VEN Showing a Spinning TopWith BTC looking like it's about to retrace, altcoins are also showing some bearish signs. 4H is overbought on VEN + showing a Spinning Top. Looks like it'll dip and retrace down to the 0.5 Fib Level and get closer to the Ichimoku Cloud support.
VEN
PIERCING SUPPORT LINE - goind down from here.There's lot of fear around... trust your gut, mine tells me - were going down to next support level @ $2.13... I know - Im crazy.
VeChain Bigger picture Best Crypto project out there Vechain will get into top 5-6 before the mainnet, mark my words
Vechain: NEW EXCHANGE LISTINGS - PROFIT = 18.98% !!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 7st of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 18.98% PROFIT!!!
The increase in price may also be explained by positive developments including:
March 27: Tidex (cryptocurrency exchange) lists VeChain.
April 8: Vechain is recognized as APACCIOoutlook Top 10 blockchain technology solution providers in 2018.
April 10: VeChain announces a partnership with eGrid, a leading publicly listed ERP, SCM and CRM 0.76% solution provider to synergistically provide comprehensive blockchain technology backing for a significant portion of China’s automobile industry.
April 12: Vechain announces masternode selection process begins with total selection of 101 VeChain Thrudheim (Authority) Masternodes.
April 14: VeChain to further its partnership with RFID leader Xiamen Innov and newly announced top enterprise solution provider CoreLink by deploying a VeChainThor enterprise level decentralized application
April 14: Vechain is selected as one of the top 30 startups selected for 2018 LVMH Innovation Award.
April 22: VeChain announces it's Multi-Party Payment Protocol.
April 23: Vechain partners with INPI ASIA, the VeChainThor Platform which incorporates nanotechnology with digital identification to provide solutions to some of the worlds most complex IoT 0.00% problems.
April 28: Vechain begin testing compatibility of the VeChain Wallet for various phone models.
May 2: Vechain announces that public beta test is approaching. They aim to make their code base public. As part of this test they aim to bring on 100 community testers for our public alpha to work alongside cybersecurity organizations.
May 4: News sources state that Vechain mainnet expects to launch by the end of June.
May 5: PwC HK 8.10% is now in discussions with VeChain to provide trust based services on the VeChain platform. This will require the use of VeChain Tokens to access and perform transactions on the platform.
(NEW) May 10: Vechain lists on Bitfinex.
The general uptrend in the crypto markets, Vechain's listing on Bitfinex as well as the positive developments above have caused an increase in demand for the Vechain which has forced up prices.
VEN Swing Trade Back to March HighsConfluence: Horizontal R, 61.8 on ATH to Apr lows, and 38.2 of fib extension from initial cycle to Apr lows.
1st Target is a safe sell to partial TP at least. RIde the rest up to 2nd target.
VECHAIN [VEN] - Correction taking place. Best buy before MainnetHey Fam,
VEN has just completed its 5th wave up and is currently experiencing a correction. From the structure of VEN's Price movements I have calculated that the best buy before Mainnet will be at 48'000 sats. it may trickle a little below the 48000 sat price mark but pulling itself to stick to the 48k sat price is likely to occur before continuing along the diagonal trend line to help project it into the higher highs and the completion of wave 2. Geared up for a massive Wave 3 for Main net hype. Enjoy the ride!
Pretty confident on this 48k buy mark guys
- Husky
BTC DAILY MAY 9, 2018 Bull ContinuesBTC continues to advance in bullish moves and is now setting up to break through former strong support at 10,000.00. I look for BTC withing the next few days to break above and hold 10,000 then trading sideway for several days before moving higher to test the 11,480.00 level which is also former support turned resistance. I expect Alts to broadly follow BTC and continue moving higher also as this Bull market continues to advance. Look for leaders in the quality ALTS to remain strongest such as EOS, VEN, OMG, ADA, NEO, ZRX and other top 50 market caps should offer solid gains. Ethereum (ETH) will closely follow BTC higher also as usual I believe.
Good Luck and keep the stops set to protect your portfolio.
VeChain Upside potentialVeChain (VENBTC) has been consolidating following the rally from the last few weeks.
If price falls down to the support area around 0.0005, we can expect a new rally up to the resistance area around 0.0006.
Once price reaches the resistance area, we can expect a reaction to the downside from there.
If price breaks below the support area, we can expect the ascending trendline to provide some kind of support.
Good Luck,
CryptoTrendline
VENBTC Bullish ReversalTenkan-Sen (Zero Point Blue)
Kijun-Sen (Base hat, red) broke up under the price. We can say Weak. In addition, ChikouSpan (Delayed period curve-green line) shrank the price up the cloud. We can wait for the oscillators to break completely or make a fractional purchase for a definite confirmation. Lots of earnings.
Midterm HODL for VENVEN (VeChain) has a very strong chart showing. Recently it broke the Symmetrical Triangle towards bullishness and is now challenging the local 'Double-Top' resistance. If it breaks this, which seems likely, then we should see a rally up to the next resistance levels where it could retrace and find support on the current channel's resistance (turned support). Once we break that level, it's a clear shot to ATH. Seeing the history of this all, one can see that VEN is a very resilient coin, meaning their community has some pretty strong HODL hands. If VEN breaks ATH then a FOMO rally should set in that could see some pretty sweet gains. HODLing this position for a bullish Swing Trade.
[VEN/BTC] VeChain: MAIN NET APPROACHING!VeChain is another project that is creating a main net.
As you know from my previous publications, I'm chasing down projects developing test-nets/main-nets HARD.
Here is my BULLISH projection for VEN/BTC up-to the main net launch and what will follow after.
I've noticed a trend for coins, leading up to test-nets and main nets , where they completely obliterate large resistances.
This is why I believe that wave 3 will blow past the 2.618 fib extension.
I do believe that there will be a huge sell off after the launch of the main-net which is said to occur on or before June 30th.
This makes sense on the charts as well, because I believe that wave 2 retracement is very light, finding a lot of support at its last previous resistance.
Currently
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Market Cap Volume (24h)
$2,670,448,014 USD $137,417,000 USD
278,051 BTC 14,308 BTC
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Circulating Supply Total Supply
525,779,138 VEN | 873,378,637 VEN [ ] -Not bad
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VENBTC 6h chart expecting more to come from VechainAnother of my long term cryptos, VEN has been rising in value and market cap very steady and sometimes really bullish.
I'm expecting them to reach minimum All-time-high somewhere around mid May end of May well before the expected Mainnet launch in end of June.
The recent increase in value and market cap has to do with the recent announcement from the VeChain team confirming that public testing of the Mainnet is on and so far all good. If just testing gives this response, what will launch of the real thing do?
Why VEN is a long term bag for me? Well, business to business ecosystem more precisely read below:
"VeChain is the world’s leading blockchain platform offering Blockchain-as-a-Service to enterprises for products and information By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. Through effective collaborations, enterprises can enjoy the benefits of transparency and value flows at high-speed rates VeChain has evolved with multiple technical iterations and have amassed significant industrial experience in rolling out real-world applications since 2015."
- www.vechain.com
1. Big ascending triangle from a pretty long point of view
2. Expecting a downtrend to 0,236
3. Assuming a big support near the 0,236 fib
4. Trying to combine big range triangle with short range Fibonacci retracement since I usually work in 6 or 4 hour chart. I want to get a long term and short term point of view in this chart.
VEN - Poised to go lower for the short-termBitcoin is pumping at the moment, but to be fair the indicators were already signaling a reversal and it was in a rising wedge. Look for a pull back in the short-term.
Vechain would probably resume its uptrend again...Technical analysis:
VECHAIN/BITCOIN is in an up trend and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 71.
Trading suggestion:
The price is in an up trend, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.00042 to 0.00032), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00042)
Ending of entry zone (0.00032)
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 "Valley" , 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:
Take Profits:
TP1= @ 0.00051
TP2= @ 0.00062
TP3= @ 0.000815
TP4= Free
Vechain would probably resume its uptrend again...Technical analysis:
VECHAIN/BITCOIN is in an up trend and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 71.
Trading suggestion:
The price is in an up trend, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.00042 to 0.00032), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00042)
Ending of entry zone (0.00032)
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 "Valley" , 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:
Take Profits:
TP1= @ 0.00051
TP2= @ 0.00062
TP3= @ 0.000815
TP4= Free
VECHAIN (VENBTC) - POSSIBLE MOON TRIP?Welcome everyone, hope you all are doing well. Let us look into another trading opportunity.
Vechain is another great project which has been moving up gradually lately. We can see a Cup and Handle formation on daily chart. Let us see what does the indicators say.
INDICATORS:
Moving Average is curving upwards
RSI is showing Bullish momentum.
ADX and DI are giving Bullish signal.
MACD is showing Buy signal i.e Bullish.
A closer look:
POTENTIAL TARGETS BASED ON FIBONACCI LEVELS:
50.8k
56.7k
62.2k
70.9k
81.6k
Also note that, price movement of BTC will also affect the price of VEN. So, keep an eye out.
P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk.
Those who wish to achieve greatness,
never seek for permissions.
They follow what their heart says,
and do what their mind states!
Good luck trading.!
Peace.
VEN breaking out of bull flag - but where's the volume?VEN breaking out of bull flag - but where's the volume?