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...
Hello traders. I wanted to re post a follow up of Vechain. We broke the lower area marked on the chart, and we are filling the wick to the left. Big G gets all my thanks. I am a proponent of this software and can see it being implemented more in the main stream of business over the rest of this decade. Be well and trade the trend.
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...
Vechain is quite undersold at the moment, although it's been forming this resistance on the way down and appears it's finally going to breakout to the upside 😀
This is finally going to turn things around for Vechain and I can't see it any other way 🚀
Recently, I shared the potential targets for VeChain vs Bitcoin (VETBTC) for the year 2024, some people were quick to point out, "only 10X?"
If you look at the chart the potential goes higher, up to 16X and the Bitcoin pairings can produce different results compared to the Tether pairs.
VeChain vs Tether (VETUSDT) has a much bigger potential, it goes beyond 30X,...
We all know that markets behave very cyclical. Top to top and bottom to top days are almost exactly the same (give or take a few days).
If the amount of days stay the same, we could see a market top at the end of 2023 or at the beginning of 2024.
VeChain is also printing an inverted H&S. This is a bearish to bullish reversal pattern. And it started exactly at the...
VETUSDT broke trough the falling wedge. Value zone is still acting like resistance. SL wouldn't have been hit otherwise the RR still stays 6. Keep looking for new price action.
VeChain update with my opinions and what i plan to do if my opinions are correct:
Here is a closer look at the 1 day VET/USD chart:
While VET did have a nice move up from $0.0152 to $0.032, that impetus is gone and VET is now making Lower Highs and Lower Lows.
Notes:
VET is still in its Descending Channel Pattern.
VET is back in the Bearish Zone of the...
VET is still moving downward but this inverted H&S provides a possibility for reversal.
We are now experiencing what I would call the right shoulder which is a bullish phase.
Lets see if the bulls can take it.
Looking for swing longs here on vechain. Price should bounce above resistance here and retest previous highs. On the downside, the price may retest the triangle's support.
The situation in VeChain is pretty similar to the one we face in Polkadot, so I won't go into technical details here...
Overall it's pretty the same here, we finally reached the blue retracements, and we got very near the 0.786 retracement. As I stated in our Polkadot analysis, it would be optimal if the price won't breach below this level.
To be honest, the...
According to my calculations, on the 4-hour time frame, the trend started on March 11.
On March 14, the level of 0.0253 was tested. This level will be tested again in the near future.
Take profit at TP = 0.0259 , do not forget about SL = 0.0192.
Good luck! ,
Regards WeBelieveInTrading
