Vechain is a layer 1 smart contract platform especially designed for the real world enterprise. It is focused on delivering incentive based sustainable dapps through its new platform VeBetter Dao. The protocol has always remained a driver of blockchain in business and is working continuously in that direction. Vechain uses Proof Of Authourity to secure their...
The VeChain token surge from the demand zone at $0.01600 to $0.05500 by February 2024. Along the way, the price broke through in-between resistance and has since displayed signs of sustained strength above key EMA's.
VeChain's recent price structure has shown signs of recovery as it spiked from a crucial level of around $0.04300 on the chart and highlights major...
💎"Heads up, Paradisers! VETUSDT (VeChain) is currently anchored in a highly advantageous demand zone, providing significant support to the price action. This robust demand level signifies substantial buying interest in the market, suggesting a potential price ascension.
💎After successfully securing support at the demand level, VETUSDT has shown resilience and the...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.1646).
. 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 above the 21-Day WEMA, which acts as a...
Once we break out of this symmetrical triangle and hold above the neckline, we are going places. Same pattern was seen in other coins which already gave us profits. This is going to be alt season and $VET is going to run.
Trading 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...
VET / 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...
