Long
VEN, ready for take off
Updated
I first noticed VEN when binance announced their promotion. After reviewing this coin, I have decided to enter at a favorable position. Its got all the green flags you need in an altcoin, and the potential for its future is immeasurable.
Fundamentals
Take a look at this article ( steemit.com/iot/@neo12/top-eight-reason-s-i-m-buying-vechain-ven-vet ); it lists 8 bullish signals.
With the Binance promotion, there will definitely be a lot of volume in the upcoming days!!
Technicals
MACD has the fast line crossed and speeding upwards
There are high buying volumes recently (4h)
If it crosses the triangle, the sky's the limit as there are no dynamic pivots we should watch out for
Entry
0.28 - 0.3186 (Triangle, dynamic pivots, and VPVR line)
Stop loss
0.2242 (The next dynamic pivot, and the end of the ichimoku cloud)
Targets, based on Fibonacci retracement levels (7% margin of error)
1. 0.3915
2. 0.4601 (ATH)
3. 0.6582
4. 0.9787
5. 1.2992
Fundamentals
Take a look at this article ( steemit.com/iot/@neo12/top-eight-reason-s-i-m-buying-vechain-ven-vet ); it lists 8 bullish signals.
With the Binance promotion, there will definitely be a lot of volume in the upcoming days!!
Technicals
MACD has the fast line crossed and speeding upwards
There are high buying volumes recently (4h)
If it crosses the triangle, the sky's the limit as there are no dynamic pivots we should watch out for
Entry
0.28 - 0.3186 (Triangle, dynamic pivots, and VPVR line)
Stop loss
0.2242 (The next dynamic pivot, and the end of the ichimoku cloud)
Targets, based on Fibonacci retracement levels (7% margin of error)
1. 0.3915
2. 0.4601 (ATH)
3. 0.6582
4. 0.9787
5. 1.2992
Note
Targets, based on Fibonacci retracement levels (7% margin of error) 1. 0.3915 *** REACHED ***
2. 0.4601 ( ATH 0.55% ) *** REACHED @ 0.4492 ***
3. 0.6582
4. 0.9787
5. 1.2992
Trade closed: target reached
Bitcoin rally to 25k
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