VeChain (#VET) is an up and coming blockchain platform aimed at serving the logistics sector and the Internet of Things (IoT). The new blockchain was launched in July , offering a swap of the older VEN token for the VET digital asset. Hey guys, This time i am presenting you a bigger picture of an altcoin with amazing potential: VeChain. I was honestly surprised by the perfect harmony of this technical analysis. The intersection on the green support line of the triangle with the fib retracement pattern coincides perfectly with the lowest price that VEN has hit in a while. Vechain seems to have broken to the upside of that downward channel within the red lines. right now is a crossroads, in my opinion. we will either see a full breakout from the red channel and a move into the historical channel represented with the yellow lines, or continued the downtrend within the red, back to test near the level. we will know very.
Tradingview vechain btcVeChain Long Entry (VET) for BINANCE:VETBTC by HeyTraders — TradingView India
Next bullish peak about last week of January. VeChain breaks the long downtrend and successfully traded above it. We will see good movement in VET soon. VET will perform better than many alts in the next months.
Buy Zone: Target: Stop Loss: We expect increasing the price in vet btc, but on the same usdt pair, it shows downward trend. Entry within the weak uptrend.
Looking for another bounce up to break the channel for a second and final time. Updating the post below from a few days ago. We were patient and waited and got the rejection from satoshi range hitting a high of 92 satoshis with our order filling upon the consolidation like we were hoping for.
Currently the trade is up Videos only. VeChain's Cycles vol. Searching for setups with crypto screener. VET downtrend over, Ready to go Up. Vet Breakout Setup. The ideal entry was the 0. Therefore it is worthy of consideration. Looking at the bigger picture, VET appears to Then break the downtrend from this level. Waiting for long bullish trend. It started a small correction, moving lower and testing EMA21 as support.
We are seeing signals on this chart pointing that this correction is over Hello friends, thank you for looking at my analysis, I will try to keep my words short. As you can see VeChain moves in a fairly accurate cycle that consists of three parts: Descending Trend bearish , Ascending Trend bullish and the Accumulation Phase sideways.
In order to forecast future movements, I used a simple calculation called averaging, you can Vechain seems to have broken to the upside of that downward channel within the red lines. Sometimes you need to zoom out, get out of the noise and look at the bigger picture. It appears Crypto may have put in a hard low and we are well into the accumulation phase. In my opinion , it's no longer time to trade in and out of these high potential projects, instead it's time for My buy zone and target for VET Not financial advice.
Vechain is on a similar channel path as Cardano which is very interesting. Let's see how this plays off by the end of the bullrun. Looking Good. We have maintained the ascending parallel channel, and we should be on our way to breaking upwards through it a few days after the cross. Merry Christmas VeChain hodlers! Surprised the Alt-coins have remained so quiet on this BTC bull run. I find it weird that its only been the rather expensive 23k bitcoin so far