With Icon, there's a lot to be excited about in the near-future and if you don't know what I am talking about re: see Mainnet Launch + ICON Annual Summit + Release Candidate. However, what I have been watching closely is the ICXBTC resilience in face of this devastating crypto-wide sell-off over the last week. It has ran approximately ~40% since the lows of last...
Here's my idea for how I think VEN/BTC is going to go down in the near future. Please tell me if you think something is wrong.
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VEN projected level on BTC CME Futures on Jan 26...my two cents!
** If you haven't seen my last TA of VENBTC, please do ** My target of VENBTC was 64480 satoshis and guess what? It was hit! And now what's next for this promising coin? I'm liking these fans analysis, it seems to predict alright. On top of that, we are in a pretty nice Elliot Impulse Wave and if you look closely, the end of wave 3 was almost on top of 1/2 fan...
Ven is currently transitioning into wave 4; it has proven to move regardless of BTC price volatility... @juni04lancaster TV: BTCookieMonster
Hidden Bullish Divergence Vechain looks strong
VEN/BTC has gained nearly 74% from the triangle breakout on 6H graph on the left. We have two candlesticks that cannot break the Fib Ext 127.2% (0.00082018), therefore VEN may face a possible correction. When we watch carefully that these candlesticks also shown a support at Fib Ext 100% (0.00072183) With the help of ADX indicator: ADX line is still running...
VEN have partnerships with Chinese governmental institutions. Forget FUD this is real Chinese investment.
After the upcoming 15m retraction, I'm seeing we may go +9% tonight and into tomorrow. Over about the next 10-16 hours.
VEN is relentless, simply does not care about whatever BTC is doing.
VENBTC is inside a not-so-nice symmetrical triangle which means it will probably pop to 64480 satoshis in this quarter (VeChain is also going through rebranding so this can lead to a pump). I traced a parallel line of the triangle to measure the target as well as the 1.618 fibonacci level (which coincides). Not only that, look at the volume diminishing as the...