Update on VET/USDHi guys, if you've seen my previous chart on VETUSD I wanted to update it and involve a little of the stochRSI. I've entered price ranges based on re-entry from oversold stochRSI up to re-entry from overbought.
Now if things stay optimistic from this point onwards, it looks like we have truly bottomed out and we are headed towards another re-entry from the oversold region. There are a few resistances on the way, hopefully we flip 0.095 and re-test for another leg up.
Disclaimer:
BTC and ETH have to behave. EIP-1559 hype seems to be pushing ETH along pretty well. BTC has pushed through major resistances and closed with a nice monthly candle above the 41.7k area.
That is ignoring all the currently poor outlook on the political and economic front. The USA is at an ATH inflation since the 1980's, with a CPI of 5.4%. RRP has hit the $1 trillion mark and with congress leaving for a 6-week vacation as eviction moratorium expires. In summary, not looking good and a recession seems to be coming. Play level-by-level and you should be fine.
VETUSD trade ideas
VETUSD is at the start of a multi-month rallyVETUSD is now one of the most undervalued coins in the market while at the same time having one of the strongest technical supports to start a multi-month rally.
As you see on the chart, the price bounced 10 days ago exactly on the Higher Lows trend-line of the Fibonacci Channel and broke above the 1D MA50 (blue trend-line). The sequence resembles a lot the early November 2020 break-out fractal (even on RSI terms).
During that phase, the price also rebounded on the Higher Lows trend-line of the Channel and progressively tested the 1D MA50, the 1D MA200 (orange trend-line) and finally the 1D MA100 (green trend-line), all within a smaller Channel Up. At the moment the MA periods are set the same way, possibly for a similar test.
Every peak/ Higher High appears to follow an arithmetic sequence, the first was onthe 2.0 Fibonacci extension, the second on the 2.5 Fib ext. Can the next one (and potentially the last in this Cycle) be on the 3.0 Fib ext or it seems too high for the market cap to you?
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Vechain almost ready to go bullocksHi crypto enthousiast,
And welcome to the crypto weather channel.
After a good dip (like the rest of the crypto market did) vechain is now finally ready to make its climb up and retake previous highs.
Right now its still under heavy selling clouds till tomorrow but we can expect a disruption in its downtrend very soon.
If you like this idea dont forget to like and subscribe.
Thank you very much for reading and good luck with trading.
Cheers,
The Crypto Weatherman
VeChain/USD | 28.07.2021VeChain broke out of the triangle pattern. We have two targets.
TP1: 0.09495002
TP2: 0.14076451
Good luck!
Patient LONG limit I like this long at .0725 for sure
Bottom thin line is absolute bottom unless this market goes on its face.
That first red target would verify a new mid-term higher high.
Triangle WAVE 4Initially I saw this correction as a WXY - now I tend more to this Triangle correction. Which would fit much better into the current market structure from my point of view. What do you think?
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07923).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.08989
TP2= @ 0.09526
TP3= @ 0.10170
TP4= @ 0.11550
TP5= @ 0.12250
TP6= @ 0.14157
SL= Break below S2
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💎 Want us to help you become a better Forex / Crypto trader?
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HighAccurate forecast for
💡Don't miss the great buy opportunity in VETUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07923).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.08989
TP2= @ 0.09526
TP3= @ 0.10170
TP4= @ 0.11550
TP5= @ 0.12250
TP6= @ 0.14157
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VeChain Scythe IdeaA scythe structure on VeChain
These usually result (from my experience) in bullish continuation
As we can already see a breakout is occurring from the also triple bottom on the Fibonacci circle
The bars pattern in green is what we can likely expect from price action in coming weeks
VeChain - Lets have a look at yaVeChain daily chart update:
VeChain had broken upwards through its Falling Wedge Pattern on the 22nd July.
VET has broken upwards through its downward trend-line and successfully re-tested it as support 4 days ago.
Note that VET had successfully tested its Major Longterm Upwards Trend-line as support twice on the 20th-21st July.
As noted on the chart, VeChain may have a new Support Line if VeChain closes this daily candle above it and turns it into support.
VET has found some resistance from its 50EMA and has dropped below it. We 110% need to close a daily candle above this crucial level and turn it into strong support on this 1D timeframe.
VeChain is above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe.
VeChain is slightly above its Bollinger Bands Upper band so we may see a drop back under the Upper Band or VET may continue walking upwards on the outside of the Upper BB.
Volume has increased and notice that todays volume bar is way above its Volume 20 Period Moving Average.
VeChain is back above its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that I’ve selected.
If VET goes higher, we can expect strong resistance at around. $0.0955
The Moving Average Convergence Divergence (MACD) is showing that the MACD (Blue Line) is still above its Signal Line (Orange Line) and we have Green Histograms of increasing size. We may see the MACD Line (Blue Line) cross back over the 0.0 Level into the positive zone. This would mean that a 12 Period EMA has crossed back over a 26 Period EMA on this 1D timeframe, this would be a very good thing. Note that the MACD Line (Blue Line) has not been in the positive zone above the 0.0 level since 17th May 2021 for this 1D timeframe.
The Average Directional Index (ADX DI) is indicating Positive Momentum has finally overtaken Negative Momentum on this 1D timeframe. The +DI (Green Line) is at 24.82 and has crossed over the -DI (Red Line) which is at 15.46. The ADX (Yellow Line) is starting to curve sideways at 28.46 but still below its 9 Period EMA (White Line) which is at 30.13. Note that this is the fist time the +DI (Green Line) has been above the -DI (Red Line) since 11th May 2021 for this 1D timeframe.
The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from -0.15 to the Zero Line at 0.0. Note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at -0.13. It's a good sign of accumulation strength when the CMF (Green Line) is above the LSMA (Blue Line).
The Relative Strength Index (RSI) is showing a sharp rise in upwards momentum with the RSI (Purple Line) rising to 59.43 from back when it was in the Oversold Zone on the 20th July. Note that the RSI (Purple Line) is back above its 9 Period EMA (Yellow Line) which is at 44.86, this is a good sign of upwards strength.
Congrats if you managed to buy VET at $0.056 or near enough. This rise is great but we shouldn’t jump the gun & we obviously need to keep an eye on what BTC is doing and whether or not BTC can break out upwards from its sideways channel. For VeChain, the daily 50EMA is a crucial level to watch. If VeChain fails to close a daily candle above the 50EMA then VeChain may drop back to its Bollinger Bands Middle Band Basis 20 Period SMA, but at the moment it’s looking very promising VET will close above the 50EMA, but again its best to wait for confirmation if your uncertain to go Long.
I hope this is helpful with your Trading or Hold-ing
Vechain - VET - Risk to Reward Challenge still activated!Vechain - VET - Risk to Reward challenge still activated! Out of the RED into the GREEN! Let's Go.
Macro ideas on VeChainThorBINGBON:VETUSDT
I am a VeChain enthusiast and think the project has great potential as a supply chain management application on the long-term. The project has partnered with industry giants including the LVMH group, BMW, Walmart China. Long-term very bullish. In terms of charts, this log scaled view outlines my ideas regarding the direction of the token. I will try to do some TA on the secondary token VTHOR, however, that token is quite volatile and hard to discern seasons of supply shock.
VET down trend channelsWe are in a daily downtrend with VET that needs to break the channel resistance
VET Breaking OutVET has broken through Key Fib Levels as well as multiple Resistance Areas. High Abnormal Bullish Volume and the 50 Day Moving Average has Crossed over the 200 Day Moving Average.
Golden Cross Confirmed.
Might see a retest in Price Action down at previous Support Area and hopefully bounce right off and Range Higher.
VETUSD NEXT IMPULSIVE MOVE UPAfter a successful move down to complete the 5 wave sequence, we should start seeing another move up for the next impulse.
Vechain $1 vs $0.020!- Vechain price reversal is likely as it approaches the range low at $0.0596.
- The partnership with ReSea Project helps prevent a million kilos of plastic polluting oceans.
- if Trend goes and stays below $0.055 bullish scenario will be invalidated!
Vechain | Reversal could be nearBINANCE:VETUSDT
Think this trendline could give us the answer coming days. I still believe that Bitcoin won't hold it's ground and we will see another drop to 24-26k, which would perfectly fit my view on VET - But there is no such thing as a perfect entry in crypto, so I would wait and see how the market reacts when/if reches the trendline. However, this would be a decent swing long if we see it hold. We had a similar setup at the start of this bullrun, it almost looks too perfect. Might become a trap.
Be patient and stay safe.
VET VChain Capitulation ZonesIf we have a soft capitulation buying in the green zone will be a great opportunity to grab some VET
If we have a hard capitulation like back in March of 2020 ( which is unlikely in my opinion) the blue zone would reflect the absolute best buying opportunity.
