VeChain has created bullish AB=CD harmonics pattern. The pattern is used for both intraday and for longer timeframes. The point D signals a buy in the bullish pattern, which is identified anywhere between 127.2% and 161.8%. Since we had a reaction in the zone, the price is now on the move to the upside. The first level to look up is the confluence zone of...
Trying out longer timeframes. Hope you guys correct me if something is incorrect, thanks.
I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
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VEN vs WAN - The trend is your friend
Who cares who won both have outperformed many other ALTS by far.
I posted VEN for the win days ago. It seems to be starting its down leg 4 as that huge shooting...
Ven 0.00% currently sitting at the bottom of the channel which normally will result in a reversal.
On the 3H price and sentiment are currently positive and have found some support around the 23900 area.
We have a potential reversal signaled by a nice little hammer and solid bullish engulfment candle on the 1D.
Stop Loss set at 21300.
1st Target 33100....
The Garley technical model is being formed with VEN
Section XA formed in the bull market from 2500 up to 81368 sts
Section AB adjusts 61.8% to 32400
Section BC corrects 50% to 59000
And the CD is being formed with a target of 154% of BC, and is estimated at 19,300
We recommend trading in the following trading areas:
TP: 38000 (90% of profit)
I spent hours to count and recognise the waves, right now we are on wave b and soon should move to wave c and retrace.
I believe whales will push it hard to hit the bottom again and that will give us double bottom and confirmation of an uptrend.
Stoch is overbought needs to retrace
Macd: is slowly going down
Hope all your trades are going well.
It's all in the chart for VechainThor VENBTC.
VENBTC just made higher high within the channel.
RSI Level: Shows Oversold by a big margin.
Probability: 60% VEN go Higher with a 40% VEN go lower.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below....
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.