VET has forged a nice consolidation pattern but is still getting stalled by that 0.057 level. It seems to be a significant resistance level judging from how the market is reacting to it since FEB 13, 2021. Break that and it becomes a significant support level.
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Perfect wave propagation and respecting all the levels. One of my better calls (see related idea/post to see progression of the price). Currently stalling at a measured objective but I do think the trend is strong and should hold as long as we don't see price going below 0.042 (short term). We might see a bit of sideways here and the key short term support level...
Hi dear friends, hope you are well and welcome to the new update on Vechain. On the long-term weekly chart, the price action of VeChain has completed the BAT entered the potential reversal zone. This trade has a profit possibility of 233% and the loss possibility is only 25% Note: Above idea is for educational purpose only. It is advised to diversify and...
Hi dear friends, hope you are well and welcome to the new update on VeChain. On the short-term 4-hour chart, the price action of the Vechain is completing the last leg of the bullish Butterfly pattern and soon it will be entered the potential reversal zone. This trade has a huge profit possibility of 31.5%, and the high loss possibility up to 8.5%. Note:...
VeChain 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
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,...
This 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.
in VETUSDT we should see ABCD pattern;)follow my green arrow until reaching 1.68 point
Since the publication of the previous idea , the price made good +60%. Also, the VETUSDT price tested the past historical high for strength. At this stage, it is more likely that it need to make another rollback down before updating the high. The liquidity zone of $0.0155-0.0175 will act as a magnet for correction. In previous ideas, we wrote that the...
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...
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.
Hi friends hope you are well, and welcome to the new update on VeChain coin. On the 2-hour chart, the price action of the VET is completing the final leg of bullish Gartley and soon it will be entered in the potential reversal zone. Buying and sell ranges: The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci...
Hi friends, hope you are well and welcome to the new update on Vechain. Another resistance has been broken out: In the previous article, we have seen that the price action of Vechain was expected to breakout the resistance of $0.021. Now finally, the price action has broken out this resistance and now trying to break out the next resistance at $0.026. The...
3-day chart looking really clean and clear on what it wants to do next. Sellers may be close to giving up and we may see a stronger move up. A daily & weekly close above said level should herald bullish things in the near term.
Hi friends, hope you are well and welcome to the new update on Vechain. More than 74% rally: In my previous article, I said that the VET has completed the bullish setup for the breakout and I was expecting up to 60% rally. Finally, the pricelline of VET broke out the resistance of wedge and rallied more than 74%. Different support and resistance levels: ...
This 3-day chart is providing some clarity on what could happen next for this coin. 0.0143 has been holding like a champ as support but price has been trapped within this level and resistance 0.0174 which is the highest monthly close since the low of 2020. I have been harping about these levels and heralding breakouts that have not happened but I am sticking to...
Looks like 0.0143 is holding so far. If it holds on a daily and weekly basis, we could see the market ranging between 0.014 and 0.017 for a bit before deciding on a direction.