VET Sign of Strength RallyThe VET price had been observed in a horizontal re-accumulation trading range from Jan 22, 2022 to Mar 27, 2022. The VET price exited this re-accumulation trading range with the SOS rally.
I will make a long entry at the BU/LPS event (around $0.07) and take profit around the next resistance cluster around $0.10. The upper and lower boundaries of the re-accumulation trading range are given by the horizontal black lines.
Blue arrows mark volume spikes.
Wyckoff abbreviations: automatic rally (AR), change of character (CHoCH), sign of weakness (SOW), failed upthrust (FUT), selling climax (SC), sign of strength (SOS), back up (BU), last point of supply (LPS).
This is not financial advice. I am not your financial advisor. This is my opinion.
VETUSDT.P trade ideas
VECHAIN LONGHello everyone,
Just wanted to share this idea for a ~30%+ long opportunity on VET.
Vechain has had some good momentum.
I believe we will drop down to the area below. Catch support around 0.07488.
I will be longing with HEAVY leverage. Risk it for the biscuit.
Adios.
Aiming for 0.095
Good luck.
💡Don't miss the great buy opportunity inVETUSD @vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06848).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.08002
TP2= @ 0.08815
TP3= @ 0.09610
TP4= @ 0.10308
TP5= @ 0.10834
SL= Break below S2
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💡Don't miss the great buy opportunity inVETUSD @vechainofficialTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.06848).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.08002
TP2= @ 0.08815
TP3= @ 0.09610
TP4= @ 0.10308
TP5= @ 0.10834
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
VET/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
VET is looking really good in the mid/long term. However in the short term I am kinda bearish because we have a bearish divergence in the 4H chart. BTC is also showing signs of weakness so that is a factor that can make altcoins bleed. I still believe that after we hit the support level we we will bounce. Comment what you think.
I haven't been posting lately because I am busy with IRL stuff, so I apologise for that. I don't know if I can stream tomorrow or on the next week so I am also sorry for that. I will try to be more consistent in posts next week.
🔥 VET Huge Break Out: Parabolic Price ActionAround a week ago I made an analysis on VET where I discussed the bullish break out through a bear market trend line. Since then, VET has gained around 40% in value. Congratulations if you took the trade.
With most indicators severely overbought, I think we're going to see some consolidation on the chart. Naturally, I'm still very bullish, but we need to cool off a little after several days of huge gains.
I'm scouting an entry inside the area between the two last targets. If we're reaching hourly oversold levels, we might've found a lower high and resume the bullish move. Target placed at $0.1
Happy trading!
VETSalaam
Happy Norouz again.
Hope have happy new year's holidays!
VET seems strong after good rally in less than 20 days.
I'm waiting for some retrace but it makes a falling wedge in 1h time frame.
The next resistance is 0.087 that will make a 20% gain.
Let's see,
Manage the risk even in the strongest markets!
Good luck,
VETUSDT (BULLISH)Timeframe : DAILY
TP @0.108-0.11 Confirmations
1. Fib -0.618
2. Previous Support (Will act as resistance for this uptrend move)
3. Broadening Rising Wedge Pattern Target
4. Trendline retest (this will be the fourth time and a possible breakout which will lead to a good entry)
Uptrend Confirmations :
1. RSI Oversold (which means the market can go more oversold)
2. RSI Bullish Divergence
3. Upcoming 20/50smma crossover 200 on Daily, But on 4hour timeframe the SMMAs already bullish crossover.
4. A a bounce from Major Support, be aware that this could be tested again too so have your strategy working to to know the best possible entry you can get.
5. Possible test of trendlines which will result a possible breakout too.
Entries and Stoploss (I'll let you plan this one. but if you're on spot trading, just DCA until major support)
VETUSDT (4H) Bullish Wave We2Hi Traders
VETUSDT (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of $0.076 after the market found support at $0.070. Only the downward break of $0.070 would cancel the bullish scenario.
Trade details
Entry: 0.076
Stop loss: 0.070
Take profit 1: 0.088
Take profit 2: 0.100
Score: 8
Strategy: Bullish Wave We2