💡 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
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VET
💡 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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💡Don't miss the great buy opportunity in VeChain/Ethereum Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00002655). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VeChain/Ethereum 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 66.
Take Profits:
TP1= @ 0.00003175
TP2= @ 0.00003865
TP3= @ 0.00004845
TP4= @ 0.00005655
TP5= @ 0.00006435
TP6= @ 0.00007585
TP7= @ 0.00009038
SL= Break below S2
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💡Don't miss the great buy opportunity in Vechain (VETUSDT)Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.01074).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 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 50.
Take Profits:
TP1= @ 0.01350
TP2= @ 0.01590
TP3= @ 0.01862
TP4= @ 0.02102
TP5= @ 0.02299
SL= Break below S2
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💡Don't miss the great buy opportunity in VETBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00000067). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 38.
Take Profits:
TP1= @ 0.00000085
TP2= @ 0.00000110
TP3= @ 0.00000140
TP4= @ 0.00000190
TP5= @ 0.00000235
TP6= @ 0.00000270
TP7= @ 0.00000335
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in VETUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0096). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VETUSDT 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 50.
Take Profits:
TP1= @ 0.01255
TP2= @ 0.01525
TP3= @ 0.01860
TP4= @ 0.02300
TP5= @ 0.02790
SL= Break below S2
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💡Don't miss the great buy opportunity in VETBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0000009). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. 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 40.
Take Profits:
TP1= @ 0.00000109
TP2= @ 0.00000127
TP3= @ 0.00000145
TP4= @ 0.00000174
TP5= @ 0.00000216
TP6= @ 0.00000272
TP7= @ 0.00000337
SL= Break below S2
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. . . . . Please show your support back,
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in VETUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. VETUSDT 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= @ 0.0190
TP2= @ 0.0210
TP3= @ 0.0230
TP4= @ 0.0285
TP5= @ 0.0366
SL= Break below S2
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
There is a trading opportunity to buy in VETETHTechnical analysis:
. Vechain/Ethereum 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 48.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00002380 to 0.00002075). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00002380)
Ending of entry zone (0.00002075)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00002650
TP2= @ 0.00002910
TP3= @ 0.00003250
TP4= @ 0.00003850
TP5= @ 0.00004600
TP6= @ 0.00005400
TP7= @ 0.00006050
TP8= @ 0.00007700
TP9= Free
VET / USD Price Analysis: Overcoming Selling PressureVET / USD Short-term price analysis
VET has a bearish short-term outlook, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame is also showing that a large head and shoulders pattern is starting to take shape. Bulls need to move price above the April 19th swing-high to invalidate the bearish pattern.
Technical indicators on the four-hour time frame have turned bullish and signal a potential upside.
Pattern Watch
Traders should note that the VET / USD pair will fall towards its current 2019 trading low if the head and shoulders pattern is triggered.
Relative Strength Index
The RSI indicator on the four-hour time frame is bullish and is showing scope for future upside.
MACD Indicator
The MACD indicator on the four-hour time frame is currently bullish, with the MACD signal line and MACD histogram both generating strong buy signals.
Fundamental Analysis
VET has been up for the past several weeks with some positive news. During the VET Summit in San Francisco, the company has announced that it is working with BMW on building the VerifyCar app which addresses the mileage fraud problem present in one-third of vehicles in Germany. Deloitte has also announced that it will develop a blockchain solution based on VEThor and migrate from the Ethereum network.
VET / USD Medium-term price analysis
VET has a bullish medium-term trading outlook, with the VET / USD pair still trading above its trend-defining 200-day moving average.
The daily time frame is showing that the VET / USD pair has started to come under technical selling pressure after price fell below key trendline support.
Technical indicators on the daily time frame are attempting to correct higher following the recent decline in the VET / USD pair.
VET / USD Daily Chart by TradingView
Pattern Watch
Traders should note that a valid falling wedge pattern is also present on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame has started to turn bullish and shows scope for further upside.
MACD Indicator
The MACD indicator is neutral on the daily time frame, with the MACD indicating currently failing to generate a clear trading signal.
Fundamental Analysis
VET has shown strong fundamentals at the beginning of 2019 which should positively affect the adoption of its network. The team continues to develop strong partnerships and is starting to present working products that utilize its blockchain. These factors should help the project to grow in the medium-term.
Conclusion
VET is attempting to recover higher after relinquishing a portion of its recent gains. Short-term bulls will need to work hard to negate the bearish pattern on the four-hour time frame, while the daily time frame is showing that buyers must move price above key trendline resistance or downside pressures could return.
There is a possibility for the beginning of an uptrend in VETETHTechnical analysis:
. Vechain/Ethereum 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 39.
. While the price uptrend in the daily chart is not broken, bullish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003800 to 0.00003480). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00003800)
Ending of entry zone (0.00003480)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00004300
TP2= @ 0.00004700
TP3= @ 0.00005390
TP4= @ 0.00006060
TP5= @ 0.00007690
TP6= Free