#VETUSDT 12HVET came out of the ascending triangle👀
📍And what we know about VeChain?
VeChain is a blockchain-based platform for supply chain management, founded in 2015. It uses a dual-token system, VET and VTHO, with VET used for value transfer and VTHO used for fees. VeChain has partnerships in various industries and offers tools for businesses to integrate blockchain technology. It's a top 50 cryptocurrency, but investments in cryptocurrencies come with significant risk.
🏦 Investors:
VeChain has received funding from various investors, including venture capital firms, strategic partners, and individual investors. Some of the notable investors in VeChain include Breyer Capital, Draper Dragon, Fenbushi Capital, and Tim Draper, a prominent venture capitalist and cryptocurrency investor.
VeChain has also established partnerships with several companies, including PwC, DNV GL, BMW, and Walmart China, which may have provided additional investment and support for the project.
Overall, VeChain has garnered significant interest and support from both the cryptocurrency and traditional business communities, which has helped to drive its development and adoption.
📈 The all-time high price of VeChain (VET) occurred on April 19, 2021, when it reached $0.2791 per token.
📉 And right now trading at $0.02524 ( approximately 90.95% lower than its all-time high )
VETUSDT.P trade ideas
VETUSDT (4H) - Bullish wave We2Hi Traders
VETUSDT (4H Timeframe)
A Medium probability, entry signal to go LONG will be given with the upward break of 0.0247 after the market found support at 0.0239. Only the downward break of 0.0239 would cancel the bullish scenario.
Trade details
Entry: 0.0247
Stop loss: 0.0239
Take profit 1: 0.0264
Take profit 2: 0.0278
Score: 6
Strategy: Bullish wave We2
Whether it can rise above 0.02914 is keyHello?
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** Analysis of the BTC chart publishes new ideas once a week.
** However, we publish new ideas when volatility occurs or when we show signs of diverging from our expectations.
** Excluding the above situation, BTC analysis is listed as a daily update.
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(VETUSDT chart)
From a long-term perspective, a full-fledged uptrend is expected to begin when the price moves above 0.04757.
To do so, the key is whether it can be supported in the 0.02236-0.02519 section and rise above 0.02914.
If not, you should check for support around 0.01875.
Therefore, the possibility of a trend forming away from the current zone, the 0.02236-0.02519 zone, is increasing.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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#VETUSDT #LQR #TOBTC #LaqiraProtocol In the March 20 analysis,
we said that after breaking the channel,
you can open up to the specified support after confirming the trade that from certain Levels after confirmation you could profit up to 40% with TOBTC always be in profit,
support and resistance are valid after confirmation
you can open a trade
this analysis is not a buy or sell offer
Vet long theory Without volume we could see a continuation of sideways price action within our triangle. As we near the end of the pattern $Vet looks like it’s in a good position to reclaim a new daily high if we close out above our 0.5 fib line. We’ve touched our retracement levels and if we can confirm these signals for a local bottom we’ll see a continuation pattern moving into April.
VETUSDT is creating a pennantVETUSDT is currently forming a pennant pattern on the chart, which is a continuation pattern that typically occurs after a strong price move. The formation of a pennant pattern suggests that there is a potential for a continuation of the previous uptrend.
However, for the uptrend to continue, the price of VETUSDT needs to hold the support level at the 0.022$ area, where the price has already established liquidity. If the price breaks below this support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
VETUSDT is creating a pennantVETUSDT is showing signs of potential weakness.
The market has created a pennant formation after bouncing on the 0.020$ area and creating a new bullish impulse.
Currently, the price is testing the 4-hour resistance on the 0.024$ area, which is a critical level for traders to watch. If the price creates a new bullish impulse and retests the 0.5 Fibonacci level, where the price has liquidity, it could create a new bearish impulse until the daily support at 0.017$ area.
According to Plancton's rules, if the price breaks below the daily support at 0.017$ area, a new short position may be possible. This is because the breakdown from the support level indicates that the bears have gained control, and there is potential for the price to continue moving lower.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
VET aiming highVechain is a prime example of why blockchain technology should be appraised rather than shunned, even the US government agrees that blockchain technology has big use cases in this current world. the devs over at Vechain are trying to solve real-world issues. one article I recently read stated that they will try to integrate blockchain technology into an outdated system that is the global shipping chain, in a 14 trillion dollar market. with bibles of paperwork needed to get filled out in order to get a shipping container out of port and into another country. if the shipping companies would integrate this tech it would mean they would have a foolproof ledger system keeping track of all the shipping history and for the environment, no more paper.
only time will tell if this will get integrated with the current structure. Due to the current crypto regulation scrutiny, it will be hard to get a foot in the door. but if they do manage to persuade the transition we will probably see Vechain at the top in the crypto space.
China where Vechain has its roots is gradually opening up its doors to crypto, the talks surrounding hong kong as the new crypto capital might light some hope for this potential project
#VETUSDT #LQR #TOBTC #LaqiraProtocol ● The price is in an up trend
• If the bottom of the channel supported and confirm , the first resistance is in the Level of 0.02500-0.02600.
• And the Level of 0.02700-0.02800 next resistance contains the orders
• After the confirmation , you can sell at the listed resistances
• If the channel breaks and you get confirmation, you can sell up to the support Level of 0.02200-0.02100.
• The next support is in the level of 0.02000 - 0.01950. If confirm, you can buy the mentioned supports.
● This analysis is not a buy or sell offer
VET Bullish triangleThe coin is in the game, it is traded at increased volumes of 100 million, at the moment we are squeezed in a triangle, within which we made a false stabbing of its lower and upper borders, thereby testing the poi zone valid for searching long positions and collecting all local retail stops.
VeChain (VET) formed big bullish Gartley for upto 39% pumpHi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin with US Dollar pair.
Previously I shared a long-term trade setup for VET, which is still in play as below:
Now on a daily time frame, VET has formed a bullish Gartley move for another price reversal. (due to extreme sell-off, priceline broke down the potential reversal zone and it was likely to behave like a bullish Butterfly move, but recovered soon, and still it can behave like a bullish Gartley )
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade