Ven still hasn't broken its parabolic trend, see the log scale
Possible parabolic rise predicted with previous fractal pattern, rsi, and the parabolic support curve
Let me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
We are IN the buy zone NOW!
Key points:
1)VEN has a strong trend line that has not been breached
3)VEN has not made it's 5th wave up
Keeping in...
After posting the original on 1D, zooming in for a short term look on the 4h there was a downtrend with low volume however the bounce off the low should look to provide a lower support level if the higher support is broken. one thing to look at going forward is a bullish btc causing an overall alt spike that'll send $VEN above the ATH and crush resistance. For now...
Potential resistance break in early feb, strong reversal on one day but volume looks weak right now to retest the previous high in near term, possible consolidation period before testing resistance further down road
VENBTC currently is still trending upwards. A lot of support is present in the 50-56 range.
1. Old ATH: 54
2. Strong Trendline Still holds
3. 4hr Ichimoku Cloud still supporting.
4. 200day MA is right under the trendline.
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior...
INTERPRETATION
Support being tested. If no Price-Cloud bear entry & breakthrough, a short bullish run to occur. followed by sideways trading (confirmed w/flag/pennant) & then the start of Elliott motive wave.
CAUTIONS/CONFIRMATIONS
- Support testing & Price-Cloud movement will determine momentum.
- Recent T&K bear cross & Price-T&K both showing selling pressure
BINANCE:VENBTC is trading in a correction within uptrend. I see two options... There could follow a new low between 62K and 63K sat. If there will be a support confirmed, we could see new all time high at 114828 sat. If the price breaks 81678 sat resistance, it's heading directly towards 427.20% fibo extension (114828 sat).
Vechain is focussing on RFID and the blockchain, just als Waltonchain is. In my opinion this combination is golden and I am extremely bullish on any technically sound project in this category. The RFID market is extremely big and will only continue to grow, so there is ample room for botch Vechain and Waltonchain to succeed. In fact, I think it would be extremely...
When I check the daily chart I realize that the growth is very healthy. Ups and downs. There were 16-33% loss on the way to moon. Nothing wrong with this 27% loss atm. Still strong.
E aí, pessoal. Aqui é o Rafael, do Canal Crypto Growing.
Essa é minha visão na VeChain (VEN).
A VEN acabou de retroceder até o Nível 0.618 de Fibbonacci. Devemos ver um forte bounce testando os níveis de ATH
e em caso de rompimento, nosso Target será o Nível 1.618 do Fib.
Área de Compra (Buy-Zone): 0.00065 - 0.000675
Área de Venda (Target-Zone): 0.00081 em um...
