VETUSDT TRENDVet has been bearish and trading in decending channels and there's been breakouts on each channels but none was able to reach the channel's climax. Now, vet is trading in a strong support zone with a pending formation of an inverse head and shooulder and a clear breakout on the decending channel. A good entry zone is 0.068 - 0.0697(first entry) which would be a retest of the new support line or a break above the resistance line at 0.0727 - 0.073(second entry) with a valid retest. Put a stop loss at this price level 0.0675(4% risk) for first entry and 0.0685(4% risk) for second entry.
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VETUSDT
VETUSDT Long Term Setup!VETUSDT (Day Chart) Technical Analysis Update
VeChain currently Trading at $0.082
Buy Level: $0.065 - $0.080 (wait for the small retracement)
Take Profit: TP1 $0.095 , TP2 $0.145 , TP3 0.25 , TP4 0.50
Good Pick for the Long term, In the chart you can see it's reversing from the support trend line and also you can see in the chart it breaks the resistance line in the daily chart.
I'm expecting the Vechain uptrend will continue. if the uptrend continues we can expect a new ATH in few months.
based on past trends we can expect a minimum of 750%+ growth.
Vechain Overview: VeChain is a blockchain-powered supply chain platform. VeChain aims to use distributed governance and Internet of Things ( IoT ) technology to create an ecosystem which solves some of the major problems with supply chain management.
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VET - Possible 20% GainsAfter getting the last prediction right on spot () now VET has broken this downtrend line that was acting as resistance since early june, signaling a possible change in trend, it shall test this resistance line again, once it gets rejected that's my entry point.
Entry - 0.06557
TP 1 - 0.07209
TP 2 - 0.07582
TP 3(stretch) - 0.07899
SL - 0.06255 Move SL as TPs are hit
NFA
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VET Has Finally Pulled Back Toward the MeanWas no surprise here, considering from the initial run that it took it was traveling well outside the 3rd standard deviation for the majority of weeks 2 and 3.
There are forces at play here, and probability is simply the dictator.
VET Critical Point - wait for it!BINANCE:VETUSDT In this chart we have a support line that have been respected since Dec/20, and no candles closes below it. Right now we're testing it and it will be bad news if we breakdown, expecting further downside to $0.60 level.
On the other hand we have another trend line been respected since early Jun, breaking this downtrend line might take us to retest higher prices in short term.
For now my position is to wait until direction is clear, once we have a direction we wait for a retest then long or short it. Tight SL and less market exposure as possible.
Thank you for reading.
VETUSDT Waiting for the Breakout Above the Resistance
Welcome back Traders, Investors, and Community!
Hi Traders, VETUSDT on H4 if we get a clear Breakout above the Resistance in the lower TF we can look for potential entry.
⬆️Buy at Resistance Breakout or Buy at 0.066
⭕️SL @ 0.056
✅TP1 @ 0.086
✅TP2 @ 0.102
✅TP3 @ 0.132
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
SHORT TERM BUYS ON VETUSDTAfter bouncing off the strong daily level of 0.07500, we see price struggling at the 4h level of 0.07800.
If price finds momentum to break above this level, long entries or buying opportunities could be found when we scale into the lower time frames.
Target is around the resistance level of 0.08300. We'll wait patiently to see if this sets up.
VET Intraday Trade I've gone ahead & labeled the Supply & Demand zones. Here we've just bounced off the Supply & believe we will make our way up to the Demand over the next hour or so, my trade is set for 3% gain If it's filled.
*Not Financial Advice
VET testing the resistance zoneWe are currently testing the upper resistance zone as well as the trending line in this wedge.
If we are able to break above the resistance zone/trending line we may see a nice push towards .08, this may be a very great end to the week. BTC seems to be gaining ground as well but it could very easily consolidate & shift the market into a consolidation phase.
*Not Financial Advice
VET could be on its way to .10As you see we are headed to the previous resistance back on June 20th which could be a great Buying Opportunity for a Swing Trade. We very well could break that resistance & fall until that Golden resistance which would be an Optimal Buying Opportunity once we get confirmation of a breakout.
*Not Financial Advice
VET TRADE #28 - Support retest entryIf support line is retested there's a trade opportunity to go long to 0.1 area.
BTC is potentially entering a squeeze zone and could get very volatile, stop loss on VET is essential here otherwise you can get gigarekt. And essential to take profit and not get greedy, when things get bearish you get less greedy. Don't go looking at 0.137 with stars in your eyes!
==TRADE==
TP2 = .095
TP1 = .082
ENTRY = .07
STOP = .068
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Fundamentals
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Blockchain-powered supply chain platform
Top tier project
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