Vechain After an inside bar and its inducement was formed yesterday, I had to wait for the opening of a new day to pick a demand zone that will be used for the buyLongby SkymForex3
Bull trap?This M formation appears on the 2 and 4 hour charts and is usually bearish. We see that price came down to $0.036, corresponding to the 0.618 Fib retracement, which adds to the likelihood that this is a bull trap. We see the same pattern printed in the RSI , which I find incredibly reliable. And We see bearish cross overs in several short term time frames up to 4 HTF. VET has been bogged down by uncertainty in Bitcoin PA and has not been trading with convincing strength enough to break it's overall downward trend. We can expect Vechain to finish the pattern and fall to around $0.035. Shortby theothermurph511Updated 2
Vechain looking to break $1 this cycle??The pattern seems to fit for the moment on messy little chart :) Will be interesting to see how it plays out. Has recently been a surge of new wallets and predictions for a parabolic surge. With so much going on in the crypto space at the moment im opting for conservatively optimisticby AstirArcane779
VeChainFor my sport memorabilia enthusiast do i got the one for you. Introducing VET, a blockchain foundation who has just announced a relationship with the UFC. VeChain is powered NFC and blockchain tech that will be integrated into the gloves of the fighters, hence collectibles. Authenticated by blockchain. I think this is big for collectible, because i also read that there will be incentives for actually having owing don't quote me on that. According to VeChain on X. " At UFC 302 each athlete will hold the power of VET." So what does all of this mean, integrated chips will serve as an authentication tool, and a way to engage with fans of the sport. Through bespoke content, dedicated to a single person for unique experiences, marketing opportunities, and special offers such as discounts. It also ensures legitimacy of the item if sold traded, eliminating fraud. One of the biggest reason i took a break from sports collecting. So this might be me back, i do not own any VET or this isnt any financial advice but i do love the idea and concept, and has great potential. Wathing the 0.382 on the FIB, if that fails next support level we are watching will be 0.236 on the FIB. Shortby forstockzonly1
VET/USD 3-Day Chart - Uptrend, Potential Breakout, and Reversal This analysis examines the VET/USD 3-day chart, focusing on a potential uptrend, breakout target, and reversal signals. Identifying the Uptrend: Rising Channel Pattern The chart exhibits a rising channel pattern, characterized by price movements bouncing between an upward-sloping upper trendline and a lower trendline. This pattern typically suggests an uptrend, where the price makes higher highs and higher lows over time. Target Price Based on the Uptrend Channel The upper trendline of the channel can be used to estimate a potential price target for the uptrend. In this case, the analysis suggests a target of around $0.0600 for VET if the uptrend continues within the timeframe of the 3-day chart. Double Top Pattern: Reversal Signal or Resistance Test? An interesting observation is the presence of a possible double top pattern near the $0.053 resistance level. A double top is a bearish reversal pattern formed by two consecutive price peaks at approximately the same level, followed by a trough and a break below the support level between the peaks. If confirmed by a breakdown below the support level, this pattern could signal a potential trend reversal towards the downside. However, it's important to note that the double top formation might not be confirmed yet. The price could be attempting to break through the resistance at $0.053 for a continued uptrend. Strong Support Level: A Potential Buying Zone The chart also indicates a strong support level at $0.045. Support levels represent areas where buying pressure tends to increase, potentially halting or reversing a price decline. If the price falls, it might find support around $0.045, preventing a steeper decline. Additional Considerations for a Well-Rounded Analysis While the technical analysis of the channel pattern and potential double top provide valuable insights, a more comprehensive analysis should consider these additional factors: Trading Volume: Higher volume on breakouts (upward surges through the upper trendline) strengthens the uptrend's validity. Conversely, lower volume breakouts suggest a weaker uptrend susceptible to reversal. Technical Indicators: Technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) can be used to gauge momentum and identify overbought/oversold conditions. This can help pinpoint potential entry or exit points within the channel or during a breakout/breakdown. Fundamental News and Events: Staying informed about relevant news or events impacting VET's price is crucial. Announcements from the VeChain Foundation or partnerships with other companies can influence price movements. By combining these elements with technical analysis, you can develop a more comprehensive understanding of the VET/USD 3-day chart and potentially make informed trading decisions. Remember, technical analysis is a tool to assist with trading decisions, but past performance is not always indicative of future results.Longby ParabolicP6
Sold my Vechain for a $13 profit.I turned my spare $98 into $111, a $13 profit. This has to be one of my worst profits. I usually put $300 into each trade which I will be doing next time and before starting swing trading I missed my first sell signal which I have learned from today.Longby Farhadgohar881
VET long positionvet is retesting its resistance and further soar to tp indicated on chart.Longby patriot683
VeChain Twist: Next Crypto Crash or Rally?VeChain is moving in the direction we anticipated, heading downwards. Of course, we'd be pleased with a continued parabolic rise since we have two open entries that have performed exceptionally well, with our stop-loss significantly moved up. Thus, we've already taken profits, securing a good position, but we aim to build a larger position in the overarching Wave (2), where we expect it to reach between 50% and 61.8%. This is significantly distant from the current price. We also anticipate that VeChain might react more sharply to a potential sell-off in the cryptocurrency market than other assets, given its recent parabolic rise and increased volatility. As clarified in our last analysis, we've reached the Wave ((b)) at the 138% level, between 127.2% and 138%, and haven't seen this level since, leading us to expect further price declines. We estimate that for Wave ((c)), we might not immediately see a conclusion but rather a drop to the level of Wave 3, followed by an overarching Wave B and then a Wave C formation. The exact unfolding of this overarching corrective Wave (2) remains to be seen. However, we will not alter our stop-loss and will wait to see if VeChain falls as much as we believe it might. Longby stromm_by_wmcUpdated 227
💰 #VET/USDT VET produced the channel on weekly timeframe👀 Se💰 #VET/USDT VET produced the channel on weekly timeframe👀 Send it if we do break out✈️Longby CryptoSkullSignal9
The expected movement of the $VET priceBased on historical chart analysis .. The price may break the price channel shown in yellow and rise by 100% to 120% . then retest the channel again and then move towards a new historical peak. Longby AnalystAhmedUpdated 1117
VeChain (VETUSD): Last Impulse before a bigger correction? 📈🤔Let's take a closer look at VeChain BINANCE:VETUSD on the 1-hour chart. We're continuing to hold Wave 4 well at $0.025. Since then, we've developed a 5-wave structure leading to our overarching Wave ((i)). Now, we're anticipating the formation of Wave ((ii)), which should fall within the 50 to 78.6% range. Dropping further down would significantly decrease the likelihood of this still being a Wave ((ii)). Following this, we expect an uptick for Wave 3 to at least $0.035, representing an increase of nearly 30 percent. This is the minimum we're projecting for our Wave ((iii)).Longby freeguy_by_wmcUpdated 131311
Vechain Potential UpsideBINANCE:VETUSD vet could be setting up for much higher prices here Longby MindsetTrad3r4
what next for $VET in Short Term ?The Truth Is We Are In A BullMarket And Taking Short Has More Risk Than Long Positions. If WE Oppose A Correction In This Area; It Would Be A Golden Opportunity To Buy Specially Altcoins That Haven't Rise In Their ETH And BTC Pairs. NYSE:VET Is One Of Them. The Momentum Is Bullish And Most Altcoins Have This Pattern As BTC Had but Broke That And Went To 72K And Now We Can Say 75K Is Inevitable. If There Is A Chance To Buy Altcoins In Opposed Correction; This Head And Shoulders By Breaking 4H TimeFrame 200 EMA Bull Support Band Resistance To Daily EMA Bull Support Band Resistance ( 0.03230 Area )As You Can See In The Chart Below. Of Course, It Should Break My Green Trend Line For Stamp Approval Of This Target. Otherwise, Its Next Target In The Bullish Scenario Is 0.07525. #DYOR #NFAby keshihrk43020Updated 226
VETUSD - Bullish CurveVETUSD is in the process of breaking out along this curved trend line support I expect it to hit the upper dotted line and possibly even break it Bullish. This is the 4Hr chart for VETUSD. by Bixley15
$VET Vechain coming to test COINBASE:VETUSD coming down to retest prior resistance. lets see if we get bounce by MindsetTrad3r1
Trading Analysis for VeChain ($VETUSD)Let's dive into an analysis of VeChain ( BINANCE:VETUSD ) from a wholesale and retail perspective, emphasizing the importance of buying at value and selling at a premium. Overview: VeChain is currently trading within a specific price range, indicating potential buying and selling opportunities for traders. Our analysis focuses on identifying these opportunities and understanding the broader market context. Wholesale Level: At the wholesale level, VeChain is trading between $0.02945 and $0.03705. This range suggests the price at which large-scale traders or institutions are acquiring VeChain. Buying at the wholesale level ensures favorable prices, akin to purchasing goods directly from manufacturers at a discounted rate. Retail Level: Conversely, at the retail level, VeChain is priced between $0.26 and $0.14. This range represents the price at which individual traders or investors typically enter or exit positions. Buying at retail prices may not be as advantageous, analogous to purchasing goods from a retail store at a higher markup. Higher Time Frame Analysis: On a higher time frame, VeChain exhibits a broader trend with significant price levels. Currently, the trend is upward, with a value zone identified between $0.029211 and $0.0400. This zone indicates favorable buying opportunities, as prices are within or below the perceived value range. Stochastic Indicator: The Stochastic oscillator is a momentum indicator that helps assess overbought or oversold conditions. Currently, the Stochastic indicator for VeChain is undervalued, with the K% at 20.95. This reading suggests that VeChain may be oversold, indicating limited downside potential in the near term. Imagine VeChain as a product available for purchase. Just like buying goods, it's ideal to buy VeChain when it's priced lower, similar to purchasing items at wholesale prices. Buying within or below the value zone ensures you're getting the best deal possible. Conversely, selling VeChain when prices are higher, akin to retail prices, allows traders to capitalize on premium rates. This approach mirrors the concept of buying low and selling high in traditional markets. Considering the Stochastic indicator, which currently indicates oversold conditions, VeChain may be poised for a potential price rebound or stabilization. In conclusion, analyzing VeChain from both wholesale and retail perspectives provides valuable insights for traders. Buying at wholesale or within the value zone offers favorable entry points, while selling at retail prices allows for potential profit-taking. Let me know what you think about the project in the comments! Remember, successful trading involves strategic decision-making based on market analysis and risk management. By adhering to the principles of buying low and selling high, traders can enhance their chances of profitability in the volatile cryptocurrency market.Longby ImmaculateTony1
VETUSD: Vechain trade to complete fifth Elliott waveVechain has printed a nice rally in its chart that so far has yielded a third wave, currently correcting in wave four. This market may expect to continue its rise in wave five, as depicted. Longby unbeldiUpdated 202042
$VET BULL PENNANT- $0.07 INBOUNDVechain is forming a nice bull pennant on the daily, once this breaks, we should see a run towards the 7c mark. Longby drippycryptoUpdated 3311
VETUSD short term targetsHere is my short term EW count for BITFINEX:VETUSD Both the weekly RSI and Stochastic are showing signs of real strength. My initial target for the wave of this impulse is around .0676 (1.618 fib extension) We may see an ABC correction from there before breaking this resistance and moving higher. I'll post updates as this wave nears completion to show what my thoughts are next for this chart. Overall, BITFINEX:VETUSD is showing a lot of strength and we could see much higher prices in 2024. Longby crypto4774
$VETUSD emerging from a wedge VET is emerging out of a wedge. Looking bullish. Higher lows and rising above 8 EMA high .LONG! Longby Silverbullet1211
Vechain looking for a bullish pumpVET is one of the few cryptos that has not gotten a significant bullish rise over the past several months. It is currently testing a historical parallel trend line that was previous support over the past few years. We could be seeing a 4-5 cent vechain if it find support here. Longby JMazu84Updated 14