VETUSD has broken out spectacularly of this falling wedge, a pattern that is considered very bullish I expect price to continue rising a push a new ATH Gaussian Channel just added for fun
Fundamental Analysis: VeChain (VET) is a versatile enterprise-grade L1 smart contract platform. VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain had begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018...
- Broke strong support zone - Retested and denied - EMA's curling away from each other - Volume rising - No real resistance until $0.035
Intro: - VeChain ( VET ) is full-fledged layer 1 public blockchain. - Since 29st of October the VeChainThor v1.6.0 is live. --> POA2.0 activation starts. Testnet Nov. 5 and Mainnet Nov. 16. - Vexchange, the first DEX of VeChainThor launches soon. - In circulation we have 66 billion coins out of currently 86 billion possible. - Total market cap is currently around...
PA looking really crappy atm but here are the levels I'm watching. That 12.3c level's been suppressing the price for weeks now so likely a key breakout level. Looking to buy some spot at 10.2 if it goes for a retest. A bunch of levels above 12.3 to watch too.
Interesting fractal in that right shoulder, too. If you know nested patterns, you know this could mean we're building up steam for a really crazy breakout... Just a matter of time is what I say.
Vechain has been fighting some heavy resistance at the 23.60% Fibonacci level. From here we were expecting a clear break above this level but since the september crash, Vechain has been consolidating around the 23.60% Fibs and now looks like it is ready to break above this level. Simultaneously, looking at the moving averages, VET looks poised for a big move on...
Some price levels that will be important for vet for the rest of this market cycle.
Vechain is playing well the elliot wave move. So far so good. It is currently curving sub 2 of big 5. I am expecting sub 3 which should be an impulse move according to elliot. See you in $1. For this to play, BTC should continue up to $100k.
Quick VTHO 4hr chart update: After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise. Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise. VTHO is back below...
A scythe structure on VeChain These usually result (from my experience) in bullish continuation As we can already see a breakout is occurring from the also triple bottom on the Fibonacci circle The bars pattern in green is what we can likely expect from price action in coming weeks
$VET double topped its ATH and is retracing on the FIB Bearish ascending wedge created from its high looks set to fall off and test its bottom again for now. We hold off re entry till that happens
Vechain is a true solutions in the industry, great applications, ALWAYS BULLISH on this one!
It has been a while. And just wow, VeChainThor and VeThorToken surged massively in such a short timeframe 🔥 $VET with 750% + gains in the last 90 days, and $VTHO with a whopping 2500% + gains in the last 90 days (CoinMarketCap). While $VET was just continuing its uptrend, $VTHO had a cool-down period at the end of March and beginning of April. Since then, it...
I've used this chart since mid-last year and it's been promising. It's just an idea of where the potential resistance and support lines are.
Vet has been going sideways in accumulation for a almost a couple weeks now after its huge run up creating new ATH's and support. I believe its just a matter of time before we see VET go on another huge run creating new ATHS and upper supports! All we have in the way is 1 FIB resistance level coming from the ATH! the longer the accumulation goes for the stronger...
VeChain is a top project by any and everyone's standards. This will soon be $1 make sure not to miss it!
I think 0.055 is all that stands between VET and the new ATH. Need a daily close above said level to confirm but with the current bullish momentum, I'd take a 4H close as a leading indicator of what's to come ---> new ATH! If his materializes, a move to 0.073 would be an easy near term measured target.