Bearish sequences have been formed on the daily frame. Activating these sequences and proving the corrective decline will extend to levels between 0.02261/0.1868 and then move to higher levels. We follow.
Vet/Usdt is currently showing bullish signs 📈. The market structure has turned into a bullish pattern, and the price is retracing to test a new demand area 🔄. This could signify a potential upward movement. I anticipate a rise in price from this point, potentially ranging between 15-30% 📈🔥.
Remember, this analysis is not financial advice ❌📉. Always conduct your...
Below the technical analysis of BINANCE:VETUSDT
Timeframe: 1 week
The main supports and resistances are indicated in the idea: the down green one is the most important; if we lost it, the project is almost done.
Today marketcap: 2.4B
Price had tapped into the 4h demand at $0.288 where it moved up from leaving another 4h demand zone around $0.3 and it is currently retesting the resistance around $0.34. MACD is bullish, RSI is bought and EMAs are turning bullish. Price needs to break and close above this resistance in order to aim towards the next area of resistance at $0.038.
Vechain has just confirmed it's previous breakout very nicely.
The next impulsive wave will be very powerful and should see VET reach 0.077 at the end of Jan before retracing.
Godspeed.
#VET
Since July 2022 the price has been moving in a bearish flag
Support was adopted on the bottom border of the flag
Now the price is about to increase this model
And the moving of the Moving Average 100was broken.
Price Now 0.02571
First Goal 0.03265
Second Goal 0.03969
Representing 170% of the current price
You must pay attention to the rebound points to be used.
DYOR
If so, NYSE:VET could break through the $0.033 resistance barrier within the next some days. The upswing could send #VET to $0.077 by late January. That's a 150% price increase!
#VET rallied +43% to Range High, confirmed to remain inside the range with new Monthly Close.
Potential re-accumulation range above major white breakout structure.
Possible move to tag Range Low as support for affirmation. 🚀📈
#VeChain #CryptoAnalysis
Mock Up Price Action for BINANCE:VETUSDT | Near-Mid Term (12HR)
- Watching and waiting for opportunities to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from...
I have to mention this because we have to look at both sides... The short-term bearish trade idea I shared recently for VETUSDT failed miserably... And that's good to be honest because we prefer to see prices going up rather than down.
Here we have a giant cup and another one even bigger.
VeChain is set for a massive explosion, a move that can develop within days...
VET breaks above 0.030-0.0338, which is new high since May 2022.
as long as price above 0.003. we are seeing more upside to next resistance 0.055
DYODD
Based on the recent bullish trend in VET, the price has undergone a correction and is currently exhibiting a structure resembling a typical round bottom formation.
If this pattern materializes as expected, it could lead to the formation of a small cup before a potential breakout.
The chart indicates the presence of a buyback zone and an important external demand...
Vet long term chart, estimated to reach at least $1 around summer 2025 with max wicks up to 26. This is done using an experimental method. This is not financial advice
