This is an updated chart based on my old analysis.
Selling target moved up a little , looking at FIB Retracement they are totally reachable.
This is a log chart!
Hello Traders,
Hope you are doing well,
today we will discuss Vechain's most favorite stock everyone.
VET Is on its last upside move & going to be an end & at the end of the yellow diagonal triangle price will drop heavily.
bearish Candle closed of the previous day & today also will bearish.
this price area is most confluance.
1 Bearish CHannel+Ending...
Throughout what has seemed like an everlasting Bear market, VeChain has made sizeable retracements while holding on to its first, primary wave position. As the continual method to my madness, I've applied Elliott Wave Theory to VET's all-time market structure. Avoiding the intricacy of details that typically come with technical analysis, it clear to see that...
VET is looking bullish. VET hasn't had very much attention in the last few years but I believe its time is coming. There is a major macro bull flag forming and could possibly be completed. A measured move from this bull flag will shoot VET into the $13 to $15 range in a short period of time. Im not sure what kind of news or developments will come out of this...
Looking across major alts with utility we can see they are performing better than BTC over higher timeframes.
In my opinion alts are about to really bounce when BTC rises, whether now, in three months or six months.
Use time to your advantage, wise investments and time on your side. When the bull comes you will prevail.
Looking at the VET/USD 1 week chart we can see that VET is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is located around the end of October 2023. A weekly candle CLOSE BELOW the Lower Converging Trend-line can easily invalidate this pattern as we saw with the...
At the moment we are in an ABC correction of a large elliot impulsive wave structure. I think the C wave will move on to the previous high of the first wave because we already closed a monthly candle beneeth the 0.236 fib and lost support there. If we reach the high of the first wave it is very important that is holds as support. Maybe we will first put a lower...
This is a longterm analysis of a possible 3 year outlook for VET/USD using the 1 week chart.
Here is a closer look at this VET/USD 1 week Chart.
On this 1 week timeframe, VET has been back above its Least Squares Moving Average (LSMA) since the week of 7th March 2022. Note that a weekly close ABOVE the LSMA is considered a BUY SIGNAL for this indicator.
VET...
VET has a nice chart for a buy I think.
Currently down 92% from the top.
It has just touched long term support.
And has just passed 1:1 fib as well as 0.382 retracement and so would be a likely reversal point.
Weekly RSI at 2 year low.
I did say a while back that 2021 gains would get wiped out for VET and now it has happened.
Should be a great...
To get a good picture of Vechain I have removed all the noise and use the line instead of candles. To me this shows a huge falling wedge on the monthly timeframe.
Now, this does not mean that Vechain can not go any lower. BTC will probably dump a bit more and, if so, Vechain will go down with it. But the falling wedge is clear to see. It can take weeks or months...
As I mentioned in my previous VET post in March, there was always a possibility that VET would drop out of the Bottom Trend-line of its Ascending Wedge and Invalidate that Ascending Wedge Pattern, which has happened. VET also failed to get back above its 0.236 Trend-Based Fib extension Level on that previous chart so we know that $0.087 is the price that VET needs...
Not sure how many people hold Vechain but I do and here is why this is a great investment for me. VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT) . Tracking product,...
- Ve-chain is solving a massive problem - It was built to enhance business processes and supply chain management.
- Overall great project with amazing use case!
- Currently down by 88%, massive discount!
- Full 89 FIB extension could take VECHAIN to $1.30 (£1.19) That is around a 50X return!!
- NOT FINANCIAL ADVICE - PLEASE DO YOUR OWN RESEARCH - ONLY INVEST...
