VETUSDT trade ideas
VET/USDT A successful break the bullish flag, signal continue UP💎 VET has recently experienced notable market dynamics, currently facing resistance within a bullish flag pattern.
💎 A successful breakout from this pattern could signal a continuation of the upward movement, probability leading VET to test the next strong resistance area.
💎 However, if VET fails to break out of the pattern and faces rejection, there's a possibility of a retracement. In such a scenario, the price may retreat towards the support area around $0.034.
💎 VET must bounce from the support area if it intends to sustain the upward momentum. A failure to do so could indicate a shift to bearish sentiment, potentially leading VET to further downward movement.
VeChain (VET) - Bullish!VET is holding well above the 0.034 support mark atm.
Our current Resistance is at 0.054, which held major support during the 2021 bullrun cycle.
Target set at 0.074, which VET will atempt to test this next area of Resistance which also held a very strong Level of Resistance back in 2021 too after the Double Top failed rejection with BTC.
VET has formed a Bullish flagVET has formed a Bullish flag, we have the potential to go up
🔵Entry Zone 0.04249 - 0.04401
🔴SL 0.038204
🟢TP1 0.046379
🟢TP2 0.054818
🟢TP3 0.065980
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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VeChain Revolutionizes Asset Tokenization:VeChain ( NYSE:VET ), a prominent figure in the cryptocurrency sphere, has recently unveiled a groundbreaking asset tokenization platform, stirring excitement and speculation within the crypto community. This innovative move by VeChain ( NYSE:VET ) not only showcases its commitment to democratizing blockchain technology but also hints at potential implications for its native cryptocurrency, $VET.
VeChain's Zero-Code Asset Tokenization Platform:
VeChain's ( NYSE:VET ) introduction of a code-free asset tokenization platform marks a significant milestone in the realm of blockchain technology. This platform, known as Marketplace-as-a-Service (MaaS), empowers users with the ability to tokenize digital assets without the need for intricate coding expertise. The partnership with MotoGP championship team Gresini Racing serves as a compelling example of MaaS's functionality and potential for widespread adoption. With user-friendly features and the integration of NFC technology, VeChain ( NYSE:VET ) is poised to revolutionize the digital asset landscape, paving the way for the creation, sale, and transfer of real-world assets with unprecedented ease.
Implications for VET Price:
The launch of VeChain's MaaS platform has sparked renewed interest in VET, with investors eyeing its potential for driving utility and value. As VeChain ( NYSE:VET ) continues to expand its ecosystem and forge strategic collaborations, the perceived relevance and demand for VET are expected to surge. The platform's emphasis on enhancing user experience and accessibility further bolsters confidence in VET's long-term prospects. With VeChain's commitment to driving mass adoption of blockchain technology, NYSE:VET stands to benefit from sustained growth in valuation as the cryptocurrency market evolves.
Current Market Performance:
As of the latest data, VET has exhibited resilience in the face of market fluctuations, with a notable uptick in price and trading volume. Despite experiencing short-term fluctuations, VET's overall trajectory remains positive, showcasing its potential for long-term growth and stability. With a weekly gain of nearly 14% and strategic initiatives underway, VeChain's ecosystem continues to thrive, providing a solid foundation for VET's future performance.
Expect a Breakout From The Bull Flag Soon👉 The Is Perfect ABC Pattern Formed At The #VET Chart Included a Clear Bull Flag, Wave C Completed At The 0.037$ PRZ And The Price Bounced From That Area And Now Playing Below The Trend Line ,Expect a Breakout From The Bull Flag In Near Future And Start a New Bull Rally Toward a 0.051$ And 0.066$
VET LOOKS BULLISHThe VET diametric has been over for several weeks and VET has entered an uptrend.
It has a flip support range that can be pumped towards tp by maintaining this range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
You Must See This - Analysis VETHi all,
I would like to provide an analysis of BINANCE:VETUSDT
We are currently trading above a strong support zone in the range of 0.037 to 0.039 . Moreover, we have established an uptrend starting around 0.015 .
Our initial goal is to remove liquidity from (x) and then test the resistance zone located between 0.060 and 0.068 .
You need to carefully monitor the stability of the support zone during retesting.
I'm inclined towards an upward price movement for the asset.
VET: Fractal Patterns and OpportunitiesVeChain (VET) is a blockchain platform that aims to improve supply chain management and traceability. The VET/USDT trading pair has been exhibiting fractal patterns on the daily chart, which can be used to identify potential trading opportunities.
Fractal Analysis:
Repeating patterns: The VET/USDT chart has been forming a series of repeating patterns, such as triangles and flags. These patterns suggest that the price is likely to continue moving within a range until a breakout occurs.
Fibonacci retracement: Applying Fibonacci retracement to the previous bullish impulse wave shows that the 0.618 and 0.5 retracement levels are at $0.06 and $0.07, respectively. These levels could act as potential targets for a breakout.
Trading Opportunities:
Breakout trades: Traders can look for breakout opportunities above the resistance level of the current pattern. A breakout above $0.055 could signal a continuation of the bullish trend.
Retracement trades: After a breakout, traders can look for retracement opportunities to enter a trade in the direction of the breakout. The 0.618 and 0.5 Fibonacci retracement levels could be potential areas of support.
Artificial Intelligence (AI) Hype:
There is currently a lot of hype surrounding AI-related cryptocurrencies. VET has been associated with AI due to its partnership with IBM and its use cases in supply chain management. This hype could provide additional tailwinds for the VET price.
Conclusion:
VET/USDT is trading in a range on the daily chart, with repeating fractal patterns. Traders can look for breakout and retracement opportunities based on these patterns. The recent hype surrounding AI-related cryptocurrencies could also provide additional momentum for VET.
Vechain 0.05 - 0.08Blue graph taken from Vechain's 2021 run at the exact same time bitcoin hit its ATH. Vechain has acted almost the exact same as is did back then to even the same percentage drops. Will be interesting to see if it can ride to .08 cents. It only took Vechain around a month to get to .26 cents after that.
vetusdt Chart is a masterpiece clean and precise targetsHI everyone,
Vechain chart looks promising and its product looks good as per my opinion.
Long term accumulation is done and its going to reach its target which is .10 cents. At the moment, i would like the daily and weekly candle to close above 0.05 cents for the target.
An indicator i have used in this chart which is called aroon. whenever the blue line comes all the way down and orange line goes all the way up and they both stays around there, it means the trend has strength and we keep expecting more strength as you can see in the previous structure and reflection of strength by aroon indicator.
Please do your own research as well
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