Hey All,
Hope all your trades are going good, VENBTC Long. Depending on BTC Trend; UP, Down or Horizontal.
Bullish sign will show higher highs and higher lows which is currecntly the case for VENBTC.
#Vechain is looking to breakout of the falling wedge pattern, currently retesting trendline as a possible support level.
MACD & RSI are showing bullish Divergences, indicating bears are losing momentum and price is looking to bounce off trendline support Level
MACD bullish crossover of the signal line.
Target 1: 49k sats
Target 2: 55k sats
Target 3: 62k sats
I called the bottom and new "BIG BUY" moment for Vechain in my last post on April 12th (with the actual bottom at 01/04). You can see my graph back then here below (you can also click on it to see how it unfolded until now):
For obvious reasons, I cleaned up the graph a bit and you can now clearly see 3 important points in the graph:
- Point 1: BIG BUY...
All parts of Single ichi setting bullish and all bullish on double settings except bearish cloud. Also support along the 50 MA and 100 MA. Placing stop close below the cloud.
Overall the market isn't looking too hot right now. Currently Ven is within the no-trade zone for me, with my expectation being a retest of the 0.382 fib and from there we can decide where momentum lies.
As we can see Ven has been on an upwards trendline ever since the lows of March.
Even with the recent BTC drops Ven has been staying strong and consolidating giving back very little gains.
My next entry will be around 0.0005 - 0.00051 Sats
This level has two concurring supports! 0.382 Fib level AND the TREND LINE!
Stop-loss we will give it 0.00002 sats to...
VeChain (VEN) is in an uptrend, a very strong one if you ask me. The Altcoins market entered a healthy and very normal correction and it is still within the consolidation phase of this correction, yet VeChain (VEN) wasn't really affected at all by it and it is now moving up strong within its established uptrend.
Let's join this uptrend and ride it up all the way...
Hey, I am back with another Technical Analysis , this time looking at VeChain.
I will just keep this one more simple this time.
Taking look at chart.
I have determined zone, where sellers were showing after run up, and than finding support here, currently this zone is a strong demand zone. Strong ressistance at 60,000 and support at 40,000, I see VeChain at...
VEN possible breakout on 4h chart , STOCH to be beaten or not ??Williams %R started wave ascending , let's see if we gain momentum and jump 10-15% short
Above I have outlined a cup and handle possibility with the handle retracing to 0.618 fib rather than 0.5 due to the volume and ichimoku cloud patterns acting as support during an upcoming correction. The bearish divergence on the RSI further adds to the upcoming handle. Two fib retracements show our next levels coinciding with the expected run we should get from...
Ladies and gentlemen,
Here we have an excellent range play from VEN. Buy near bottom, sell near the top. The range is between 48K and 60K which gives you a nice range of 50-58K of play. That is about 16% of profit and you can rinse & repeat until we break 60K. This should last for about 30-45 days.
The technicals behind this trade:
We are currently in wave...
VEN is forming a lot of good looking signals here.
1) Flag Pattern (continuation pattern) - broke out in the upside from the pattern confirming its direction.
2) MA on the 1 day and the 2 day are crossing strong bullish.
3) If using the HVF setup; it broke out in the upside for pattern for two different Targets to take profit out from.
4) Looks to almost be...
VeChain (VENBTC) is sitting between support and resistance levels and soon we may see a breakout.
If price rallies, we can expect it to reach the resistance area around 0.00063 before continuing higher.
If price reaches the support level around 0.0005 we may also see a rally up to the resistance level.
If we see a break through the support level, the next support...
