VECHAIN - VET Moving into Carbon Emissions Control 🏭🧐👍VECHAIN has been on our radar and portfolios for quite a while. You might remember our previous posts earlier this year.
It is time, both Technically and Fundamentally to look at this option again.
Technically the price is now approaching it's greatest support level and this offers us a nice chart to work on.
Fundamentally there are some great news as VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data:
''Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.
The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.
The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.”
In the announcement, VeChain cited obstacles with trust and transparency in traditional supply chains when collating companies' carbon emissions data. A public blockchain solves this problem, providing transparent accountability for all layers of the supply chain network.''
This is a great idea and keep in mind that there will be a 3,5 Trillion dollar bill in the US for the environment. Connect the dots here.
Beat Co2,
the FXPROFESSOR
VETUSDT
Cup & Handle Daily VETNow, by definition the "Cup and Handle" formation signals the continuation of a bull move. Some will say that due to the action over the last few months that this is not the right "call". However, if you zoom out far enough, you'll see that we are still in a macro-based uptrend.
That said, it's obvious what the price action will do. Enjoy the ride. I'm holding this until $0.50, then reassessing the market before making my next move which will most likely be swapping some VET for ADA so I can increase my staking margin.
- Bull volume has been strong
- Support Lines have held
- RSI has reset
Vechain(VET) Update 22/08/21: 115% back to ATH Vechain(VET) Update 22/08/21: 115% back to ATH @ $0.28, currently VET is fighting some heavy resistance at the 38.20% Fibonacci level. From here we can expect a break above this level, and if the bullish momentum continues (especially after BTC's run to $50K) we could see VET pushing past the 61.80% fibonacci level @ $0.19 (47% Gain from the current price level). Further confirmation of the continued bullish move by another 13EMA and 50SMA crossover on the 4H chart. Please see previous analysis below. Happy Trading :)
Vechain(VET) Update: 220% Gain from Buy Zone..Next Stop $0.28. Vechain has tested the 200SMA and broke above showing strong signs of bullish momentum. There is potential 220% Gain from Buy Zone @ 23.60% Fibs to the ATH @ $0.28. Vechain is 62% up from the Buy signal triggered by the swing call script. From here we may have a small cool off period as VET is currently fighting some resistance at the 38.20% Fibonacci level. So far VET has gained +115% over the past 30 days and +45% over the past 7 days, we can expect continued momentum as the alts continue to slowly wake up and rise. Please see previous analysis below. Happy Trading :)
Vechain(VET) Update 07/ 05 /21: 40% Gain from current price level to 127.20 Fibonacci extension @ $0.33. See previous analysis below
Vechain(VET) Update 27/04/21: 228% Gained from our Buy Zone 4 from the 4th April to 16th April...Next Stop $0.33 from Buy Zone 5 which is an 81% Gain from 50.0% Fibonacci retracement level. Lets take advantage of the current prices as we will not be seeing these low prices for a long period of time once the Bulls are back in the market for the next push phase. Use the Buy Zones to map your Buys or simply for dollar cost averaging. The Fundamentals are great for this project and we are very bullish on Vechain and can see EOY price target between $2 to $5. See previous analysis below. Happy Trading :)
Vechain(VET) Update 05 /04/21: VET perfect bounce from Buy Zone 4 37% Gain to $0.11. See previous analysis below.
Update 30/03/21
Vechain(VET) looks ready for another 37% Gain to $0.11. Since the 27th March Vechain has been consolidating between $0.087 & $0.097 range. Stochastics are now showing an oversold market and VET looks ready for continued Bullish momentum to the upside. Be patient with your entry as we expect VET to test the 78.60% Fibonacci level before confirmation of a move towards our target at the 127.20% Fibonacci level @ $0.11. Failure to test the 78.60% Fibonacci would see a 12% Gain from the current level to the previos ATH tested on the 22nd March @ $0.10.
Use the Buy Zone ($0.088) to map your entry if you are not already riding the current wave, from here you can DCA to accumulate more coins, 37% Gain to our $0.11 price target.
See previous analysis below. Happy Trading :)
$VET #Hodl
Update 23/03/21
Vechain(VET) looks ready for another 46% Gain to $0.11 at the 127.20% Fibonacci level. Stochastics on 4H showing an oversold market at this price level. On 22 March VET reached $0.10 on the Binance exchange. Since reaching this price level, the price broke below the 13 EMA and 50 SMA as the profit takers came into the market after 21 days of this strong bullish continuation pattern. Although we have broke below both 13 EMA and 50 SMA , overall VET is still bullish and we can expect a bounce from the price pushing above the 50 SMA but be patient as they may be more profit takers in the market. There is a high probability the Bulls will take back control and continue to keep pushing the price higher. Currently VET is showing signs of a weak retracement just below the 78.60 Fibonacci level. Use Buy Zone 3 to map out your Buys from here and if the 13 EMA crosses below the 50 SMA , we will be looking to DCA and Accumulate between the 61.80% to 50% Fibonacci level. From the 61.80% Fibonacci level we expect a 57% Gain to the 127.20% Fibonacci level, this would be the worst case scenario if we get a stronger retracement. See below previous analysis of a new ATH target @ $0.14 as this is the best case scenario from here. Happy Trading :)
Vechain Monthly Outlook Update 23/03/2021
Vechain(VET) Explosive Move New ATH Target, 62% Gain to $0.14, we are very confident this new price target will be reached over the next coming days/week(s). Stochastics showing an oversold market on the 4h
*Update Vechain Outlook 20/03/21*
Vechain is still on course to our 127.20% Fibonacci level, beautiful continuation pattern. Some great Buy Zones to DCA in this channel. New Target @ 161.80 Fibonacci, lets ride this wave to $0.11, 24% Gain from current price level.
Vechain dropped into the perfect Buy Zone zone to enter if you’re not yet in or want to dollar cost average if you’re already riding the current wave. Happy Trading :) See previous analysis below.
*Update Vechain Outlook 18/03/21*
Road to $0.10 is clear, we are still in a strong continuation pattern in search of new ATH at the 127.20% Fibonacci level in the short term. Use Buy Zone 3 to set up your buys, perfect sniper entry would be at the 78.60% Fibs (33% Gain to 127.20 Fibs). Watch for price action as we may see a small retracement down to test the 50 SMA just below the 78.60% Fibs before pushing to the upside towards the $0.08 price level and further $0.10 (40% Gain to 127.20% Fibs).
*13/03/21*
Vechain's price soared to a new ATH on 12/02/21 reaching $0.606 on the Binance exchange. Following the new ATH there was a small retracement before trying to push past the resistance set at ATH , but this failed to break on 19/02/21 and was met with huge selling pressure at these price levels, retracing down further, quite sharply after 4 days on 23/02/21 touching the 50 SMA on the daily chart with a low of $ 0.0341. The downward pressure was met with a sharp bounce on the 50 SMA recovering in a day 24/02/21 back to the 38.20% Fib retracement level showing strong signs of Bulls still in the market. As of the past 3 days the price has been consolidating between a small range between the 38.20% Fibonacci retracement levels and 23.60%. Further to note the price on 2 occasions has tested to break below the 50 SMA failing twice signalling strong bullish pressure and signs of the Bulls to continue driving the current price to test the ATH yet again whilst also setting the sentiment of a possible new ATH at the 127.20% Fibonacci retracement level @ $0.0702.
Furthermore the 200 SMA has been tested at 3 occasions on the 4H Chart, failing to break past this level. Vechain is in a perfect zone for Buys back towards the ATH . Stochastics on the Daily chart signal an extremely oversold market so expect Vet to push back 55% back to ATH levels and Further 74% to 127.20% Fibonacci with the potential to set a new ATH in the coming days to weeks in March.
The Fundamentals are great for this project and we are very bullish and can see EOY price target between $2 to $5. Buy Zone 1 @ 23.60% Fibonacci retracement level for the perfect sniper entry. Be patient, wait for confirmation before entering any buy. Happy Trading :)
Short idea with VET-engulfing daily candle leads to the downsideYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
Vechain to .1824 Vechain getting ready to move to .1527 which is a resistance level.
And then make its way to .1824
VET Break Out?Since the market started performing pretty well ALT's started doing their thing. One of the most popular of the bunch is VeChain.
VET showed stability over the time since coming out in 2020 seems like it didn't really stopped. Became really popular between the pattern traders as a swing trade unit and it became really popular between Crypto Investors as well.
One of the crowd favourites together with BTT and WIN during the Crypto Bullish "explosion" from the begining of 2021 definetly shows why is amongst the most traded ones.
Volume is there and it can go for a new Season High in no time.
Going early on on a dip as big as -81% VET really showed caracter and bounced back to -43% from its ATH, looks like its going to test major ressistance at the $0.15 mark and most probably will break out.
Fasten your Belts and lets see how this goes.
VeChain analysis in 4H time frame * VeChain is facing rejection from it's major resistance around $0.14500 level, every-time it moves to break the resistance it gets rejected and drops till the below trend-line which is working as the support for the price.
* In order to continue the bull run VeChain needs to break it's major resistance.
* VeChain is bearish below the trend-line.
#VETBTC PUMPED 37% ! New Trade Setup!Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
VET PUMPED ALMOST 37% right after I posted my last setup!
I am still holding and accumulating these dips.
If you haven't entered yet it's under retracement now so it's a good time to add some around 240 to 260 sats.
Target Still remains 239% from the bottom.
What's your thought on this?
Do you think this correction is over?
Do you think VET could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
VECHAIN NEEDS FRESH BLOOD TO SCALE HIGHERVechain is riding an ascending channel. The ceiling of the channel has been respected a few times.
Price action is now bound for a cluster of support. The level that is designated in green used to be a strong support area, which is regained now. A bounce off this area can validate an assail towards the resistance which is designated in red. The area designated in purple could act as a launchpad. We need to wait and see how price action develops there.
In case of a bounce off the purple box, the trade offers a decent R/R with a profit to the tune of 25%.
#VETBTC 239%+ potential Rally!Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Well, this setup is for the spot.
Accumulate between 200 to 250 sats for almost a 200%+ rally.
If you don't intend to miss this coin, you can simply buy some now and wait for the retracement.
The best strategy is to buy when Bitcoin takes a leap to the downside and ALTS BLEED!
Keep this second coin noted after Sand.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
VETUSDT BULLISH SIGNAL UPDATE!!As you all know, VET is not performing well from last 2 months and according to the Chart patterns, Ascending Channel is formed, Breakout formation and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/BTC CRASH
Happy Trading :)
Good Luck!
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