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Weekly forecast VeChain technical chart
Symbol VETUSD

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Trade Setup

#VETUSDT
Total Profit: 18437 pip (279%)
Closed trade(s): 965 pip Profit (15%)
Open trade(s): 17472 pip Profit (264%)

Trade Setup:
We opened 9 BUY trade(s) @ 0.06605 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 0.07570 touched at 2021.07.26 with 965 pip Profit (15%).

Open Profit:
Profit for one trade is 0.08789(current price) - 0.06605(open price) = 2184 pip (33%)
8 trade(s) still open, therefore total profit for open trade(s) is 2184 (33%) x 8 = 17472 pip (264%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJuly 31, 2021 - 13:24
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 0.03570, beginning of uptrend is expected.
  • We make sure when the resistance at 0.10530 breaks.
  • If the support at 0.03570 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 0.05600 on 07/21/2021, so more gains to resistance(s) 0.09285 and maximum to Major Resistance (0.10530) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 62.

Take Profits:

  1. 0.07570
  2. 0.09285
  3. 0.10530
  4. 0.13870
  5. 0.16595
  6. 0.19270
  7. 0.22170
  8. 0.27945
Click on the level to view price action history.

Symbol Released Current Forecast
VeChain (VETUSD) Sat, 11 Sep 2021
VeChain (VETUSD) Sun, 5 Sep 2021
VeChain (VETUSD) Sat, 28 Aug 2021
VeChain (VETUSD) Sat, 21 Aug 2021
VeChain (VETUSD) free Sat, 14 Aug 2021