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VENBTC

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
VEN: Is a Bounce Imminent? VEN is currently riding the support I have been calling for. The RSI sits in the overbought zone, and the MACD is currently alerting me that we may be at the bottom and turning upward. These signs both tell me that a bounce may be coming soon, but the lack of volume has me concerned. Right now I think it is a real possibility that this level breaks down and we test levels closer to the low reached after the ATH around .00044. VEN is consolidating at this support level and we appear to have a bit of a wedge forming. This is a continuation pattern, pointing down down down. If the current suppport level fails, and the .00044 level fails, we will be looking at a full retrace of the ATH. While we are seeing bullish signals deveolping, until we see green volume increase, it is going to be best to wait patiently for a confirmation of action. We are in a mode of reacting right now. If the volume spikes green, we react and look at the possibility of going short-term long to the bottom of the blue wedge. If this resistance level holds, we patiently wait and read what the charts gives us. If there is breakdown to lower levels, we again wait to see what the chart is telling us. I am hodl-ing a small stash off any exchanges for now, and may accummulate a little more for the long-term at these levels, but I am not actively trading until this unfolds and becomes a little more clear. Fair winds and following seas, Catain Holley
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by chrisholley23
1
VENBTC bounce & re-entry areaVEN/BTC is currently on a short term downtrend. The 4h chart shows a bearish cross of the EMA and a growing sell volume. The smaller pennant has been broken. The Chart is now heading towards a small rebounce area (in/above the green box), RSI is already oversold. Long term we are still in a bullish trend, longs at the blue box (stong support zone, daily trend support) may be a good call. If we close a candle below the daily trend support and break the greater pennant, ist probably a good time to go short.
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by Altcoincon
Vechain – 3 days before the big dayLet's have a look at this crazy graph, in our great expectation of Monday 26/02 - rebranding day! In my previous posts I called the first buy and sell moments in 1 and 2 respectively. Then we got to the end of the white triangle formation with all indicators going for it, Vechain broke out. It moved right up to breaking out of triangle number 2. (I made the post there of " Strong support for Vechain Thor" . And it is now very close to its rebranding moment on 26/02 (Monday). This is a Heikin Ashi chart. And as you can see in the last three candles, the dojis and spinning top tell us that there is lots of indecisiveness now regarding where price should go next . This is actually a bullish sign in this case, because the entire crypto market is shaking on its foundations again the last couple of days, with Bitcoin retracing from its almost uber-bull break-out, for which we’ll just have to keep waiting a little longer. So, the market goes down, and Vechain is consolidating at this new price level with no clear direction yet. If we look at the stochastics , we see a bullish cross in the MACD and all the bullish momentum that still has to come from there. The RSI is showing slight upward momentum. Volume is halting a bit… VEN rebranding day shall have to tell us more on the next price movements. But given that the rumours go that they might perhaps announce a BMW partnership together with their rebranding, maybe this time the old adage of "buy the rumour sell the news” might maybe be “buy the rumour and buy even more on the news” - that is: if Vechain indeed would play it clever on rebranding day. Notice that Vechain is also actually trading in a shorter term upward trend channel. Support levels are at - 52922 sat, and 51522 sat - Next support at 45110 sat, and 42278 sat Resistance at - 58409sat - 63896 sat Good luck and have a look at my website where I also explain the fundamental story behind this gem (7 reasons why vechain will soon be one of the crypto top 5) ;-) This is not investment advice, DYOR
VLong
by A_Cryptastic_Mind
6
ASCENDING BROADENING WEDGE - BULLISH DIVERGENCE! VEN -> 2XWith rebrand coming up in less than two days, VEN is looking incredibly sexy. VEN is currently in an ascending broadening wedge, looking to test the support line in the next couple days. The OBV is testing support which has been holding in a solid uptrend. We are also seeing a bullish divergence in the OBV, another buy indicator. A bounce or false breakout is likely at this point. VEN is looking to 2x by April. It's been one of the few big winners of 2018, and I don't see any reason for it to stop. Look at the target zones. I would still wait to take a position until we see it bounce. Put a stop loss just below the support trend line at your entry point. Also, let me shill real quick. VEN's fundamentals are amazing. Put your money where TA and fundamentals agree.
VLong
by intgsull
VEN Preparing for the MOON!!Here we are for the update on VEN! So far things are shaping out perfectly as anticipated. The rising wedge was a little more restricting than anticipated, but you can see the breakout, coupled with a high volume *circled*, rapidly plummeting RSI, and bearish divergence all confirm that VEN will continue dropping down to the anticipated support line. This support is formed by the 78.6% retrace of the original pump back in the third week of Jan. Currently we are experiencing support at the .00052 level, but I do not expect this to hold for long. We may see a small bounce, or a small consolidation here, but I would expect this level to continue falling. This is not a strong enough support to hold this level. Even as I type this VEN is dropping lower. If/when we get down to the 78.6, I believe we will see a developing inverse H&S, as shown in purple. The target for this H&S sits around .00081, which just so happens to be right at the all-time high. Let's continue to monitor and see how this plays out! Any and all feedback (including tips) are appreciated! BTC - 14WRSvZ8uBapqS81WeRwnqmjNJ7iYUR2sD ETH - 0x88e544d0493EaFb9fEaC33FB4b60A8007435a403 LTC - LW1ixkVoFcwKWPdsZbDhDfHToaMHTs2sr2
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by chrisholley23
VEN BMW Rumors persist, Is it about to go Crazy?Hello Followers, Is this a big one, too early to be sure, but we need to watch. Wow what a spike down and bounce on VEN among rumors of a deal with BMW. I trade charts and not so much fundamental but you can't deny the fact that is this fundamental information is authentic then we need to ensure we have our eye on the prize and be ready to enter and catch the move. You can see the previous hourly bar HIGH 0.000615 and LOW 0.000521, was a massive spike and bounce. As technical traders its important that the price closed and the next bar opened on the 200EMA. The favourite bounce area for me. The current bar is the kind of decisive buying bar we love to enter on, and if it closes at such I will have a SMALL STAKE on VEN. In this trade I will get my Stop Loss to Breakeven as QUICKLY as possible and will watch the market live as much as possible. If the bar stays the same I will buy at 0.000599 or above Stop Loss 0.000569 Adjust higher as trade advances Targets just before my blue lines 0.000617 Target 1 0.000700 Target 2 0.000763 Target 3 0.000814 Target 4 More to come on this trade, I will keep you all updated. If the rumour proves untrue we could see a sharp sell in VEN, and need to be prepared for this Daily Quote Enjoy! "Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
VLong
by DollarsAndSense
9