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VEN

VEN/BTC looking for a bottom!Hello everyone! So after hitting TP1 netting us a quick profit, VEN started getting denied by the resistance I charted out in the older VEN/BTC chart, VEN went downwards and broke the up trends support + ascending triangle pattern. it is overextending on its downwards move compared to the previous moves down indicating this could be: I) the bottom because it's hitting a strong support it climbed up from before without significant drops below it. II) downwards trend going to continue after a short bounce upwards to consolidate. Both the scenarios are trade opportunities but trading a downwards move always brings more risk compared towards trading an upwards move. So, for this reason, I am giving you this chart and my thoughts beforehand but for the new traders among us that aren't able to act on a trade that is heavily reliant on the upcoming price action I will not yet release a buy/sell signal UNTIL we have more price action on the currently drawn supports. This is because I want to lower the risk for inexperienced traders and not put you in harm's way by just following what I state in the charts. An update will follow with a simple signal! as always, Happy Hunting! All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions. I will not and cannot be held liable for any actions you take as a result of anything you read here.
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by FinanceFox
Vechain still in ABC correctionVEN has left the rising channel after finishing a 1-5 move. Since the end of January it has been going side-ways and although we have retraced somewhat, I do not think that this is the end of it. Building up to the upcoming rebranding I think we might see a minor move up towards B. But noticing the strong decline in volume since December, I think that the rebrand will not necessarily lead to a strong move upwards. With these sideways movements the indicators also don't really provide strong signals, but I rather believe that more correction is due instead of a new full wave upwards. So I might start taking some profits in the next coming days.
VShort
by heiders
VEN/BTC Trade Example - What to Look For In an Oversold BounceWe love it when prices are going up but what if when prices are trending lower. Can you profit from that too? Well, let's take a look. When prices move lower rapidly and the indicator(s) gets oversold, some of the best rallies occur when they bounce back. These trade opportunities are the so-called "oversold bounces". Usually, these oversold bounces can be very lucrative to take advantage of when you can trade them actively and manage your risk well. There are a few ways to trade oversold bounces but here is my take on how to trade them with a recent trade example on VEN/BTC (Binance) On March 1st and again on March 3rd VEN/BTC got oversold, meaning the hourly RSI was < 30 (25 and 21) after being on a downtrend for several days: As you can see, both bounces had a significant move up (about 14%). But what's interesting is that the second bounce had a (bullish) divergence on both the RSI and the MACD, after prices made a double bottom, which usually signals a reversal as well. So in this instance, you had multiple signals an oversold bounce is likely to come. But why at these levels? Is there are a reason why VEN/BTC did bounce on these two levels so significantly? Well if we take a broader look at the 4-hour chart: You can see that these levels where previous (support) areas where VEN/BTC have bounced from previously as well. So in summary, what to look for when trading an oversold bounce: 1. After a runup, prices have retraced and are in a clear downtrend. Also, haven't touched or reached the (50) ema for quite some time. 2. RSI indicator < 30. Usually the lower the RSI, the bigger the expected bounce. This is why I prefer an RSI < 25. 3. Ideally, you want prices to be at or close to (key) support levels. 4. And if you have a (bullish) divergence in the RSI and/or MACD indicators, then your chances of success will increase significantly. And as an extra bonus, you can look for double (or triple) bottoms which is an indication of a trend reversal. Also to take into consideration is the timeframe and the market cap of the coin your trading. When using longer timeframe you can expect bigger moves/bounces but it will take longer to reach those levels. And as with the coins market cap, prices of coins that have a large(r) market cap tends to move less and slower compare to smaller cap coins. This way you can change/set your timeframe accordingly. So for instance, smaller cap coins they usually tend to move more and faster so therefore you can get a good trade or return on a relatively small timeframe, e.g. 15 min. Conversely, it's better to trade in a longer timeframe when trading a big(ger) cap coin cause they tend to move less and slower. This way you will have a better chance of being in a trade with good enough room for profit, especially with the big(ger) cap coins. So in this case, size does matter ;) If you found this post informative and helpful, please give a like and or share. Leave a comment if you have any questions. And until next time, good luck with your trading!
VLong
by Trade_Masters
2
VENETH: A reality check for the coming weeksFor anyone following the price of VeChain since the rebranding, it has been a sobering experience. The hopes and dreams of that trip to the moon turned into a rather damp squib whereby the price traversed sideways before falling near day-on-day. I have created this incredibly simple chart to show how far this fledgling coin has come and to hopefully restore some faith - if nothing else then to serve as a reality check. We haven't even retraced back to the 50 fib yet, let alone the 62. In the days and weeks to come, expect some downwards pressure and increase you're stack if you are able. This coin is one for the long hold - don't get too depressed and overcome with FUD in the short term. TT
VLong
by ToxicTool
STILL have to CHILLBy Trend, Fib Retracement and Fib Trend base time. Chart is pretty nice and simple. VEN might just hop arround the 0.5 line to the yellow target then go up from there. Most likely it will go to the 0.616 at the orange target before heading up hard. Basically chasing the Yellow Line (true value). So the deeper it goes the harder it'll grow. This is a mathematic projection base on it's history, but like life, nothing is for certain. Will see if things work out Fibonacci way.
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by JTN-BTC
WATCH-OUT for the BULL TRAP!!!VeChain now rebranded to VeChain Thor. Know as VEN now is changing to VET It is one of the most promising project in crypto presently. Which is why it grew from 2,200 Satoshi per coin to 81,670 in as little as 53 days. If you do the math, that is more than 36 times gain (+3600%) in less than 2 months. It ended the run on Jan 21st. Because of the tremendous hype behind this project, during it consolidation, it never retested the orange downtrend line. This result in a gigantic bull trap which is still on. You can see it retested the initial red downtrend line and passed that, so we are never going back down there but we are most likely to run into the orange again before we see any serious bull action for VET. This will also coincide with the WYCHOFFIAN METHOD. Destination GREEN TARGET, worst case scenario is RED TARGET. Have fun.
VShort
by JTN-BTC
4
VeChain (VENBTC) - Falling wedge I am still new at this. The dotted line is an estimation of the longterm trendline for VEN. It seems like the overall pattern is a bullish one, and there was a huge selloff after the rebranding announcement. The decrease that has ensued seems to be taking the shape of a falling wedge, which is bullish according to my understanding . RSI is quite oversold, suggesting that it may soon be time to reverse. However, a "death cross" of the short term (50) and longer term (200) EMA's seems to be imminent - a clear bearish sign. Given the compression in that wedge, I imagine we are looking for a breakout in either direction shortly. The red horizontal dashed line is the price at which the last bounce occurred on February 6, so it will hopefully be a site where action may take place, and give us an indication of the direction. I am quite interested to hear anybody's thoughts on this idea.
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by jamey5k
TA on VeChain ($VEN)VeChain ($VEN) got dumped from 60k sats to around 45k sats after the rebranding event. This is pretty normal because people buy the rumours/news and sell when the event happens. However, i think $VEN is finding support at around 45k sats based on TA and previous support point. But there seem to be alot of bagholders for $VEN and potentially it might go lower and hit its key support line at 37k sats. If it drops to 37k sats, i think it will be a very good entry point with good reward:risk ratio. However, i think entry point would be between 37k sats (Safe) - 45k sats for $VEN if you want to enter during the dip now.
VLong
by Trader_hao
1
Ven at a new low channel 37/47k satsResistance on VEN is now at 47k resistance chanel , support is hovering around the 34-37k... if it blows below this figure there will be some VERY cheap scoop ups. VEN/VET itself is still a VERY strong project and needed this realistic price correction to shake some weak hands and bring it back down to earth. It has seen a moon shot for over 2 months. I have no doubt it will pull back in June with the MasterNode release. But for now, here is to buying bags of VEN at a never to be seen again price :)
VShort
by CapFive
VeChain At The Key SupportVeChain has reached the all-time high at $9.6, after which it corrected down to $2.6, losing 73% to the USD. Price failed to break with confidence below 61.8% Fibonacci retracement levels at $3.8 and below the 3/1 Gann Fan trendline, although it produced spikes lower. After reaching the low at $2.6, VeChain recovered reaching the $7.1, and managed to break above the 61.8% Fibonacci retracement level, suggesting the validity of the uptrend. But now, VEN/USD is trading at the key support area, and the daily close below $4.7 would confirm the support and the Gann Fann trendline breakout. In this case, the price is likely to move down once again towards either $3.8, $2.4 or $1.27 support levels.  However if VeChain will avoid daily close below $4.7, the price could continue moving higher and potentially hit the $10 psychological resistance level. In any case, the major trend is up, but the risk of further correction down remains.
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by CryptoPAMM
1
Vechain is probaly going to correct moreSo its almost the 26th feb and vechain is going to do a rebrand event. We execpted hype but it looks like we are still in the B wave. Its possible to go higher because we get closer to the date. If we get higer i will sell some VEN not all of it i have some long term but like 35% is nice it depens also when you bought it. Wait for it to go lower, 3 dollars is a nice entry because the mainnet will launch in Q2 and people buy and hold their coin because they give thor. if the first blue line breaks we confirm the C. Also the weekly RSI is overbought.
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by wilcohalo1996