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Weekly forecast VeChain technical chart
Symbol VETUSD
Trade Setup

#VETUSDT
Total Profit: 42695 pip (646%)
Closed trade(s): 15580 pip Profit (236%)
Open trade(s): 27115 pip Profit (410%)

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 0.12028(current price) - 0.06605(open price) = 5423 pip (82%)
5 trade(s) still open, therefore total profit for open trade(s) is 5423 (82%) x 5 = 27115 pip (410%)

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.
DateOctober 14, 2021 - 08:06
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.06000, beginning of uptrend is expected.
  • We make sure when the resistance at 0.15000 breaks.
  • If the support at 0.06000 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.
  • A trough is formed in daily chart at 0.08000 on 09/29/2021, so more gains to resistance(s) 0.14000 and maximum to Major Resistance (0.15000) 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 59.

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) 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.