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Weekly forecast VeChain technical chart
Symbol VETUSD

Download MT4 template file

Trade Setup

#VETUSDT
Total Profit: 43095 pip (655%)
Closed trade(s): 14830 pip Profit (225%)
Open trade(s): 28265 pip Profit (430%)

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

Closed Profit:
TP1 @ 0.07550 touched at 2021.07.26 with 945 pip Profit (14%).
TP2 @ 0.09300 touched at 2021.08.01 with 2695 pip Profit (41%).
TP3 @ 0.10550 touched at 2021.08.07 with 3945 pip Profit (60%).
TP4 @ 0.13850 touched at 2021.08.15 with 7245 pip Profit (110%).
945 (14%) + 2695 (41%) + 3945 (60%) + 7245 (110%) = 14830 pip (225%)

Open Profit:
Profit for one trade is 0.12258(current price) - 0.06605(open price) = 5653 pip (86%)
5 trade(s) still open, therefore total profit for open trade(s) is 5653 (86%) x 5 = 28265 pip (430%)

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.
DateAugust 28, 2021 - 18:54
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.05600 is a major support, while this level is not broken, the Midterm wave will be uptrend.

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.
  • A peak is formed in daily chart at 0.14420 on 08/16/2021, so more losses to support(s) 0.10550, 0.09300, 0.07550 and minimum to Major Support (0.05600) 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 54.

Take Profits:

  1. 0.07550
  2. 0.09300
  3. 0.10550
  4. 0.13850
  5. 0.16600
  6. 0.19250
  7. 0.22150
  8. 0.27950
Click on the level to view price action history.
Symbol Released Current Forecast
VeChain (VETUSD) free Fri, 22 Mar 2024
VeChain (VETUSD) Mon, 18 Mar 2024
VeChain (VETUSD) free Sun, 10 Mar 2024
VeChain (VETUSD) Mon, 4 Mar 2024
VeChain (VETUSD) free Sun, 25 Feb 2024
History
Daily-Trading-Opportunities on VETUSD.