Market insights
VeChain (VET) - May 2Hello?
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(VETUSD 1D chart)
You should watch for any movement that deviates from the 0.19129250-0.25429895 segment.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to make sure you get support in the 0.17029034-0.19129250 range.
If you go down at 0.17029034, you need a short stop loss.
If you go down from the 0.12828604 point, you can touch the 0.09410614 point, so you need to trade carefully.
If the red of OBV on the volume indicator does not increase, it is expected to maintain an upward trend.
In the CCI-RC indicator, it remains to be seen whether the CCI line breaks above the EMA line.
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(VETBTC 1D chart)
We have to see if we can get support and climb at the 350 Satoshi point.
If it falls, it remains to be seen if it can gain support in the 316 Satoshi-350 Satoshi section and climb along the uptrend line.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
VET +26% or -26% VET, currently in this tringle and now we will have to wait and see if it will break out and start making a new ATH. If not, it may start to follow this bullish flag which might take a couple days to finish forming before a break out.
If it breaks out to the upside, my target will be .26
If it breaks to the downside, my target will be .14
Expect Big Vechain Move Soon!Vechain has been moving sideways for a little bit now and i believe we are going to see a very big run up in the near future! Vechain is currently looking to breakout of a wedge, we are getting very close to the apex of the wedge and I think we will see a break soon. We are getting great support from the Ichimoku cloud, we are still seeing thicker clouds being printed and I think we are going to continue seeing it! Aswell we are seeing great bullish momentum from the EMA ribbons, we are starting to see some spread on the ribbons with 0 signs of slowing down! Our MACD has recently flipped bullish and I believe once we see a breakout of the wedge I think we are going to see a very strong push up possibly up to our 0.2 FIB level! Very bullish on VET overall, Not financial advice just my opinion!
VET USD 00.33$ SOON?VeChain is currently trading at 0.1915 dollars. The MACD is used to identify the trend direction.
At the MACD (bottom chart), we see that we went all the way to the bottom and then reversed completely proving that we are still bullish for the short term.
By using the Fibonacci retracement, we can see that we currently have resistance at 0.1985 and support at 0.1835.
If I had to guess, we would stay going up and down until we are at the end of the triangle and then go to higher levels and maybe even a new ATH.
If we can go past the resistance of 0.26 our next Fibonacci resistance will be 0.328. I think this is definitely achievable. But this also works in the opposite direction, if we break the bottom triangle line, I would be bearish and we will probably go down.
I guess that we will go out of the consolidation from 03/05. But this is a guess. Everything can happen in crypto.
VET Bull and bearish runHi Guys,
This is my first video analysis video of cryptocurrency.
Provide your input if i missed something.
Thanks






















