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VETUSD trade ideas

VeChain Daily Chart UpdateVeChain Update: What an absolutely crazy couple of days. Remind me never to buy a Tesla. At the moment of typing this, VeChain is still below its 50EMA on the daily chart. VET needs to eventually close a daily candle above this level and turn it into strong support. VET is above its 200EMA. At the moment of typing this, VET has found a support & resistance at its 100EMA. VET needs to close a daily candle above this level and turn it into strong support. Notice that VeChain came close but never actually managed to drop & close below its Pitchfork Hagopian Line indicating that this longterm upwards Pitchfork Pattern is still valid. At the moment of typing this, VeChain is still below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET needs to eventually close a daily candle above this level and turn it into strong support. The Bollinger Bands Lower Band is starting to curve sideways indicating volatility is slowing. The Price has gone back above its LSMA and has closed a daily candle above this indicator yesterday. The Chaikin Money Flow (CMF) is indicating VET is back in the Accumulation Zone and heading sideways with the CMF Line (Green Line) at 0.02. The Average Directional Index/Directional Movement System (ADX DI) is indicating the -DI (Red Line) is at 26.2 still above its +DI (Green Line) which is at 12.2. The ADX (Yellow Line) a 36.8 still above its 9 Period EMA (White Line) which is at 32.2 indicating a strong trend but notice the +DI is pointing upwards and the -DI is pointing downwards so we may eventually see a +DI cross back above the -DI for renewed upwards positive momentum. Notice that the Volume is increasing and is above its Volume 20MA (Orange Line). During the recent Crypto drop, VeChain was one of the cryptos that was hit the worst but it is now showing signs of a possible strong recovery. It’s still too early to say for certain but a good sign for the entire crypto market will be if BTC manages to close a daily candle above $40.5K which is roughly where the 200MA is on the BTC daily chart and turn that level into strong support. It should be an interesting 2 months for VeChain with POA2.0 and possible DHL & Government carbon projects on the horizon. Also, congrats if you managed to accumulate more VET at $0.05 - $0.1 during the drop. I hope this is helpful with your Trading or Hodl-ing. CMF ADX DI
BINANCE:VETUSDLong
by TradingThroughTheLens
10
VET - Ready for takeoff, or DCB?If I were trading off the Stochastic, it would be go time on VET. According to Stoch, VET is coming out of an oversold condition. While the MACD appears to be moving toward the same decision, it has not confirmed that selling is over. Bollinger Bands have VET moving away from the lower band, but we could see VET just returning to the SMA, currently at .16, and then returning to a downward move. At this time, I'm just going to go with my gut instinct and add a little more at his level. I think VET below .10 is just too good of a deal to pass up.
VLong
by SPY_Trader
2
VET ready to breakout!!?Vechain has recovered pretty well compared to most cryptos right now we are well above the 200 Day MA which is very positive and we are sort of getting stuck at the blue 100 day with 2 bounce offs, aswell this 100 day MA happens to be lining up perfectly with this descending channel that has formed over the past 20 days. Once we see a full break of both the descending channel and the 100 day MA i think VET will start to explode once again like we saw a little while ago! Our RSI is pointing down slightly around the oversold zone and we have lots of room to run up to that midpoint line, for a full uptrend we need a confirmed break of that 50. point! The zero lag MACD looks very bullkish with our lead heading up and a start to a confirmed flip bullish with our blue MA ontop of the Orange. Very Bullish on Vechain as a long term project too i love the tech and real world use cases they are providing and could definitely see VET as a top tier crypto project in the near future, their partners are quite impressive and big institutions are really starting to realize what Vechain can provide and bring to their businesses! Not financial advice just my opinion!
BINANCE:VETUSDLong
by JacobR905
VET - Best Potential Long Becomes Best ShortI had hopes for VET to make a final leg up. Before BTC crash it was holding the line very well. And imo it is still one of the strongest alts, but I think all that means now is it is the one holding closest to resistance at 0.13 and that can make it a short with good RR. In a little while VET and all alts should be taking a tumble because BTC has wicked into SOW resistance see my Wyckoff thread for full details and that should be a heavy, effectively near impossible overhead to overcome now. The only way is down I think, and there will be no continued alt season. Opening a short her at 0.13 TP 0.035 SL 0.165. If I see price retreating quick on a crash I may just sell. Btw if it works I will exit my short mid way and re-fire to not incur short retracted loss. Not advice.
BINANCE:VETUSDShort
by dRends35
12
VeChain (VET) - May 21Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (VETUSD 1W chart) (1D chart) We need to see if we can get support at 0.12828604 and get off the downtrend line. If it falls from the 0.12828604 point, a Stop Loss is required to preserve profit and loss. However, it may rise along the uptrend line, so careful trading is necessary. In order to turn to an uptrend, it must rise above 0.17029034 and gain support. ------------------------------------- (VETBTC 1W chart) (1D chart) We need to see if we can get support from the 316 Satoshi-350 Satoshi section and get off the downtrend line. If it falls, it remains to be seen if it can gain support at the 248 Satoshi spot and climb along the uptrend line. If it declines at 248 Satoshi, Stop Loss is needed to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 221 Satoshi point. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:VETUSD
by readCrypto
VETUSD 12HPrice has reached the powerful ascending trend line, which price has made very strong moves off in the past. Price has also retested previous resistance as new support structure, which aligns with the 50 fibonacci retracement of the last major impulsive movement. Price is now showing signs of slowing down at the key support zone, showing signs that buyers may step in to start a new impulsive stage & resume the uptrend for a new potential higher high next towards 0.35000 ...
BINANCE:VETUSD
by Profound_Ambition
3