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Vechain

VET/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me. VET is looking really good in the mid/long term. However in the short term I am kinda bearish because we have a bearish divergence in the 4H chart. BTC is also showing signs of weakness so that is a factor that can make altcoins bleed. I still believe that after we hit the support level we we will bounce. Comment what you think. I haven't been posting lately because I am busy with IRL stuff, so I apologise for that. I don't know if I can stream tomorrow or on the next week so I am also sorry for that. I will try to be more consistent in posts next week.
Long
by Devan-CryptoCharts
4
VET/USDT (VeChain) Mid to Daily tf Range Updated till 28-3-22VET/USDT (VeChain) Midtier to Daily timeframe range. Another fundamentally healthy alt, it got a nice community and it got development till now. In Technical sides if we look at the chart we can see not much of space like other alts within its range, its not a bad thing cause it had retail interest and that comes with intraday setups and scalp setups, the more the space the higher the risk which is less within its range till now, which is cool for day traders if one can utilize its zones. the volume on mid range was decent if it stays like that it could provide those safe setups again.
by cryptoforever1
VET (VeChain) Coin Analysis 28/03/2022Fundamental Analysis: VeChain (VET) is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain had begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET. VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants. The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes. VeChain has been able to demonstrate massively boosted efficiency, traceability and transparency across data trails, supply chains and within novel kinds of ecosystems, such as those in San Marino targeting UN SDGs, among others. VeChain exists to disrupt traditional business models, and is best known for its work in supply chain, an industry that has changed little over the decades. Its work in providing a decentralized trust layer for multi-party ecosystems has already seen major successes with high profile clientele and government bodies. Using transparent technology with no single point of weakness or control allows for greater security, efficiency and ease of tracking for all kinds of data, while reducing costs through trustless automation via smart contracts. Carbon, supply chain, international logistics, incentivized ecosystems, automobile passports and more all greatly benefit from the digitization of trust and collaboration it enables. VeChain’s platform accordingly has very wide appeal to many different clients of clients and industries. VeChain’s official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions. VeChain (VET) is a Proof of Authority (PoA) token, requiring relatively low computing power to achieve network security versus a protocol such as Bitcoin. A recent CTI report showed that VeChain's annual carbon footprint is incredibly small at just 2.4% of the emissions of mining a single Bitcoin, thus making PoA an incredibly efficient consensus mechanism for securing the network. Proof-of-authority, is a process wherein authority master node operators are selected by an independent Steering Committee, thus giving them 'authority' to run a maste rnode. This model is particularly attractive for enterprises who want assurances about the integrity and quality of validators running the network, and assurances bad actors can be ejected if needed. VeChain is the product of creator and co-founder Sunny Lu, an IT executive who was formerly CIO of Louis Vuitton China. Lu has since become a well-known name within the cryptocurrency industry. He has drawn attention to the ability of blockchain technology to solve transparency in particular, arguing that it can create “trust-free” enterprise/business structures that do not suffer from information corruption thanks to close working collaborations with key auditing/certification consultants such as PriceWaterhouseCoopers and DNV who verify data quality and certify industrial processes. Fellow co-founder Jay Zhang, who directs VeChain's global corporate structure, governance, and financial management, previously worked for both Deloitte and PriceWaterhouseCoopers in the finance and risk management sphere. Having originally begun life in 2015, VeChain is one of the oldest dedicated smart contract platforms on the market, with reflected prestige among enterprise clients. VeChain has two in-house tokens: VeChain (VET) and VeThor (VTHO). Described as a unique offering for such a platform, the dual-token system is designed to avoid fee fluctuations and network congestion. VET is the token used for transactions and other activities, while VTHO provides fee payments and thus functions as a “gas token,” similar to how gas functions for Ethereum (ETH) transactions. VET holders automatically generate a small amount of passive income in VTHO, while 70% of the VTHO used in a VET payment is destroyed. VTHO is generated based on VET holdings, while VET itself has a maximum fixed supply of 86,712,634,466 tokens. At the time of writing (28/03/2022) - there are 45.63 Billion tokens in circulation according to VeChainStats. The current CoinMarketCap ranking is #35, with a live market cap of $4,748,746,013 USD. It has a circulating supply of 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins. Technical Analysis: The Asset has been Fallen to its 85% Low of the All Time High and this is the very good sign of becoming undervalued and initiation of the Smart Money Flow which took Place. After the Reaccumulating phase got over the Asset has been Pumped to its 78.6% of the Fibonacci Retracement Level and currently is waiting for the Repumps. There exist a Bullish divergence of Price value and MACD, which can be interpreted as the bearish Trend reversal and Start of the New Bullish Trend which eventually Initiate the New Bullish cycle. We have defined the total of 4 Probable Price Targets with Fibonacci Trend Based Extension levels, where as the 3 TP gets its Confirmation as the 2 TP gets Triggered followed by the Price Value Correction and some Retracements. All of the Defined Targets are having Many Confluences with different Fibonacci levels so they can act as the very Important Pivot Points. Earlier Analysis: VET Coin, Done on: 09/03/2021
Long
by BitonGroup
2
VETUSDt buy trade running towards targetVETUSDT trade has entered in the long term buy zone where it has crossed flawlessly running towards our predicted analytical target. Let see how it it will achieved our target. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
Long
by AussieLeader
1
VeChain heading towards $ 10Hello everyone, Today we would like to take a look at VeChain as I think we are presented with a great opportunity here. The price was currently still in a downward trend, which shows the structure of a diagonal. Such a diagonal is characterized by 5 waves and each of these individual waves is shorter than the previous one. This is extremely important in order to be classified as a diagonal. Now that we've broken this structure, I believe we could finally exit this downtrend and impulsively move to new highs again. I am assuming we are in a major wave 3 as we have corrected more than 50% of the last impulse overall So this means that the next wave is very likely to be 162% as long as the last wave, which leads to a price target of around $10. What do you think about VeChain? Are you invested yourself? This is no financial advice.
by RT_Trading_
10
VeChain, a good buying opportunity?The 5D time timeframe is showing us a decrease in selling volume and price responding well to previous support where VeChain spent some time last February, with a wick touching .04416. The smaller time frames like the 4H indicate that we have found some support at current prices. I had my orders filled earlier but will still be keeping an eye on VeChain and Bitcoin, more downward price action is also possible. A stop loss is a good friend in a volatile market! With that said, I'm cautiously optimistic. As long as the 39,500 support holds for Bitcoin then we can expect a healthy rebound from VeChain. Enjoy your weekend.
Long
by CViewsTH
VET price may move higher in 2022, but for how long?The Vechain coin price appears to be in the bullish territory after interrupting the descending trendline. The VET coin is overdriving above the 20 and 50-day moving averages in terms of the daily price chart. The SuperTrend indicator is remaining to generate the bullish crossover. The daily price chart of the VET coin is trading above the 20 and 50-day moving averages, and the remaining 100 or 200-EMAs are above the current price. The RSI is moving towards the overbought territory and now it is at 59-mark in terms of the daily price chart. Furthermore, the ADX indicator is gradually falling downwards, suggesting weak bullish momentum for the Vecahin coin. VeChain Coin has reversed its downtrend after breaking the descending triangle pattern. The bulls should continue to manage the VET price above the $0.050 level to prevent further panic selling. Resistance level- $0.0.069 and $0.10 Support level- $0.050 and $0.039
Long
by TheCoinRepublic
VECHAIN - BIG Move Coming! 🤩Vechain is in a massive correction that has erased almost all of its gains during the bullrun. The lower it goes, the better it is for us to get in. Great coin to buy and hold for 2022! We're anticipating the ABC correction to finish at the 0.88 fib and then start the next bullish wave. Trade Idea: - Watch for bullish price action at the 0.88 fibonacci - Once bullish PA appears, enter with stops below the lows - Targets: 0.17, 0.28, 0.35, 0.45 Give it a thumbs up if this helps!
by WicktatorFX
5