VETUSDT context seems ripe for a leg is up...Fractals and rhymes. :)
What are the odds that the next leg will be up?
Love seeing these patterns when I'm looking to trade with a prevailing trend on a HTF.
Not trading advice.
Vechainthor
VeChain ScallopsVeChain idea containing four scallops
Some descending some ascending
While in a rising wedge this is a weak indication of a bearish move
Some chart patterns aren't respected as much, or seemingly have different success rates as others
Personally I think this is pretty bullish, fundamentally
VeChain | Back on Track?After quite some bleeding, VeChain's TA is finally looking good again. Volume is increasing and the negative downtrend has been broken. After waiting patiently and buying more at any significant dip, I expect to see some great bullish momentum in the coming weeks. Other traders are already calling for a Cup and Handle pattern for $VET, where I am mainly focused on the longer-term outlook: all lows of these past two weeks were still significantly higher than January 11th low (+/- 25% lower). Looking at the short-term, $VET needs a breakout above the current resistance of $0.0295, which is almost happening as of this moment.
What VETUSDT's bearish close last week means going forward?Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term.
Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that, next support I'm seeing is around the 0.022 levels.
VETUSDT at key 0.0265 level once againThis level has been a consistent inflection point in the past so not surprised to see market reacting to this level again. Part of me thinks it will hold but only time and the market will tell.
VeChain | Ready for Take-Off? VeChain $VET is showing so much potential with its projects and could be about to take-off! VeChain's ATH (All-Time High) was already broken by today and is showing us an ascending triangle on the 4H chart, but we have to see if there will be higher highs in the coming period and try to avoid a double top pattern. To conclude, it looks very bullish to me. In addition, some interesting market developments today, as almost the entire cryptocurrency market is in red, except for VeChain.
VETETH rallying to test trading range resistance level?Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario...
The bottom is probably in, folks! :)
Will VETUSDT close the week above key level again?Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see the price close above 0.0265 again for the second consecutive week.
I do believe this is significant. And it's even better if we close this week above last week's closing price (0.0271).
Note, however, that the market is in a trading range right now so we are not out of the woods yet until we see that follow through buying to get us out of this 2-week price range. But closing the week above 0.0265 again definitely improves the odds toward that end.
VETETH bullish reversal scenario and the key near term levels...From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal.
Just needs to break that neckline around 0.0000233
VETUSDT finally saying goodbye to 2-cents? Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term.
Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
VETETH at low of range and ready for a bull leg...Possible falling wedge bottom forming. Markets tend to continue what it's been doing recently so betting on a rally from this support level is reasonable IMO.
Let's see how things pan out.
VETUSD Golden Cross UpdateLooking Good. 50MA and 200MA "Golden Cross" cross should happen in the next couple of days. We have maintained the ascending parallel channel, and we should be on our way to breaking upwards through it a few days after the cross. Merry Christmas VeChain hodlers!
VeChain EntryEntry within the weak uptrend.
Looking for another bounce up to break the channel for a second and final time.
Could a reversal happen soon & signals to look for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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VETUSD bottom is near or bottom is here? Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another attempt at 0.012 and maybe higher. To achieve that we need a daily/weekly close above that descending resistance trendline marking a potential wedge bottom structure.
VET Bullish Long termBullish divergence on weekly time frame. Long term buy signal. Daily and shorter time frames are also solid. Extremely bullish on Vechain, Mainnet transactions have seen huge growth recently.
VETUSDT forming higher high outside of months long consolidationLetting the chart speak for itself. Target/resistance levels already marked.
VETUSDT closing the week on a bullish note?A weekly close near the weekly candle high would be welcome development and should be great bullish signal considering where we currently are.
Context is everything and right now, we are at a good place to launch! As long as that 0.01 level holds, we are good to go!
VETUSDT 2-legged pullback complete?Weekly chart is clearly showing 2 legs down from the AUG high. Context is good for a leg up from here on but the bulls need to hold 0.01 on a weekly close to increase likelihood of a move up in the short term.
VECHAIN MIGHT BREAK OUT!!Broadening wedge forming and we are about to break out and backtest it as support again !!1
VETUSD - very BULLISH long off possible corrective bounceSince my last trade idea became invalidated on VET due to a longer corrective wave than expected we finally touched major resistance off 0.01 resistance and bounced. Also bounced from double bottom neckline.
VET is showing strong signs of staying alive and keep in mind VET has risen almost 600% (look at my first call on VET) and we are still ABOVE yearly CAM S4.
Keep an eye on 0.015 levels, we could have one more shakeout and a re-test to 0.01. I'll post another idea if price hits 0.019 to see if our past target of 0.044 is still possible.
Short term TP levels are 0.0155 - 0.0.19.
Remember trade what you see and not what you think. Always look at price action and if you don't feel comfortable get out.
NOT a financial advisor, trade at your own risk.
VETBTClets see if vet can hold support and breakout then retest the falling channel pattern to tap the level of supply above us !
VET looking to drop to 100 sats!I've been monitoring VET since I exited back around 200 sats. We are breaking below the daily cloud and looking bearish for a retest of 100 sats. Another BTC move up/down sharply should be the final push to reach my target for a refill.
