This looks like a nice rectangle with a possible pennant at the end. I'm aiming to enter at around .00054, breakout to ATH. Otherwise could come back down and even break through the bottom support if the markets turns bearish.
Vechain has been growing very rapidly and it seems like the recent correction has led the way for a triangle formation. This can go either way. Although there is a big sell wall at around 0.0060, VeChain's overall momentum and popularity might fuel a growth.
VEN possible breakout imminent, indicators speak for themselves, see my previous VEN TAs Get ready
VEN is an established coin which is trending and increasing its popularity as time goes by. Chart suggests a gradual bullish trend with an opportunity to dip buy. Support level stands at 42,000 area. Anything below is considered a bargain buy for short and mid-term investors. VEN has the potential to return to upward trend and beyond. Overall chart is a good...
Ven is very bullish right now and headed for the .768 fib level. 40% gain potential. As always be cautious.
VENBTC is holding surprisingly well to the BTC correction. It is currently forming a bullish pennant; looking to break in the next 24-36hrs. Buys in the green zone and set your stop loss in the red zone. As you pass each target ; move your stop loss to the previous target / stop-loss zone.
Three possibilities I see for VEN's near future. With a bullish flag and trendline underneath it, I believe we will see a continuation of the uptrend if major cryptos like BTC and ETH can hold their ground.
This TA is a bit out there as I see it as being very optimistic; that being said I could see VENBTC following its pattern of sudden growth that it has been experiencing in the past. Currently forming a pennant on the 60min chart ; it could break anytime soon.
Flags formation are some of my favorite patterns. It usually signals a good potential for continuation of the trend. If broken the next target would be near 0.00085
Does it break and we go to check the next lvl support at 31922?
Combined Pitchfork - Fibonnacci retracement analysis clearly showing us how VEN-pricing moves, e.g. how it reached quite the high in the last week and how it bounced back to specific resistance and support levels as laid out graphically. I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a...
If an external event doesn't cause additional downward pressure on the market, VEN is set to breakout in the coming days. Formation of a symmetrical triangle, a BB squeeze and a rise in the DMI+ and ADX creates a favourable scenario for VEN. Coupled with fundamental analysis (upcoming rebranding and current airdrop), positive movement is likely.
BINANCE:VENBTC twitter account hinting at chinese partnerships, very bullish. Never shared a chart before so do with this what you will. Not financial advice etc.
Updated my previous VEN analysis, looking at the bigger picture now
VEN generating higher lows and lower highs with decreasing volume. Breakout of triangle would indicate continuation of the uptrend. Great project with fantastic partnerships make this a long-term hold. Rebrand was pushed to Feb 26, but not due to development slowness: "Our clientele continues to expand through the support of DNV GL and PwC. This influx of...
If support holds it might form a bullish ascending triangle. Other wise it might form a double top reversal pattern. Stop loss at 36346.
$VEN broke down off its trendline and created a descending channel at the same time but was able to recover and get back on track again. upcoming rebarding for VEN is on the 15th of January and a partnership with some of the big players in the Chinese tobacco industry. targets are marked for profit taking along resistance lines DYOR. set tight stop losses as...