Here we have the weekly timeframe chart of Vechain where we can cleary see what's coming up next. Market moves in impulsive and corrective phases. We are now near the end of the corrective phase and anticipating the next impulse, which we believe will tag the $1 mark.
See previous chart for lower timeframe analysis and what to look out for when entering LONGS...
Here we have VeChain (VETUSDT) but this time a closer look compared to the previous analysis.
We have early signals of recovery as most of the cryptocurrency market is showing.
We have the 3 drops pattern or Inverse Head & Shoulders as well as a lower volume lower low, which all indicates the bears losing strength.
As the bears lose strength the bulls can enter...
From looking at Vechain on a log chart, we can see that we're still within the ABC correction, held down by the red descending trend line.
in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic.
We are now in wave 5 and we're expecting to see 5 clear waves down.
An important thing to note is that in Elliott waves, wave...
HELLO GUYS THIS MY IDEA 💡ABOUT VETUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason...
VETUSDT (4H Timeframe)
Waiting for the upward break of 0.0194 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.0179 would cancel the bullish scenario.
Stop loss: 0.0179
Take profit 1: 0.0203
Take profit 2: 0.0217
Strategy: Bullish reversal
Hello, dear traders. how are you ? Today we have a setup to SELL/SHORT the VET symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
VeChain (VET) is awesome project in which I choose to invest. I like this project because of their transparency and because of their partnerships. Some of them are: DNV GL, PriceWaterhouseCoopers (PwC), National Research Consultin Center (NRCC), China National Level partnership, BMW Group etc. This is trade (investment) setup on larger timeframe. I am not looking...
VeChain on hard and old support
we know VET is good blockchain and for HODL is good
but remember you should research
You can more targets for HODL
The market is probably ready for a pull back - but at the same time VET is (soon?) ready to break the long weekly downtrend. I think the risk reward "Long VET" right now is fantastic. See where the pull back take VET, set a stop loss and then ride. Hopefully you can use the trend line in the triangle as a support. Weekly close for VET could be a nice starting...
VETUSDT (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.01750 support level. Only the upward break of 0.01844 would cancel the bearish scenario.
Stop loss: 0.01844
Take profit 1: 0.01694
Take profit 2: 0.01600
Strategy: Bearish breakout