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Weekly forecast VeChain technical chart
Symbol VETUSD
Trade Setup

#VETUSDT
Total Profit: 41400 pip (626%)
Closed trade(s): 15580 pip Profit (236%)
Open trade(s): 25820 pip Profit (390%)

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

Closed Profit:
TP1 @ 0.08000 touched at 2021.07.26 with 1395 pip Profit (21%).
TP2 @ 0.09000 touched at 2021.07.31 with 2395 pip Profit (36%).
TP3 @ 0.11000 touched at 2021.08.08 with 4395 pip Profit (67%).
TP4 @ 0.14000 touched at 2021.08.15 with 7395 pip Profit (112%).
1395 (21%) + 2395 (36%) + 4395 (67%) + 7395 (112%) = 15580 pip (236%)

Open Profit:
Profit for one trade is 0.11769(current price) - 0.06605(open price) = 5164 pip (78%)
5 trade(s) still open, therefore total profit for open trade(s) is 5164 (78%) x 5 = 25820 pip (390%)

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.

DateSeptember 11, 2021 - 17:56
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.06000 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 0.16000 on 09/06/2021, so more losses to support(s) 0.11000, 0.09000, 0.08000 and minimum to Major Support (0.06000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Take Profits:

  1. 0.08000
  2. 0.09000
  3. 0.11000
  4. 0.14000
  5. 0.17000
  6. 0.19000
  7. 0.22000
  8. 0.28000
Click on the level to view price action history.

Symbol Released Current Forecast
VeChain (VETUSD) new Mon, 18 Mar 2024
VeChain (VETUSD) free Sun, 10 Mar 2024
VeChain (VETUSD) Mon, 4 Mar 2024
VeChain (VETUSD) free Sun, 25 Feb 2024
VeChain (VETUSD) free Tue, 20 Feb 2024