A great opportunity is in front of your eyes. In my opinion, wave 2 is completed and I will buy for wave 3 with the targets indicated on the chart. The game of altcoins has just begun.
Vechain analysis is simple; an upward move followed by a corrective downward move which came down in a channel. Then the price broke the downtrend channel and it seems the next impulse wave has started. Let's see what happens.
I like the market structure here on VET. Basically a classic chart pattern that rarely fails, so I expect another drop to the lows of this bullish wedge before going up again. In theory we could even see an aggressive drop to 30 cents and push back inside the wedge within a day, so always be careful.
Stay safe!
#VET
VeChain is forming a bullish flag pattern on the daily chart🔍
The price is currently testing a dashed resistance level and is also bouncing from the 200 moving average👀
This could lead to an upward move, with targets at $0.0515 and $0.0750🎯
Just giving a heads up to anyone looking for a bottom. It does not show up here, but on Binance dot US, we can see on all TF's that VET struck $0.03304 on may 1st and then struck $0.03300 this morning.
This counts as a double bottom! I'll be back in a bit to give you an opinion on how far it will go before turning around.
EnF Breakout Strategy signaled a SHORT on VETUSDT
See idea for breakout entry, targets and stoploss
Only enter the trade when the price break down below entry
Check out more on the script:
To get access to this script, DM me
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About VET
(Update)
The Bullish Flag Formation In 1D Timeframe✅
Expecting Massive Bullish Wave Towards 60% Soon✍️
EnF Breakout Strategy is painting a SHORT on VETUSDT
See idea for breakout entry, targets and stoploss
Check out more on the script:
To get access to this script, DM me
VeChain peaked in three waves in 2021 during wave A, and wave B bottomed in June 2023, setting the stage for an anticipated wave C peak. Given the pattern of three upward waves and five downward waves, there is concern that the Wave C target may not be met. If the price exceeds the 2021 high, it is likely to achieve the Wave C target. Otherwise, it may peak during...
After a successful breakout vet is still holding the green-marked zone as strong support at 0.03424 to 0.04008 for the last 9 weeks, which is a positive sign, and if it holds this support we could see a massive bullish move. As you can see in the picture it is also making a channel and While retesting the green zone it is also trading in a channel you can see it...
#VET
The price is moving in a downward trend on a 1-hour frame.
The price is moving within it and is largely committed to it.
We have a tendency to stabilize above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and has been broken to the upside
Entry price is 0.04.5
The first target is 0.0430
The second goal is 0.04660
The...
VETUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
VET price squeezed and broke above the red bands, from now on the price will continue climbing and will use those top red bands as support on minor pull backs.
VeChain is teasing that support zone, which seems about to be broken!!
We are monitoring this coin and this zone for any signs of weakness, as if we see one, we might see another 35% of movement on this coin!
Swallow Team
