VET/USD is bullish for the next 24 hoursVechain’s price is up today due to additional higher highs set over the past 24 hours after the $0.128 level prevented further decline on Friday. As a result, we anticipate VET/USD to continue rising and challenge the $0.143 mark next.
In the long run, a bullish VeChain price forecast is accurate. Despite the fact that values are presently trading near their all-time high levels, VeChain has yet to hit a new all-time high since August, possibly due to a lack of buying interest after the previous peak volatility.
VET
VET for a break or rejected ? VET is in a range since May and is currently on the top of this range.
In Daily the MACD is green and in Weekly, MACD is starting to go green too, which mean we have more chances to break this resistance now than we had before.
However, prices could be rejected here and the idea would be to wait for a price confirmation with a Daily close above 15ct, then a pullback to the previous resistance area could be use as an entry.
On the other hand, if we get rejected here, i would wait for a return under 13ct and MACD H4 turning green to go for a long.
For now we can only wait and see how it will play out.
Vechain (VET) uphill run scenarioVechain might have found the bottom of the current drop (if not hope it will find it in the 0.10 area).
The chart projects a possible neckline breakout.
VET / USDT. Symmetrical triangle formation. This is how I am trading VET/USDT based on the daily chart, Fibonacci levels, and Support and Resistance Levels.
Enter long position, if price breaks out of the triangle.
Take profit ideas:
Target 1 - 0.13424$
Target 2 - 0.15604$
Target 3 - 0.18510$
Target 4 - 0.22385$
Target 5 - 0.24887$
Target 6 - 0.27471$
Trade safely!
Comments, likes, and follows are greatly appreciated!
Falling WedgeLooks like we have a falling wedge at thus moment retracing back to around the 0.123 area. That may be a good time to get in, but without much volume at the moment it may be a quick pop to then keep decending to the next level. Try to have extra money on the side if it continues to drop after. I could be completely wrong so keep that in mind. God Bless
Vechain (VET) to .30+ by end of November Refer to the descending resistance on both price action and RSI. Possible hidden divergence setup. .14 and .16 resistance levels and breaking them would actually flip our RSI and movement trend back bullish. I think BTC consolidates next 2 weeks and alts gain dominance. .31 PT for VET by end of November.
Possible Cup and Handle + Small Pennant to finish Handle | VET*THIS IS NOT FINANCIAL ADVICE*
Currently, I believe Vet is looking bullish with a possible breakout from the small pennant to finish forming the handle
If that plays out, Vet could surpass .15 and attempt to reach .20 - I expect a lot of resistance from .20 to .25
(might even be just an even larger cup and handle forming!)
$VET weekly chart gearing up for a runThe $VET weekly chart is looking bullish AF.
Held the 9EMA and 20EMA on the weekly timeframe and is pushing up again the blue downtrend line. Still see some resistance in the 0.15-0.16 area but if it can break it then we should see previous highs around 0.25-0.28.