As a novice in the realm of analysis, I've recently delved into analyzing VETUSDT using Fibonacci retracement levels on the weekly timeframe. My approach involves identifying key resistance levels and setting targets accordingly.
Given my beginner status in analysis, I am eager to receive your insights and feedback on my method and conclusions. Additionally, I...
Based on the provided market data, the VET/USDT pair is currently trading at a price of 0.042 USDT. The 4-hour chart indicators show that the relative strength index (RSI) is at 41.24, which suggests that the cryptocurrency is neither overbought nor oversold. The moving average convergence divergence (MACD) is at 0.00010, indicating a relatively balanced market...
VeChain is for sure in a bullish momentum and i am trying to follow the wave here. It's stuck and ranging in support zone, and it looks like it's accumulating before another pump. My target is the resistance zone at 0.058 and invalidation below support zone at 0.041
There is a downtrend on the VET 1 hour chart and RSI that have both retested, therefore I predict a bullish swing represented with the projection tool.
I think at this point there is one of 2 scenarios:
1- Its either just a correction in the upward trend and you can see the green arrow to where it would lead.
2- It became a downward trend which will follow the red arrow.
This all depends on how it will react to the Fibonacci resistance levels.
VTHO has made massive increaes yesterday. Will Vechain be next? VTHO has reached a strong resistance level, but VET not yet. VET can go to $0,09 which is a potential increase of approx. 85%. Currently VET is in an Elliot wave 5 which is very bullish.
BINANCE:VETUSDT is attempting a challenge at the $0.04820 resistance level. If it manages to close a daily candle above this threshold today, it could have the foundation needed to continue rising in the next 48 hours. VET could subsequently rise to the next barrier at $0.05750.
On the other hand, failure to close today’s trading session above $0.04820 may...
#VET
The price is moving in a downward channel and sticking to it well
The price is expected to remain within it for some correction to the support level at 0.02400
The price is below moving average 100, so we have some correction to the support level
Entry price is 0.02400.
First target 0.02684
Second target 0.02940
Third goal 0.03212
Fourth goal 0.023461
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about VET
VET Moving As Expected & Running In Almost 50% Profit So far Still Long Way To Go✍️
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring VETUSDT for a buying opportunity,
VETUSDT UPDATE
Moving as we predicted✅
Running near our ultimate Target✴️
+40% Profit💸 so far ✍️
This currency is ready to grow by 130% after breaking its important resistance range. This failure can be fake, so it is better to keep an eye on this currency and if it breaks the previous peak and stabilizes it, we can have a safe entry.
