Vechain USD establishing bullish upward trend, threatening .02Vechain / USD appears to have established a moderately strong upward trend having already begun to test 0.0178 If it can continue to hold and test, it could break through and begin to test .0184 the last previous high and .0186 could also be in site. It could then target 2 cents resistance levels. However, it is taking its time moving upward but maintains its position within the RSI bands. Volume has been strong most of december, holding at a modpoint for the last few days. If volume can stay strong, there is no reason not to expect it to continue this upward sideways trend for a few more days, time will tell if it can reach 2 cents.by veretax0
$VetI this a multi year cup and handle pattern emerging from the abyss? Massive Symmetrical flag being drawn? Looking at the technical indicators rsi, stochastic and macd all look ready to bounce. I cant spot any divergences in the daily to help support my theory other than just lines and a smile except for a possible hidden bullish divergence on the hourly. Positive side of things if this cup and handle plays out we are looking at a 1107% run ahead... Good luck everyone. Longby CryptoTheory4
VETUSD Golden Cross UpdateLooking Good. 50MA and 200MA "Golden Cross" cross should happen in the next couple of days. We have maintained the ascending parallel channel, and we should be on our way to breaking upwards through it a few days after the cross. Merry Christmas VeChain hodlers!by VeTh0rVendettaUpdated 228
VETUSD Golden Cross imminentHow quickly things change. 50MA after yesterdays close went up above my projected trajectory, and we had a nice big green candle for today, closing in 2 hours. If we keep that candle, 50MA will be jumping yet again. I adjusted my projections. I have it happening on the 18th now, but could be even sooner. I have opened a Long position. $0.03 is the upper end target.Longby VeTh0rVendetta11
Golden Cross on VETUSD potentially coming up next 10 days50MA and 200MA were about to cross, but the 50 leveled off a bit. But, if we assume future price = MA price, In ~14 days the 50MA is going to spike upwards through the 200MA. We are currently above those MA prices however, so this should happen even sooner assuming we hold above those MAs of roughly $0.013-0.014. We would need to drop below those MA prices to break that trend and head further down. This is very possible, the biggest factor being bitcoin. If that were to happen, we could see as low as the $0.009 range. However, since we are currently above those MA levels, and I personally expect us to at least hold around this level for the time being, those MAs look destined to cross. If that happens, $0.03 is just around the corner. Lets wait and see what happens over the next few days before making a move.by VeTh0rVendettaUpdated 6
Vechain Update***Vechain is a really good investment from the medium term (6 months - 1 year) and is still holding its cup and handle formation by united07sh6
VET/USD In the ascending triangleHi every one As you can see, the price is in the ascending triangle and that's a good thing If the triangle resistance line is broken, the price goes up. Remember that Trend is our friend and we have to hold his hand and go with it . Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . please support us Good luck. Longby CobraVanguardUpdated 4444
Double bottom pattern (BULLISH)!We have just created a double bottom pattern on 4H timeframe. We are also completing this cup and handle formation, VETUSD is a great investment on the long term!Longby Adriaan33
My prediction of VeChain (VET)Here is my prediction for VET based on previous support and resistance.Longby ayajul19961
VET/USD High odds reversion to the mean, LONG, BULLISH There is a high probability ' reversion to the mean ' trade in play (Pitchfork median line). The ideal entry was the 0.618 retracement however there is still a 1:1 Risk: Reward trade from here. Usually I prefer a 1:3 R:R however this trade has an 80% probability of playing out. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to be in a wave 3 with the target for this wave being +157%. I see massive long term growth potential in this project. As a result of my conviction, I will be cautious of taking too much off the table at these targets. I believe VET is a long term hold. What kind of trade is this? High time frame swing trade Low time frame reversion to the mean. Long term hold. Looking at the Macro environment, what is the trend? LONG. Bullish . Pending US Election results may still cause short term volatility . Long term elections have little impact on the market DJI & NDAQ recently made new ATH's. Trending higher but monitor this closely Gold & Silver has been on a beautiful run but now correcting. Looking for continuation at key levels Vaccine with 90% success has been found for Covid19 More stimulus expected soon Sector leaders Bitcoin and Ethereum been trading in a positive direction with higher highs and higher lows since the bottom in March of this year. What are the key points to be taken from the VET Macro Technical analysis? Broke through long term resistance in Jun & re-tested the Support through Oct- Nov Potential to form a Massive cup & handle Pattern Order block has been tested Golden pocket has been tested Long term resistance has broken and turned into Support This recent test is a higher low Appears to be in wave 3 of an Elliott wave count. What are the key levels For VET? Reversion to the mean This trade has an 80% potential for a 25-35 % profit. The longer it takes to play out the higher the potential profit. If this trade takes 3 weeks to play out the target will be in in confluence with the cup and handle formation target at 0.02325 Entry: anywhere here (~.017) Target (median line of pitchfork) currently at 0.021619. Stop: 0.01185 R:R 1:1 Elliott wave 3rd wave & Cup & handle The target for the 3rd wave is in confluence with the target for the cup and handle and has a potential for 157% profit. Entry: anywhere here (~.017) Target: 0.0439 Stop: 0.01185 R:R 1:5 The following are assuming the 3rd wave ends in the high probability zone 4th wave entry: 0.0305 5th wave target: 0.0522 Are there any news catalysts? Yes. Bullish. Too many to list. VET is an absolute beast and is severely undervalued IMO. National level partnerships with the Chinese Gov. Over 100 partnerships with fortune 500 companies I am unaware of any other project in this sector with as many high level partnerships as VET. (If you know of one please let me know in the comments below) Considering the points mentioned above has allowed me to set a LONG ONLY bias. This means until circumstances and the trend change, I will ONLY be looking for entries to trade VET LONG. (The trend is your friend) What is my trading plan moving forward? Look for LONG entries on the lower time frames for short & medium term swing trades Wait for larger pullbacks and retests on high timeframes to build larger LONG positions with the intentions of holding for much higher targets. Continue with this strategy until a 'reason2sell' is present, for this trade that will be; Break of the 0.618 of the most recent swing or my targets are met. Note; I hold core positions in VET with no stops. I see those positions as long term investments and this forms part of my long term strategy. I would need to see significant change in the Fundamentals to alter this strategy. Cup & handle, Golden zone, S/R flip, Order block, MACD crossing bullish: Never Trust. Verify. D.Y.O.R . Not Financial Advice, this is my trading journal. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else. Longby TribeWriter666Updated 242425