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...
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...
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,...
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 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...
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...
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...
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...
A quick beginners introduction to Volume Profiles. I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar. Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading...
As I see, the price is about to continue wave C of the correction shown in the graph. It could also be a complex correction.
Maybe Vet will heading to 0.08, but it's not that easy for right now, so based on the chart right now it's possibly that vet can rise higher than 0.33
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...
- 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...
Entry - TP - ffffffffffffffffffffffffffff SL - Position : Reward: Risk:
$Vet - Long Entry - 0.2997419 TP - 0.036885206 SL - 0.028488020 Position : $1,000 Reward: $250 Risk: $50
Hello and Happy Monday. I am so grateful to have recently bought Vechain. I believe this software platform is versatile and cutting edge tech that will be around for a while. Like ethereum, this decentralized blockchain platform securely executes and verifies application code, aka smart contracts. There are lots of applications in the real world that will...
looking like a pretty good opporunity setting up here.... gl