Here is my short term EW count for BITFINEX:VETUSD
Both the weekly RSI and Stochastic are showing signs of real strength.
My initial target for the wave of this impulse is around .0676 (1.618 fib extension)
We may see an ABC correction from there before breaking this resistance and moving higher.
I'll post updates as this wave nears completion to show what...
VET is one of the few cryptos that has not gotten a significant bullish rise over the past several months. It is currently testing a historical parallel trend line that was previous support over the past few years.
We could be seeing a 4-5 cent vechain if it find support here.
VeChain 1h shows a trading scenario where the price is interacting with significant levels identified by Smart Money Concepts, specifically with a bearish fair value gap (FVG) indicated by the red zone. The bearish FVG is a region where the price previously dropped sharply, suggesting a lack of fair value as perceived by the market, and it typically acts as a...
VeChain weekly analysis📈👀
From its ATH VET perfectly touched the POC🟢corresponding to the FIB Golden Pocket🟠
The DPPM just switched🟢‼️
Will MA Ribbon follow❓
bearish scenario🐻
Price goes direction FIB 78.6% - the last support
bullish scenario🐂🚀
TP1 = FIB 38.2%
TP2 = last ATH
TP3 = FIB 127.2%
TP4 = FIB 161.8%
You don't believe in these high marcet caps❓
Look...
The Vechain project has maintained an active trading market for its token (VET) for several years. With the ups and downs of the larger blockchain sector it has printed the large pattern of an Elliott Wave flat correction on the chart.
Emerging from this correction appears a fresh impulse driven by the 2024 bitcoin run.
The VET/USD chart shows an interesting development with a potential resemblance to a Wyckoff schematic. Based on technical analysis, this pattern could indicate a move towards $0.25 in a few months. However, remember that the crypto market is volatile and reaching this target is not guaranteed. This is not financial advice, and other factors are crucial before...
VeChain (VETUSD) is making this week (1W) a triple bullish break-out as it broke above December's Resistance, the Bear Cycle's Lower Highs trend-line that started on the April 2021 All Time High (ATH) and the 1W MA100 (orange trend-line), which is the first time above it ever. A closing above the latter, confirms the beginning of a new long-term Bullish Phase for...
Looks like we are going to have some bearish senario before extreme bullishness. If the 0.026 we can see a beautifull move to the 0.0145 level. From there we need to see some compression pattern, put stoploss below and go to Niburu!!
Lets see how it works out mamacotas!!!
T=0.057
T2=0.071
In technical analysis, Wolfe Waves are price patterns consisting of five waves that indicate either bullish or bearish trends.
To be properly identified as a Wolfe Wave a series of criteria must be met, such as wave cycles each being similar and distinct price action in the third and fourth waves.
For a true Wolfe Wave, the fifth wave instance...
VeChain (VET-USD) is showing promise on the 4-hour chart. We are currently in an upward 5-wave structure, specifically in Wave 4. Waves 1 and 2 were completed on September 11, 2023. Following a strong surge for Wave 3, we've observed a recent pullback since the end of last year for Wave 4. I anticipate this wave to find support between 38.2% and 50%. Subsequently,...
The main trend. Logarithm. Time frame 1 week.
This time frame is more for orientation, where the price (area to work or monitor now) is in the main trend and what is the potential for price decrease/increase from its values now. The exception, this work and analysis is for investors and position traders with large capital, who are not interested in short-term...
The secondary trend. Logarithm. Time interval: 3 days.
Secondary trend — downward wedge.
Local trend — a potential double bottom in the case of holding the existing support.
Decrease from the price peak -91%.
Profit from the average price of the last accumulation +320% at the moment.
Short work.
I would like to point out that the coin, unlike many...
