Hey guys, 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. Coincidence?I...
Price failure, hoping it can find bottom before the 1.5 extension
HI All, It's All in the chart: BTCUSD. Just Entered into VENBTC. RSI shows oversold. When will the downtrend end, who knows, but this is a long position. This trade VENBTC could go much lower, because its Predicated on BTCUSD. Hence, stop loss is a must. Swing traders: Statistics and probability are on our side. Don't worry about being right all the time....
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.
Man I was wrong about VEN earlier so here is a update: Keeps dropping down even though the RSI is very low and oversold (13.6) Bull divergence on SMI for now.. Seeing some thin supports wich might indicate a bounce in that area but otherwise towards the red area --> around 15K satoshi. Thin supports where VEN might bounce: - Current area: 21K - 18K - 16K...
That good old support line haven't been touched after December 2017. A good old support... but might turn into a resistance. Daily candle has some more time. I think price would dip more. Let's see...
Hi guys, 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...
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...
Quick post: -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:...
(since my last uploaded idea doesn't seem to be on here, I'll try it again) I just started charting recently, so this is just an idea I have and definitely no financial advice. - close to what I think is the support trend line (green) - oversold on RSI (20). Also seems to have touched the bottom trend line I drew on the RSI (meaning it is as low as it's...
Extremely oversold hovering around support area RSI under 30 keep eye on that coin
VeChain is still in downtend. We can expect another 40% fall to 78.6.
VEN/BTC making a downward move, to me it looks like it is in a C wave of an ABC correction. First target for potential support is at 25611.I will be buying at star if we get there and adding heavily if we get to 3 stars. Feel free to drop any question or critique my TA. Trade Safe!
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 Already...
Taking a look at the daily chart for VEN, we can the price hitting a support line which may be a good area to reload. The RSI indicators are showing oversold and the MACD is approaching a horizontal support line. I don't like trying to catch a falling knife, but with BTC turning more bullish I feel the alts will start to turn around as well. If the price action...
Possibile buy zone and timeframe for this downtrend to finish.