Vechain
VETUSDT (VeChain) Bullish for Long TermHello Friends,
Vechain offers an innovative way to use Blockchain technology which improves global supply management using RFID etc. This technology may transform supply chain completely transparent among all the stakeholders. Its aim to drive adoption of Block chain technology, smart contracts more cheaper and efficient.
Currently on chart it has come down to test Trend Line and may bounce back anytime to test higher highs. I have taken positions for long term and will this for good profits.
Please consult your financial advisor before taking any positions.
Thanks
Learn with Nikhil
VeChain (VET) Price Prediction 2022 - Crypto AnalysisVeChain (VET) Price Prediction 2022
VeChain holds the 37th position on CoinGecko right now. VET price prediction 2022 is explained below with a daily time frame.
The above chart of VET laid out the horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, VET is in the range of $0.02545. If the pattern continues, the price of VET might reach the resistance level of $0.03322. If the trend reverses, then the price of VET may fall to $0.02361, and $0.02071.
VeChain (VET) Support and Resistance Levels
The below chart shows the support and resistance level of VET.
From the above daily time frame, we can interpret the following as the resistance and support levels of VET.
Resistance Level 1 $0.02667
Resistance Level 2 $0.03366
Resistance Level 3 $0.04358
Resistance Level 4 $0.06823
Support Level 1 $0.02025
VET Resistance & Support Level
The charts show that VET has performed a bullish trend over the past month. If this trend continues, VET might run along with the bulls overtaking its resistance level at $0.06429.
Accordingly, if the investors turn against the crypto, the price of the VET might plummet to almost $0.01284, a bearish signal.
Comparison of VET with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and VeChain (VET).
From the above chart, we can interpret that the trend of VET is more similar to that of BTC. Though the three cryptos seem to move in a similar trend, the trend of VET slightly differs from that of ETH. Notably, when the price of BTC increases, the price of VET also increases. And when the price of BTC decreases, the price of VET also decreases.
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08887).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 0.09407
TP2= @ 0.09990
TP3= @ 0.11053
TP4= @ 0.11929
TP5= @ 0.12825
SL= Break below S2
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.07923).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.08989
TP2= @ 0.09526
TP3= @ 0.10170
TP4= @ 0.11550
TP5= @ 0.12250
TP6= @ 0.14157
SL= Break below S2
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Now, It's your turn!
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VET price prediction. Learning to trade if anyone and suggest anyone required correction to this would be much appreciated.
Happy trading crypto.
💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.127).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.140
TP2= @ 0.147
TP3= @ 0.157
TP4= @ 0.165
TP5= @ 0.180
SL= Break below S2
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. . . . . Please show your support back,
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💡Don't miss the great buy opportunity in VETUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.099).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 0.120
TP2= @ 0.130
TP3= @ 0.140
TP4= @ 0.150
TP5= @ 0.160
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
VeChain broke out of a 3 week long consolidationVeChain (VETUSDT) has given a break out after a 3 week consolidation. Since its crypto and we are in a bull run 3 week consolidation is good enough for the next up-move. It might retest 0.06 level before moving up. The volume is also building up in this up-move from 0.04 level and it seems that 0.09 level is on cards.
💡Don't miss the great buy opportunity in VETETHTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 0.00003300
TP2= @ 0.00003860
TP3= @ 0.00004760
TP4= @ 0.00005570
TP5= @ 0.00006570
TP6= @ 0.00008320
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in VeChain/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.05). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain/USDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 0.060
TP2= @ 0.065
TP3= @ 0.070
TP4= @ 0.078
TP5= @ 0.090
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in VeChain/USDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0253). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain/TetherUS VETUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.03130
TP2= @ 0.03530
TP3= @ 0.04060
TP4= @ 0.04510
TP5= @ 0.05070
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,
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡VETUSDT Second Chance: An Inverted Head & ShoulderTrading suggestion:
". Buy on Neckline Breakup."
----------------------------------------------------------------------
308% pips profit...
Total Profit: 308%
Closed trade(s): 162% Profit
Open trade(s): 146% Profit
Update Details:
Closed Profit:
TP1 @ 0.012550 touched at 11.17.2020 with 25% Profit.
TP2 @ 0.015250 touched at 11.23.2020 with 52% Profit.
TP3 @ 0.018600 touched at 11.25.2020 with 85% Profit
25% + 52% + 85% = 162%
Open Profit:
Profit for one trade is 0.017340(current price) - 0.009988(open price) = 73%
2 trade(s) still open, therefore total profit for open trade(s) is 73% x 2 = 146%
All SLs moved to Break-even point.
Take Profit:
TP4= @ 0.023000
TP5= @ 0.027900
💡 Don't miss the great buy opportunity in VeChain/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00000060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain/Bitcoin VETBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 0.00000077
TP2= @ 0.00000098
TP3= @ 0.00000125
TP4= @ 0.00000150
TP5= @ 0.00000185
TP6= @ 0.00000220
TP7= @ 0.00000270
TP8= @ 0.00000335
SL= Break below S2
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️