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VCHAIN ($VETUSDT) 👩‍⚕️🐻 | Do The Bears Need a Vet Yet?🔵 Vchain (VET) has been on a serious run lately. Initially, part of this was likely the anticipation of Binance futures (which isn't necessarily bullish). Now there is more news that has eyes on VET with potential for a Coinbase listing. With that in mind, despite the bullish price action and recent headlines, VET is at pretty notable point of resistance here. Plus, now that it is listed on Binance, it means that there is money to be made on the downside (remember what happened to crypto when Bitcoin CME futures came out ⤵️). While we aren't shorting VET without a clear trend behind us, there is reason to be skeptical of this overextended run despite its bullish nature. Let's take a look at some key levels for bears and bulls. Support: The first major support for the VET bulls is the S1 bullish S/R flip below the current price and below the swing high of the last range. Although this support could result in a bull run, it is likely that any weakness in VET (even a pullback to that clear support level) could result in the start of a downtrend. The other major support levels for VET are both along way down. While the bulls might find support on top of the lower range at the S2 S/R flip and S3 orderblock, any move to that level means the bull trend is long over. Resistance: The R1 range has seen reactions dating back to 2018 and is the first logical point of resistance. Any future rejection of this level, or if the current rejection is sustained should be good news for the bears and their short contracts. If the bulls can maintain momentum and get past R1, then the R2 S/R flip from 2018 comes into play and R1 flips to become a potential support to retest before moving higher. R2 is the last notable resistance before we start making our way up to the previous top at the R3 orderblock and S/R flip. After that, the sky is the limit. Summary: The bulls have a path to uncorrelated glory here, but first, they have to make it through stiff resistance without the Binance futures bears taking over. That is a big ask. If the bears lose S1 for any reason, things start getting grim. So buying the strength makes sense here, but be cautious and don't go looking too hard for dips once this one turns over (instead, check out that short futures contract). Resources: blog.coinbase.com + www.cryptoglobe.com + www.finsmes.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉
by AlphaBotSystem
8
VET/BTC 142% profit and Strong move upward#VETBTC Profit Update:- #VETBTC Now Trading at 100 Satoshi ( 142% Pure Profit). Mean to say that total 142 % Pure Profit guys. Our First Entry was 46 Satoshi ( 142% Profit ) And 2nd entry was 52 Satoshi ( 100+% Profit ) Both Entry in huge Profit. Target 1 : ✅ Target 2: ✅ Target 3: ✅ Now Towards our 3rd Target But Guys sold My 90% Position here at 126% Profit. Because I am not greedy so 90% and 126% Profit within few days not Bad. so you can also take profit guys partially. 10% position still holding. if you still holding I suggest you can sell 100% position and book your profit. Support :- 90/82/60 Satoshi Resistance :- 106/126 Satoshi Don’t Forget to Click #Like Button and Appreciate me. Must Follow me for Latest real Time crypto updates. Thank you.
Long
by CryptoPatel
VET/BTC 126% Profit within Few days Congrats Friends#VETBTC Profit Update:- #VETBTC Now Trading at 100 Satoshi ( 126% Pure Profit). Mean to say that total 126 % Pure Profit guys. Our First Entry was 46 Satoshi ( 126% Profit ) And 2nd entry was 52 Satoshi ( 94% Profit ) Both Entry in huge Profit. Target 1 : ✅ Target 2: ✅ Target 3: ✅ Now Towards our 3rd Target But Guys sold My 90% Position here at 126% Profit. Because I am not greedy so 90% and 126% Profit within few days not Bad. so you can also take profit guys partially. if you still holding I suggest you can sell 100% position and book your profit. Support :- 82/60 Satoshi Resistance :- 106/126 Satoshi Don’t Forget to Click #Like Button and Appreciate me. Must Follow me for Latest real Time crypto updates. Thank you.
Long
by CryptoPatel
4
VET/BTC 95% Profit Now so Book Profit..?#VETBTC Profit Update:- #VETBTC Now Trading at 87 Satoshi ( 90% Pure Profit). Mean to say that total 95 % Pure Profit guys. Our First Entry was 46 Satoshi ( 90% Profit ) And 2nd entry was 52 Satoshi ( 67% Profit ) Both Entry in huge Profit. Target 1 : ✅ Target 2: ✅ Now Towards our 3rd Target But Guys sold My 70% Position here at 90% Profit. Because I am not greedy so 90% Profit within few days not Bad. so you can also take profit guys partially. Support :- 82/60 Satoshi Resistance :- 106/126 Satoshi Don’t Forget to Click #Like Button and Appreciate me. Must Follow me for Latest real Time crypto updates. Thank you.
Long
by CryptoPatel
7
VET TrendI have conducted research on the VET project in terms of its recent development, both business and technical. Due to reasons connected to the company's recent decisions, together with the trend of the VET market in the past two Q's, I believe the market would continue the current bull trend, at least up until July. Due to missing data on my chart for previous price movement, I've used 25th of each 3rd month in order to form my alternative quarter periods for this chart. The first two are following a downtrend, which leaves me with the overall assumption that the VET token was undervalued by the majority during the specified period. AS you can see, the recent trend shows us the opposite, as the market enters what I believe to be a positive movement cycle for its mid-term price development. Additional factors which are taken under consideration during this analysis: Don Tapscott speaks about the supply chain industry, its market evaluation, and potential blockchain applications. PwC is closely related to the project. VeChain technology innovation in the supply chain industry. At the moment of publishing this idea, I am fairly confident for the mid and long-term (3Y+) development of the VET market would follow a positive price movement and appreciation. As always, feedback would be greatly appreciated. This publication is not a piece of financial or legal advice. Always do your own research before investing your capital.
BINANCE:VETUSDLong
by rafblz
VET/USD - "Is VECHAIN about to pump or dump?"I've been following VET since it started trading below it's previous support line a few weeks back. It has now climbed back to that original support line and should test over the next few hrs or days as to whether it gets rejected (Creating an entry back at Support) or breaks out for some potential gains. I'd preferably be taking a position at one of the support level's but if it breaks from this 60 day resistance level we could potentially see some solid profits as it moves to the next resistance level. Thoughts and feedback welcome. Bingaz.
BINANCE:VETUSDLong
by Bingaz
4