Hi guys,
Another update on another coin. This time it is VENBTC -4.80% -4.80% .
You are looking at the 4hourly chart, which tells us a couple of things:
- VENBTC -4.80% -4.80% dropped approximately 45-50% since the last wave up;
- We broke through the 32k sat support
- VENBTC -4.80% -4.80% is oversold on all timeframes!!
- RSI and MACD histograms are showing some signs of divergences
- MACD crossed up
- Volume is decreasing
My thought on this dump is because of the pauze of X node monitoring. All X node hodl'ers are able to swap their VEN -1.89% -1.89% on exchanges, which causes a huge increase in supply and trading volume . My guess is that they are trying to accumulate more VEN -1.89% -1.89% , before the lockup snapshot (september). Fundamentally nothing changed!
I am keeping a close eye on VeChain. I do not hope it droppes to the .786 fib level (around 18-20k sat), because that will be terrible for the VeChain hodlers.
Another update on another coin. This time it is VENBTC -4.80% -4.80% .
You are looking at the 4hourly chart, which tells us a couple of things:
- VENBTC -4.80% -4.80% dropped approximately 45-50% since the last wave up;
- We broke through the 32k sat support
- VENBTC -4.80% -4.80% is oversold on all timeframes!!
- RSI and MACD histograms are showing some signs of divergences
- MACD crossed up
- Volume is decreasing
My thought on this dump is because of the pauze of X node monitoring. All X node hodl'ers are able to swap their VEN -1.89% -1.89% on exchanges, which causes a huge increase in supply and trading volume . My guess is that they are trying to accumulate more VEN -1.89% -1.89% , before the lockup snapshot (september). Fundamentally nothing changed!
I am keeping a close eye on VeChain. I do not hope it droppes to the .786 fib level (around 18-20k sat), because that will be terrible for the VeChain hodlers.
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www.youtube.com/watch?time_conti...
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Oops, wrong comment. Wow. Obviously, the VeChain community is also gaining confidence due to the BTC pump. This caused the $ value of VEN to rise. VENBTC is still trading flat. I expect VENBTC to rise, once BTC is cooling down. Excuse moi for my comment AND update mistake, lol
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Today and tomorrow are going to be important for the price of VEN. Daily RSI is approx. 17-18 right now (hugely oversold!!). I just bought myself a small bag of VEN because of the mainnet token swap and due to the blood in the streets.
Watching daily candle (hoping for a bullish spinning top!)
Watching daily candle (hoping for a bullish spinning top!)
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On 4hourly I noticed that people are accumulating VEN big time (in 26-29k region)
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Wow. I did not expect this to happen! VEN dropped again, even after announcements on the token swap on binance and a new ICO.
I just spotted a divergence on the hourly chart. Let's hope it plays out.
I just spotted a divergence on the hourly chart. Let's hope it plays out.
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