VEN has successfully broken out from the short term down trend. Long term uptrend support is still intact. Heading toward new ATH
I am officially raising the banner of secular bear against Vechain, meaning there will be more sellers than buyers in the coming price action cycle. I have laid out on the chart above my plan of action to slowly accumulate this cryptocurrency. This is what contrarians do: wait for the wash trades to play out, while timing tiering buys on the low end. I see a...
VEN chart showsa complete Elliot's Wave followed by an ABC correction. Price is moving towards the 0.786 Fibonacci line at 54,500. One should await a test on that fib line and see if it bounces or breaks. Although it's very tempting to jump in at this price, a prudent approach should be taken and await a bottom, reversal and always time entry with the help of...
This is only my second published chart analysis so take this with a grain of salt. BINANCE:VENBTC has been following it's trend nicely and looks to be finishing it's consolidation. The only time that VEN looks to be breaking it's trend is when BTC runs or falls. I've noted the BTC korea FUD between 4th and 6th of JAN. We saw a similar trend between 10th and...
I suggest waiting for VEN to bounce off the uptrend support before entering ( 0.00048 area). This is what I consider a VERY safe entry, yes the price might not reach that area before it MOON but there's a very strong possibility it will.
VEN is very bullish, its respecting the trendline, bounced off the .786 FIB twice. The FIBS are adding up and I see a bull flag. Careful at the .70 - .75 area there is a candle that needs to be squared up. It will most likely rebound off that area. Anything over the .80 area becomes risky and if you arent an experienced trader I suggest taking your profit at the...
Cryptocurrency Market Capitalizations Rank 16 VeChain (VEN) VEN/BTC is forming a descending triangle pattern at this moment. If the thin yellow support zone could not hold, the possible price would fall into the thicker yellow support zone which is near Fib Ret 61.8% On the other hand Ichimoku analysis does not say it is bearish. It is because chinkou span...
On long term low upward trend line and bouncing off 200MA under 314 MA on 5, 15 and 30-minute charts MACD, Stoch and RSI all bottomed out showing VEN is heavily oversold and indication of bullish movement to follow MACD W shape showing strong indication of bullish movement to follow Elliot Wave 1,2,3,4,5 and A,B,C reversal cycle complete Fib from low of 16k...
Descending triangle indicating a continuation of the previous uptrend. MACD hinting upward movement. RSI trying to break the downward trendline. Once the triangle breaks on the upside, buying can be done at .00059000 with a conservative 10% profit target at .00064900. And a second target at .00080000 (previous resistance). Criticism welcomed!
VEN has a nice pitchfork going right now which should allow for some small swing trades. Watch for price to touch the lower bands for an entry and sell when it hits the upper bands. Also look for RSI divergences for either confirmation or signs of trend reversal.
VeChain - Boy i love you so much <3 <3 Ok. VeChain is a cryptocurrency that wants to incorporate Blockchain and RFID technology and apply these technologies into logistics and become a the key if not major supply chain blockchain for business and enterprises. This is a coin that I am absolutely extremely bullish on, but first we need to take a step...
Chart shows a bullish butterfly pattern. Price should rebound as soon as BTC makes that recovery and finds stability, following CME Futures Contract expiry (today 16:00 London time). VeChain just fell from an all time high and at an undeserved price. However, for us lucky investors, this is our buy opportunity. A buy under 60,000 is a crime for a coin such as...
Looking at the 1D chart we see a very similar setup to the last leg up with hidden bull divs. On the 4 hour chart we see the top of the Ichimoku Cloud acting as support with some sideways trading for the entire day. Next leg up could be starting very soon!
Following previous scenario, it looks like we now have a 5 wave correction down rather than an ABC. With the 5th wave down, there is a possible buy zone now identified assuming a 5 wave correction up (BZ1) Depending on risk profile, buy zone identified carries most risk but maximises reward - to minimise risk, optional buyzone identified at the base of the...
This is only a simple trend line analysis, expected target is above 0.001 Support is at 0.000600 Note: This is my first analysis + i am an amateur
Possible scenario for VEN showing a 5 wave impulse projection following an ABC correction down. Targets set at 81500 and 10500, based on Fib Retracement of previous 5 wave impulse adjusted for mapped resistance lines. However, this may be suppressed should Bitcoin collapse by the end of Jan (check my BTCUSD projection for this scenario). Opinion not advice ...