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.
If we finish this ABCDE wave good then we can see another 12345 wave wich will bring us to 80k satoshi.
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.
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...
Looking for a quick push on the 3rd test of the down trend line!
Previous Resistance is now support. VEN consolidating into triangle. May go both ways. RSI at 50. Bullish on long term.
VEN had another bullish pennant after a rise It recently tested its ichimoku support and the indicator gave us 5 bullish signs The CMF got into positive area again and is showing a clear uptrend, buying pressure is with lagging price rise The amount of huge news, rumors and partnerships announced with the huge artificial sell walls there is a very high possibility...
Wait for Ven to decline another 8-10% before purchase. It might be worth it to monitor the wave 1 and two, to see if they have any intention of following the elliott wave. Trading slightly above the cloud, but it's mixed. A risky buy for sure right now.
I think the 3th wave isnt done yet Vechain will probaly pump after the rebrand after that we can see a pullback that is what wave 4 is after that is done we are ready for wave 5 +thor power comes around these month. If you dont have a position then buy some now and wait for the 4th wave to buy even more. the 5th wave will be really big dont miss out an it. after...
I called this out early DEC on my twitter but Trading View had no Binance graphs back then. In one sense it's already gone so far but I really do like VEN. If you check out google trend reports it hasn't really even hit public knowledge yet, so I believe it could still explode. It has official partnerships across the automotive and public sectors. Ever since...
Vechain, VEN, is a great long term buy. Price is currently at buy support. Look for this trend to mimic historical performance.