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...
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...
What you see here is a strong downtrend.
The chart looks just like Bitcoin.
We have a weekly rejection at EMA10.
The bias is bearish so VETUSDT is looking for a new support.
Only after prices move and close weekly above EMA10 can we consider the bullish bias, right now it aims lower.
Wait for my timing.
Wait for my signal.
We are waiting for the bottom...
Price has left an area of equal highs where it got rejected from. MACD is showing bullish weakness, RSI is slightly bought and EMAs are neutral. I expect price to tap into our discounted 4h area of demand before potentially moving up again.
VeChain (VET) is a blockchain platform for logistics management.
The idea behind VeChain is to increase the efficiency, traceability, and transparency of supply chains while reducing costs and putting more control in the hands of individual users.
Maximally logistics optimization is very important in the current difficult times.
Launched in June 2016, VeChain...
VET / USDT
One of my favorite coins which never disappointed me before
Price is breaking out the 1 year descending channel Which make this coin Looks promising in midterm
If BTC didn’t spoil the party .. extreme uptrend is possible
I Have Tried My Best to Bring the best Possible outcome in this Chart.
>>>>>We We have wait to..
For a powerful bullish candlestick,
When price breakout happen,
We can setup a buy position in possible corrections.
In case of weak support this scenario could be failed.
(reviewed by TrendAnalyze/classic technical pattern's/PriceAction.)
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
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...