Long
Buy Opportunity Before Mainnet - VeChain [Bullish]
VEN/BTC -
Ven has had a huge bullish set up that sort of came out of nowhere, it hasn't had its huge run like other coins during this bullish period and has broken out of its falling wedge formation which was the first sign of a quality buy, it has from there started forming a massive inverse head and shoulders formation which it successfully rallied through the neckline on the 29th of April.
As you will see in the chart, we had a double top form on VEN/BTC which was also influenced by BTC's movements at the time, it has broken a minor support level at 52500 satoshi's and is now looking for support, I personally have a buy order for 50% of my order at my first plotted support zone around 48500 satoshi's which lines up with the previous resistance of the neckline.
My second buy zone for the rest of my order will be at 45900 satoshi's, I am confident we will see 48500 satoshi's and if my second order doesn't fill I will wait for a bullish engulfing candle on a key support level before re-entering with 100% of my order.
I am super bullish on VeChain over the next 8-10 week period.
Fundamentally we are looking good as mainnet is around the corner.
Dare i say this may be the last time buying cheap VEN before the mainnet hype to aqquire VeChain and receive Thor ( Residual Income Generation)
Ven has had a huge bullish set up that sort of came out of nowhere, it hasn't had its huge run like other coins during this bullish period and has broken out of its falling wedge formation which was the first sign of a quality buy, it has from there started forming a massive inverse head and shoulders formation which it successfully rallied through the neckline on the 29th of April.
As you will see in the chart, we had a double top form on VEN/BTC which was also influenced by BTC's movements at the time, it has broken a minor support level at 52500 satoshi's and is now looking for support, I personally have a buy order for 50% of my order at my first plotted support zone around 48500 satoshi's which lines up with the previous resistance of the neckline.
My second buy zone for the rest of my order will be at 45900 satoshi's, I am confident we will see 48500 satoshi's and if my second order doesn't fill I will wait for a bullish engulfing candle on a key support level before re-entering with 100% of my order.
I am super bullish on VeChain over the next 8-10 week period.
Fundamentally we are looking good as mainnet is around the corner.
Dare i say this may be the last time buying cheap VEN before the mainnet hype to aqquire VeChain and receive Thor ( Residual Income Generation)
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