from the Middle Class and the Poor to the elites, then opportunities will arise for those who are ready. My crypto of choice is obviously VET and a few others that have use cases but this goes for all Crypto’s so soon your crypto of choice will be available at an even lower bargain price. Especially if/when BTC drops to the $12k-$9k range. Please see the chart below.
I hope this is helpful with your trading or hodl-ing.
VeChain VET price are holding up well, what are growth prospect?VeChain (VET) is a blockchain platform for logistics management.
The idea behind VeChain is to increase the efficiency, traceability, and transparency of supply chains while reducing costs and putting more control in the hands of individual users.
Maximally logistics optimization is very important in the current difficult times.
Launched in June 2016, VeChain is now one of the oldest specialized blockchain-based logistics platforms.
VET is a token used for transactions and other activities, while VTHO provides commission payment, similar to how Gas works for Ethereum (ETH) transactions.
If we look at the chart with weekly candlesticks, we can see that for the last six months the price of VETUSDT has been trading above a strongly mirrored level.
The liquidity zone of $0.02-0.022 in 2018, 2020-2021 and now skillfully played the role of resistance and support alternately for a long period of time.
In case of a positive phase in the cryptocurrency market, $0.039 per VET should be an easy target in the coming weeks.
The medium-term target is $0.06 according to the blue scenario.
If the negative background and "wars" behind the scenes of the crypto market will continue (in particular, we described them in yesterday's FTTUSDT idea)
Then the development of the white scenario can also be considered positive)
The main thing is that buyers of VETUSD keep the price above the liquidity zone of $0.02-0.022 and then everything will be fine for VET in the medium and long term.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
VET Has Topped And Is About To Get CRUSHED - Heading To SUB $1VET has topped and is about to get CRUSHED in tandem with Bitcoin topping into another long bear market. First target is 0.5 fib at $0.02, but there is a good chance price will reach the 0.618, go sub $0.01 and provide a GREAT entry quite a way down the road.
VECHAIN TO £13- As you can see previously VET did a 15,000% increase within 2 years!
- IF you were to invest £500 by dollar cost averaging in at around £0.02 a coin, £100 a month for 5 months if it stays at this price!
- You would accumulate around 25,000 VET coins!
- Now if you ware to divide your 25,000 VET into 3 sections you would have 8,333 coins split into 3!
- TARGET 1 - SELL 8,333 at the 4.618 level (£1) - 8,333 X £1 = £8,333
- TARGET 2 - SELL 8,333 at the 21 FIB level (£4.87) - 8,333 X £4.87 = £40,581
- TARGET 3 - SELL 8,333 at the 55 FIB level (£13.27) - 8,333 X £13.27 = £110,578
If you have the patience and wait for VET to reach those FIB LEVELS, then your £500 investment could be around £159,492
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARH - ONLY INVEST WHAT YOU ARE WILL TO LOSE!
VeChain (VETUSD) Market VeChain Technical Chart. The highs and lows align with the Pivot Points. On the 1H Chart and 4H Chart, I will wait for a buy signal.
VeChain VET Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
VET/USDT short
Entry Range: $0.022 - 0.024
Take Profit 1: $0.020
Take Profit 2: $0.018
Take Profit 3: $0.015
Stop Loss: $0.025