Vechain has been in a strong bear market since the middle of 2021 and I think we've hit the bottom most part of Vechain's channel.
We had a recent huge drop wick from 0.021 down to 0.013 and then an immediate retracement back to 0.021 signifying strength and support in this area. The beginning of a bull market is exactly what I expect in these months leading up...
I think we're so close to something big happening or an altcoin season in my opinion. Ever since the Ripple lawsuit by the SEC that Xrp is now considered not a security. This cannot be reverted. No appeal is going to change that decision so literally I believe this is the beginnings of the altcoin season and we're on the verge!
Patience for a new bullrun any...
100% profit wait for you without fear buy vetusd
In Weekly time frame vet coin bullish
buy in support and don't miss this opportunity
And when macd cross then vet BBBBBBBBBBBBBBOOOOOOOOOOOOOOOOOOOMMMMMMMMMM
Welcome to this quick Vet/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- vet/usdt analysis is ascending triangle ready and green zone fast by the dip.
Entry:- $0.11646.
$0.11840.
Traget:-
T1:- $0.12197
T2:- $0.12509
T3:- $0.12823
T4 :- $0.13470
Stoploss:-...
CHART OVERVIEW
VET/BTC - Weekly Chart - Binance
CHART DRAWINGS
On the chart are key resistance and support measured by the Fibonacci retracement. Also with the Fib circle tools, you can see where the price has found support and resistance.
ANALYSIS
Vechain has bounced out of the 0.5 Fib circle and from the 0.5 retracement line. This shows confluence towards...
ANALYSIS
On the VET/BTC we are in a potential inverse head and shoulders pattern on the daily timeframe. The final shoulder has yet to be confirmed so this pattern could fail to complete. Interesting VET has landed on a support trend line formed since early February.
TARGET
Target would be 0.00000637.
Disclaimer: Not financial advice, just amateur observation....
Vechain is going through a reducing wedge pattern on the 4hr, target would be approximately 0.15.
Let me know what you guys think, could this play out?
Please leave your comments below
So VET has been acting the way we supposed... BUT
there has appeared a new resistance area .89-.85
right now we can test the area again and VET can of course bounce to the yellow resistance line.
But it can also break down and check the trendline...
On the chart, you can see possible scenarios that could happen...
In the long term, VET is still in a bullish...
MACD crossing on shorter time frame, positive EMAs. Longer time frame EMAs starting to cross, price usually likes to bounce off of it. Still bullish, VET should breakout to new all time highs after its long consolidation period.
Price bounced after hovering around 200 4hr ema for awhile. Looks to have bottomed. Look for 20 & 50 ema cross soon for confirmation. VET sold off hard as BTC pumped, But with continued consolidation after its breakout VeChain should get another chance to shine here along with other ALTS. Further breakouts by ETH or BTC could quickly slow rallies
