VEN has a lot going for it: Great looking chart, mainnet launch in Q2, and strong governmental partnerships. It's not going to 0 any time soon.
VENBTC seems to be in a rising wedge. The last two times this pair was in this pattern, there was a downfall once the pattern was broken from the downside. Pending orders for short positions can be placed around the 0.00043000-0.00042500 level. Or you could wait until the pattern breaks. Profit target could be 0.00035000 level. Constructive criticism is welcomed.
Buy retracement of 1 we will know more after 1-2
Vechain has been consolidating since its initial run at the beginning of the month. Today we're seeing an uptick in volume and the price is approaching prior resistance right around .0004420. Closing about this resistance would be a very positive sign and could call for another increase in price where the next point of resistance would be around .00046-.00047 and...
ven break the triangle. so watch for retest and keep an eye on it.
After breaking a long-term falling wedge, VEN is now sitting in a bullish-looking pennant. If it breaks upwards, there is a good chance we could see a return to the 55-60k sat range. Target is ~40%.
I placed a buy order at 40600, lets see what happens next...
Reasons why I will enter a short term long position using a stop-limit order: 1. Breakout triangle forming at base of consolidation zone 2. Tight squeeze with previous failed breakouts 3. High return on investment (36%) with 3.8:1 risk/reward 4. Similar break out pattern forming on the VENETH pair Enjoy. You can now follow me on Steemit: steemit.com...
Introduction: I already discussed Vechain Thor’s price movements at length in the previous articles: - The TRUE buy & sell moments for Vechain (+ the next BUY moment!) , and in its sequel: - The TRUE buy & sell moments for Vechain (+ the next BUY moment! Ctn’d) Here is a very quick recap: In 1 (see MACD Region of the graph), we had a bullish triangle...
Cup and handle formation on 30min chart and falling wedge pattern on the 1D chart 9 period EMA has crossed above the 20 period EMA for both the 30 min and 1D charts as well as failing to fall below the 100 period EMA on the 1D chart convincingly before bouncing back above it signaling a bullish trend on both the short and long term. If this bull trend breaks the...
Since it has little price action history I'm assuming a support level in the dash-red line is where it's currently at and appears to be about to break a downward wedge(?). Hoping some good news comes out soon as a catalyst to propel it up and out of the downward trend line.