TradingView
TradingShot
Apr 27, 2021 5:38 PM

VETUSD 0.40 and 0.60 the next targets Long

VeChain / US DollarBinance

Description

Pattern: Fibonacci Channel Up on 1D.

Signal: Buy as the 1D MA50 has been supporting an uptrend since December 2020. The RSI rebounded exactly on its Higher Lows trend-line on its own Channel Up.

Target: 0.40 and 0.60 which is where the 4.0 and 4.5 Fibonacci extensions are respectively.



** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> z_hq

--------------------------------------------------------------------------------------------------------
Comments
Vergnes
Thanks a lot for your guidance and the opportunity1
bm8ter
This is a beautiful chart . It is simple , clean, and very easy to understand . Thank you for sharing this .

I'm new to trading , but I have been involved with blockchain technology , and cryptocurrencies for a few years as a user / hodler. VeChain is a great project on the fundamentals alone . I have been accumulating them for a little over six months now , and they have don't nothing but multiply . If you hold them in the VeThor Wallet you earn VeThor tokens also . You need them to send VET transactions on their blockchain , and they have their own value too . Just remember that if you want to send them to an exchange to take profits , you will need VeThor . If you buy on Binance , and send to your Wallet I don't think you pay the VeThor fee , just the normal Binance transaction fee . I can't understand why people don't but VET instead of DOGE coin .
euphoricFlamin84667
It was about 9$ in the end of 2017/start 2018. Its company is powerfull fundamentally. If you see the historic curve, by passing 0.25 it will move toward 1.8$ with two or three weak resistance. Ì expect Vet hit its max price that was 9$ by the end of 2021.
xbenjaminsx
@euphoricFlamin84667 $9 happened when VET was VEN. They did a 1:100 swap
jacobparise100
@euphoricFlamin84667, I really do not think that is possible this time around. The market cap is much higher.
Xavier82
We just need to break the downward trend line starting from the April 27th reversal early in the morning. Once it breaks above, we should see continuation. 🤔
avxx
Thank you for sharing
CharisChr
thank you for sharing , true that is clean and easy graph!
financialflagship
Great analysis, thanks for sharing 😊
More