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Weekly forecast VeChain technical chart
Symbol VETUSD
Trade Setup

#VETUSD
Total Loss: 23350 point (430%)
Closed trade(s): 23350 point Loss

Trade Setup:
We opened 10 BUY trades @ 0.05391 based on 'Valley' entry method at 2022-05-04.

Closed Loss:
SL @ 0.03056 touched at 2022-05-11 with 23350 point Loss. (430%)
Loss for one BUY trade is 0.05391(open price) - 0.03056(close price) = 2335 point (43%)
Therefore total loss for trades is 2335 (43%) x 10 = 23350 point (430%)

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 22, 2022 - 12:14
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.03905 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 0.05475 on 05/05/2022, so more losses to support(s) 0.01900 and more depths 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 38.

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