VeChain (VEN) - Rebrand w/Profitable Wave [Feb2018]INTERPRETATION
BINANCE:VENBTC upcoming rebrand later this month may result in a profitable bullish run. Note that the mainnet is set to launch in June. Disappointed investors expecting the mainnet launch may decide to sell. In the short analysis, investors can still catch some short-term profit gain if the 3rd Impulse Wave holds true (target @ ~68600).
*Note: personal knowledge of the VEN project is not as strong as others; please research & do your due diligence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull position
-upcoming rebrand
CAUTIONS & CONFIRMATIONS
-RSI heading towards overbought
POSITION
Entry @ 60400
VEN
VENBTC Bullish - 98% ProfitHey Guys:
BINANCE:VENBTC is our next coin of discussion.
Looking at the 1D chart on the left, it appears that BINANCE:VENBTC has reached the bottom of the correction.
Entry Point:
No surprise here, we're gonna want to get in between the 0.236 and 0.382 Fibonacci levels.
Should we fail to break the resistance around 0.0000615, look to set a buy order around 0.00043.
Target Points:
(1) 0.00073007
(2) 0.00082318
(3) 0.00091628
(4) 0.00104883
(5) 0.00121768
Stop Loss:
Look to set a stop-loss below the Fibonacci level that you entered the trade at. I will post an example once a position is entered.
Indicators:
1 Day
Fibonacci
The Trend-Based Fib Extension to gauge potential support/resistance levels after we've gone through a correction of the previous trend. This is where the price points are taken from.
Moving Averages:
The 50-period MA (blue) supports a strong uptrend over the past three months.
We should be fearful if the 20-period EMA (Orange) crosses below the blue MA.
Sniper T3-CCI
We will wait for two or three candles to close above the line. This event will confirm the bullish trend.
4 Hour
Fibonacci
We use the Fib Retracement tool to show the inner support/resistance levels that lie between those Fibonacci levels on the 1D chart. For example, we can see that within the 0.236 and 0.382 Fibonacci levels on the 1D chart lives two additional resistance levels; 0.00062273 and 0.00066825, which are shown on the 4h chart.
Moving Averages:
The orange line crossing above the blue shows an uptrend.
A good idea before entering a position may be to wait for the Golden Cross . This would greatly confirm the bullish trend.
Sniper T3-CCI
It would appear that we are due for a correction from the current uptrend. A healthy retracement down to the 0.326 Fibonacci level would promote a healthy uptrend afterwards. That being said, just because it has been above the line for a while, it doesn't mean that it must fall. So, we will want to monitor this as time passes.
Summary
I know this is a lot of information but it's what I'm taking into consideration before entering my position. We will adjust along the way.
Good Luck!
-Matt
VENBTC - Symmetrical Triangle formingAt decision point on 50 MA, RSI nearly 'oversold'. Looking for a 12345 correction from the symmetrical triangle pattern.
Possible breakdown to previous trend line as shown, reaching the 261.8% FIB.
Look for confirmations on lower time frames.
VENBTC
Symmetrical Continuation Triangle, bounce down expectedGiven we are in downtrend, I expect it to hit the upper side and bounce down then keep going back down.
Triangle is quite valid, was hit many times.
Continuation triangles are known as continuation as opposed to reversal patterns. The bigger trend seems to be down. But then again, do we take 2 months or 1 year as the grander trend?
I guess we will find out.
A great buy trading opportunity comes for VENBTC. Catch it!Technical analysis:
.VEN/BITCOIN is in a range bound and beginning of up trend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
.The RSI is at 54.
Trading suggestion:
Price is in the support zone (0.00051 to 0.00042), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.00051)
.Ending of entry zone (0.00042)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.000628
TP2= @ 0.000815
TP3= Free
VeChain (VEN/VET) ready for another bull runVeChain BINANCE:VENBTC looks good and bullish as it broke out of its consolidation triangle, did a successful re-test, and now is heading back higher on strong volume. This is good confirmation of the trend-change back to the upwards and would be a good time to get in.
VeChain also has a PR/rebranding event scheduled for February 26th, so I imagine we will see a run-up to that.
My technical analysis timeframe is long-term.
This is not financial advice and is my personal opinion.
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VENBTC do NOT miss this rideVEN rebrand on the 26th, Chinese New Year week ends on the 23rd. Correction almost finished.
Don't miss this ride: T1 0.0012 BTC
VEN/BTC 4H Chart, NEARLY READY! Plenty of upside here $$After a nice and long run up VENBTC has sold off and come back to test its 200 EMA on the 4H Charts. Now back above its 200EMA (The Green line) its rallied up above the 0.000568 resistance level (The Red Line), and then pulled back to test it and the 23.6 Fib Retracement (The overlay also a red line).
While rallying up its corrected the order of the EMA’s for trend, 20 has crossed above 50, which is above 200, which is a Good time to buy.
I have a decisive buying bar setting up and I will buy the break of the high of that bar as long as it closes above resistance at 0.000568 (The Red Line) I will watch it carefully to make sure it takes out the recent high. Its an early resistance level that needs to be beaten.
Entry: 0.000594 (providing this bar closes above 0.000569
Stop Loss: 0.000552 (Bottom of the bar)
Targets: 0.000636, 0.000701, 0.000750 (The Black Lines)
If you want to make dollars your decisions need to make sense.
Follow for more trade ideas I will be posting another buy opportunity today.
Vechain looks to break out of descending wedge.To preface, I am long on Vechain. However, it looks like it is going to break out of this descending wedge by Monday, February 19th. As you can see we had the same set up a few days ago with low volume as well.
VENBTC Buy opportunityBuy under 0.00052. Seems like VENBTC (Vechain) is breaking out soon, perhaps in a few days time. VENBTC rebranding event this month would serve as a catalyst for the breakout as well. Profit target will be a little under 0.00090.
Vechain: What to expect given the upcoming rebranding (on 26/02)In my previous post , I highlighted the strong support line for Vechain in the VENETH graph:
That support is still intact and we are still trading quite close to it. For those who wish to open a longer term position in "VEN", this is likely a decent entry point, especially given the fundamentals going for it (do visit my website for a fundamental take), and definitely our Tweet reply to "The Coca-Cola Kid" (renown market forecast wizard).
Looking at the VENBTC chart, we also see strong support in the large triangle formation , which is about to approach on its limits. Note that the chart is not drawn in regular candles, but in Heikin Ashi candles . If we look at the last candle stick on the 4-hourly (graph below), we see it is a “doji” stick (which means that the open and closing price are virtually the same, and that there is only limited movement in low/high). This doji candle is typical in Heikin Ashi charting and most of the time means one of two things: 1) pending trend reversal (note that we are talking about the 4-hourly chart, and you can see in the previous trend reversals in the downward channel that you get some green candles but not like a butload). 2) The second possibility is “indecisiveness” of the market. (by the way, at the time of writing, the doji was red, but now upon publishing turned green already).
I believe this one likely hints to some upside in the short term onto the moment where we hit the upper triangle resistance, somewhere like 14/15 Feb.
After that it will likely test support again before the uptake. But that is only if we look at the 4 hourly. If we look at the daily, we simply see red candles moving downwards . They will likely test support, and I don’t expect VENBTC to go much lower, given the pending rebranding on 26/02.
Now, we also see a second triangle formation in pink, which could contain price movement a little bit longer.
A rebranding typically goes hand in hand with some nice price pumping. Ven’s rebranding is scheduled for the 26/02 (although there have been hints that they might postpone it because of the bearish sentiment currently in the market).
An additional indicator can be found in the MACD , which is taking its time to reach a bullish cross, and which might be feasible by the 26th if we would extend the red and blue line (see section under the graph, blue should cross red with blue coming on top).
Conclusion:
Of course you would prefer to get some clear advice on BUY or SELL. But the chart is not giving us enough information to confirm any stance. The only thing we do know is that Vechain is a cryptocurrency with solid fundamentals and with an upcoming rebranding. A bullish cross in the daily MACD is in the making and could well support a nice pumping in the next few weeks. If the triangle formation breaks out upward and is confirmed , we will have more reason to see this one go crazy. In the meantime, if you would like to buy into VENBTC, this is a nice entry point given the current strong support levels. Maybe a sidenote: if VENBTC were to postpone its rebranding, this might turn the story upside down and result in some more downward price pressure. Otherwise, best to stay a bit on the sideline and/or if you wanna make shorter term gains, maybe not the best place to be looking (unless white triangle figure gets broken).
Just my five cents for the moment, updates will come!
VEN Breakout - Elliott WavesVEN just got done with a standard 5-3-5 ABC correction. Wave 1's impulse wave up was confirmed with Wave 2 ending at the .786 Fib level.
VEN in bullish pennantMacD is about to reverse to bullish indication v soon on all of the hourly charts. On the daily chart, looks like a day or two of bear or sideways trading, and then a very good rally. I'll come back and update when we get closer to the breaking point.
VeChain (VEN:BTC) breaking off of bear EWC pattern! (Read Desc)VeChain is a very strong project with support from many major fortune 500 companies and government entities.
By the end of February, VeChain's rebranding to VeChain Thor will be met with a period of bullishness which adds to this projection.
Best of luck and make sure that you are practicing safe trading techniques :^)
VEN ABCDE Correction Before Rebrand Bull RunGo easy on me guys, this is my first published TA!
Still going through ABCDE correction.
Rebrand event coming up on the 26th of February, looking for a run up the week prior.
Dependent on what BTC does.
Entry: 38k - 46k
Tarket 1: 75k
Target 2: 82k
Tarket 3: 96k