I spent hours to count and recognise the waves, right now we are on wave b and soon should move to wave c and retrace.
I believe whales will push it hard to hit the bottom again and that will give us double bottom and confirmation of an uptrend.
Stoch is overbought needs to retrace
Macd: is slowly going down
Hope all your trades are going well.
It's all in the chart for VechainThor VENBTC.
VENBTC just made higher high within the channel.
RSI Level: Shows Oversold by a big margin.
Probability: 60% VEN go Higher with a 40% VEN go lower.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below....
This time i am presenting you a bigger picture of an altcoin with amazing potential: VeChain.
I was honestly surprised by the perfect harmony of this technical analysis.
The intersection on the green support line of the triangle with the .236 fib retracement pattern coincides perfectly with the lowest price that VEN has hit in a while.
Ven is currently on 0.236 support of Fibonacci. If the bracket does not break, it will mainly have two reversal points. The black line just below, or the support around 0.009. To enter the trade, wait for at least the RSI line on the daily chart to point up and / or an accumulation in the price.
Today I have another update on another coin. It's VeChain (AGAIN!). You are looking at the daily chart, which tells us the following:
- Parabolic drop from 40k sats to current level (22.1k at time of writing);
- Still hugely oversold. RSI of 13.9 on Daily, which is all time low for VeChain;
- Weak support soon, due to price action in January and .786...
-Vechain almost at the likely bottom of its correction (78,6% correction horizontal in blue) - around 20.000 satoshi. Currently at 22.000.
- Given the incredible fundamentals of this one, this might be a good, if not a very good, if not an amazing and scarce opportunity for purchasing some.
- Looking at the RSI: only at 5, or in normal language:...
VEN was anticipated to be one of the biggest coins this month, but quite the opposite happened. Along with some FUD, fro ma TA aspect this double top could put it into the ground. I find this highly unlikely with this coin though. Do not try and catch a falling knife, WAIT for reversal confirmation, especially with the possibility of a BTC pull back coming. When...
I was rapidly scrolling a the whole market a couple of days ago and my attention was caught by the bearishness of VEN in a stagnating whole market (what in this market is very atypical).
I did a very quick , to understand why and discovered that VEN is migrating on his own chain (not a so bad news).
Since ATH VEN corrected relative less and is inside this big...
A lot of people ask me about VEN. I never got into it but here is my analysis.
Over 2000% gains??? They your a fool if you do not realize this was a huge run and needs a huge correction. Im assuming the people asking me about VEN chased it to the moon and are now left holding it.
The next retrace point will see a test of 2000
Way below the EMA markers