VETBTC trade ideas
cup and handle on VET/BTC this could be play out wel with the upcoming PoA 2.0 implementation on the vechainthor blockchain. vechain is currently so undervalued imo. do some research on vechain and you mind will be blown.
VET reached first resistanceAs predicted we can see a lot of higher highs and lows on the VET/BTC pair.
Broke through the golden pocket, retested and continued.
Broke through each high, retested and continued.
This is pure poetry. We've now retested the green support area after bouncing from the previous high around 130 sats.
Expecting a break of this level with some volume, another retest and a continuation towards 159 sats. After which this trade will have played out.
VETBTC TPsThe 161 box and the top channel lines are great candidates for a TP. Considering we're in a bear flag I'd take TP at whichever comes first.
VEC / BTCVechain, developing good partnerships and running a-mock, especially in the United Arab Emirates (those peeps have $ dollars $). Check this entry tho! You won't get it this cheap for a time.. Sell some mid-March, don't flush your head in the toilet
You must DYOR because I know Physics and charts is my hobby
VET looks good at both pairsYOUR 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!
********************************************CHECK MY LATEST ANALYSIS DOWN BELOW********************************************
Vechain (VET) Most Undervalued Cryptocurrency $1 Potential.Everything from luxury goods, counterfeit prevention, wine, vehicles, NFTs, Covid19, healthcare, distribution, art, food, ect... The first 5-star-rated blockchain service provider in the world Vechain is the swiss army knife of blockchains. Vechain (VET) I believe is perhaps one of the most undervalued cryptocurrency in the space this year. Having a vast network of partnerships it is the most publicly and widely used blockchain network used by governments, small businesses, and enterprises worldwide solving a real global problems and more. In a nutshell Vechain is the blockchain for the supply chain and logistics industry.
As of right now Vechain has a long way to go before it even hits a new Bitcoin price discovery phase. We've been trading below the .236 Fibocannci level since September 2020 for less than 100 satoshis!!!! In a sense this can indicate that Vechain still has a massive amount of growth especially if Bitcoin drops in dominance. In the short term our price target is 105 Satoshi.
I'm not normally one to give big price predictions but based on fundamentals and tokenomics I believe Vechain has $1 potential this bull cycle. Especially if we consider that this may be a Bitcoin " Super Cycle" due to our current political and economic environment from the effects of COVID-19 on our global monetary system. There's a current circulation supply of 64,315,576,989 VET and Max Supply 86,712,634,466 so we're getting closer to no more Vechain coming into circulation.
As of right now dollar value of Vechain rounded out is roughly $0.05 cents with a current market cap of $3,000,000,000. Multiplied by a 20x and this gives us a $1.00 Vechain with a 60 Billion dollar market cap which in my opinion is not too far fetched considering a mutli-trillion dollar cryptocurrency market cap, what Vechain is, and the industry they're revolutionizing.
Remember Vechain is a first mover and has first mover advantage in its space. You know me I always keep a fat bag for the long term been accumulating since it was less than a penny. Keep Vechain on you radar this project has extremely strong fundamentals. Much peace, love, health, and wealth!
VETThis 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 personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
VET bullish structure- Higher highs & lows
- FIB retracement 1 shows us price went from the low towards the 1.618 level
- If we see this repeated on FIB retracement 2 we could see a move towards 160 sats
VET/BTCVechain looking very good for a nice buy against Bitcoin. This level should be monitored for a nice buy at this level.
VET is likely ready to soar...VET/BTC is going to break MA200 and in case of happening, this could be a great buying opportunity...
Watch out...
VET/BTC Breakout - 50% minimum potentialLooking for VET/BTC to breakout late tomorrow. It is squeezing this pennant, was bullish entering it, and is riding the 4th to 5th wave of an Elliott Impulse Wave.
VeChain looking for a breakoutVeChain with it's ultra strong fundamentals is looking for a breakout. We can clearly see that the 95 sats level has been supported by the bulls three times. The pair is consolidating in a descending triangle which is a bearish pattern. However because the market sentiment is very bullish this pattern is more likely to breakout to the upside. Currently the bulls are fighting the upper trend line and the 200MA at 105 sats. A long position can be entered when this resistance breaks with convincing volume. When this happens the next target will be 140 sats.
Wishing you the best and good luck.
Dont mind me i am just feeding my bias hereSo close to breaking out of 1D ichi cloud ... broke the downtrend that started in july 2020 ... Inverse Head & shoulder ( looks like it ) tested resistance 5 times will this be the one ? volume not insane but its there . seems to me a nice move is incoming ... Unfortunatly VET seems to always gear up when btc wants to pump and then just goes back to square 1 ... I do have a bag from low 70 and i really love VET because back in 2017 VEN made me lots of money.
feel free to validate my bias in the comments or point out what i am missing here .
VET retesting bottom breakout levels vs. BTCVET broke out last week with some nice volume coming in on the buy side.
Price is retesting the breakout level today for the second time, confluent with the .382 fib that markets the top of the Pump Chaser Zone (PCZ).
A tight setup presents itself if a trader choses to place a stop loss just below the PCZ at 89 sats. Alternatively, one could loosen their stop and size down to maintain the same overall risk to portfolio.
We're eyeing the 168 sat level, market by a 1.618 fib extension and a .618 range retracement as a TP1 area.
Bitcoin is coiling up in what can best be described as a rising wedge. If it breaks hard either way, one should expect a setup like this to get blown out. Risk management in altcoins vs. BTC is of utmost importance right now! As ever :)
