VET on the verge of breakoutAs can be seen in the chart, VET/USDT is forming a symmetrical triangle. If the triangle breaks to the upside VET could see the price move to $0.165 approximately. This is also the 0.615 trendbased Fibonacci level & previous levels of resistance. The VPVR on the rightside of the chart also doesn't show too much selling pressure but starts to increase around the $0.163 level.
This is my publication #6. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
VETUSDT
💡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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Potential Breakout and MACD DivergenceVET seems strong to finally break out of the channel for next leg up. The RSI and MACD also validates the se up and with a little increase in volume, it can easily do 10% from here. However if it falls from the trendline then it will touch the channel bottom and try again. They had some good news as well today, and so my bet is on VET. Lemme know what you think in the comments.
💡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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💡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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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in VETUSDT Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.0850).
. 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 67.50.
Take Profits:
TP1= @ 0.0970
TP2= @ 0.1000
TP3= @ 0.1070
TP4= @ 0.1150
TP5= @ 0.1250
SL= Break below S2
Performance
It was a trading opportunity in the previous idea published on 4th of March 2021.
Buy orders opened on 05 March 2021, and we reached all the targets;
TP1= @ 0.0520 on 05 March 2021
TP2= @ 0.0572 on 07 March 2021
TP3= @ 0.0600 on 08 March 2021
TP4= @ 0.0633 on 08 March 2021
TP5= @ 0.0710 on 12 March 2021
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💡Don't miss the great buy opportunity in VETUSDTTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.072600).
. 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 64.
Take Profits:
TP1= @ 0.080250
TP2= @ 0.084000
TP3= @ 0.090000
TP4= @ 0.097400
TP5= @ 0.111000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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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.