VEN/BTC @ BINANCELooks like VEN entering into the 5th impulse wave and going to target ATH @ 117679 (90% Profit)
VENBTC
VEN/BTC Buy opportunityWith BTC having a correction that might be ending soon it is time to fill our bags with some goods.
Vechain is looking real good
it's forming a falling wedge and the rebranding on the 26th February could be the catalyst for a break to the upside
a break of resistance trend gives us a buy opportuntity
TP1= fib level
Good luck!
VeChain analysisVENBTC is in a pennant and close to support. It will likely test it again before going up. If it breaks, it will retrace to the next support line, where I'd recommend an entry.
RSI supports upwards movement.
Remember to set your stoplosses when you enter: markets can sometimes be irrational.
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LTC: LfbKuDHZaDTRUV9pXJuWCUcG14XLrGtBcs
Feel free to ask me questions or to ask me to perform my analysis on a coin of your choice.
Happy trading!
Vechain VEN looking for double-top breakout potential.VEN needs to hold support AT or ABOVE the local 618 FIB to pop-off onto the short-term 1.618 extension.
If support isn't made AT or ABOVE the local 618 FIB, then we can expect the retracement negative-momentum to continue as we move towards previously untested levels of support.
VeChain (VEN) Breakout | BinanceVEN has successfully broken out of the downtrend.
Our previous trade is still valid and the long term support trend is still intact.
Here is the trade we shared on Telegram on the 21st of January:
Buyin Range: 0.00038BTC - 0.0007BTC
Sell Targets:
Target 1 ( 45% - 162% profit): 0.000996BTC
Target 2 ( 113% - 293% profit): 0.001496BTC
Target 3 ( 170% - 399% profit): 0.001896BTC
Fundamentals:
- VeChain rebranding event will occur on Feb 26th, 2018, in Singapore: twitter.com
VEN break outVEN has successfully broken out from the short term down trend. Long term uptrend support is still intact. Heading toward new ATH
VECHAIN: HODLER MINDSET CASESTUDYI am officially raising the banner of secular bear against Vechain, meaning there will be more sellers than buyers in the coming price action cycle.
I have laid out on the chart above my plan of action to slowly accumulate this cryptocurrency. This is what contrarians do: wait for the wash trades to play out, while timing tiering buys on the low end. I see a path for Vechain to break a downtrend in about April, barring a total crash in the mid term, or an acute price breakout higher in the short term. This is a wild one with a ton of good press but the possibility for seemingly done-deals to break apart. That would be a total disaster for the price movement.
In this way, I predict investors to make an orderly exit and capitalize on the current hype train, selling large amounts of VEN to small investors; a net negative for price. While this hype train begins slowing down, I will be waiting at the next train stop with bid orders placed in total composure. This is what I do in all trades. I do not chase after the train. If I am totally wrong on this one, then I will change the analogy to one about me missing the boat. Fortunately there are many fish in the sea and VeChain is just another fish.
Furthermore, I will continue to read the paper - as I wait for this train - looking for headlines such as, "DNV CL and VeChain Set New Standard for Supply Chain Management" or, "DNV CL Delayed In Switch Over to Blockchain Logistics Ledger, VeChain." This will guide my projections going forward. Follow this post for updates.
In short, I like VeChain and see the potential; but am not desperate to ring out what is left in the hype. For instance, it is clear that investors dropped their bags at the door before the January 24 press conference, as is seen on the chart above. This is the news that was released on that date: cdn.vechain.com
On the other hand, we have the traditional b*llsh** going on over at the VeChain Reddit echo-chamber & "crypto"-community (crypto as in secret-Whale sellers creating bullish hype while cashing out). www.reddit.com
Some exuberant users are calling for the current price of $6.00 to move to $100 by year end. This is quite a claim, an often spouted HODLER talking point and a seldom seen fortuity. After reading the post above many might conclude, "Hey, might as well put in a few bucks," but it takes more than a HODLER's talking points to get me involved.
I will be following this proposed trade closely as a continuation of my former short call chart, which I absolutely got BTFO on. I have a feeling my predictions will be accurate going forward as I figure there is plenty of air on price for the low end. I like being the lone trader calling for practical price action after a major pump, rather than the dumbo with a few bullet points calling for an immaculate high. We'll see who is prudent.
I recommend no action on VeChain as of 1/30/2018.
Disclaimer: Do not take this as a competent or sane rambling. This information is not to inspire any action, whatsoever.
VeChain VEN BTC Forecast - Seeking EntryVEN chart showsa complete Elliot's Wave followed by an ABC correction. Price is moving towards the 0.786 Fibonacci line at 54,500. One should await a test on that fib line and see if it bounces or breaks. Although it's very tempting to jump in at this price, a prudent approach should be taken and await a bottom, reversal and always time entry with the help of indicators including MACD, volume and RSI (40 slightly oversold).
This is not an investment advice, always do your own research.
$VEN looking to move -50%-60% Target This is only my second published chart analysis so take this with a grain of salt.
BINANCE:VENBTC has been following it's trend nicely and looks to be finishing it's consolidation. The only time that VEN looks to be breaking it's trend is when BTC runs or falls. I've noted the BTC korea FUD between 4th and 6th of JAN.
We saw a similar trend between 10th and 17th of JAN, before the massive jump from .0004 to .0008.
Disclaimer: Past performance is not a reliable guarantee of future performance -- and if we get news similar to the recent Coinmarketcap adjustment, Korea/China FUD or some underwhelming partnership announcements we could see this fall back to the 0.78fib or .00045 - 0.0047 BTC
I am long on VEN and have multiple positions, however for this trade my entrance is .00055 -- I do not trade with stop losses and my target for this trade will be .0009 - .001 for 1st - 7th of Februrary.
Sentimental News?
---------------------------------
CocaColaKid_OG on twitter has been posting cryptic Vechain predictions for months now and most (if not all) has come true with time. This new recent tweet ( link ) is believed to be hinting at a partnership with Luxottica, the worlds largest eyewear company. Buy the rumour, sell the news!
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~ Rebranding by 26th-28th of Feb - twitter.com
~ Multiple Non-Disclosure Agreements are ending, meaning Vechain can officially announce partnerships
~ Mainnet coming in June
VEN/BTC 100% OPPORTUNITYI suggest waiting for VEN to bounce off the uptrend support before entering ( 0.00048 area). This is what I consider a VERY safe entry, yes the price might not reach that area before it MOON but there's a very strong possibility it will.
VEN/BTC TO THE MOONVEN is very bullish, its respecting the trendline, bounced off the .786 FIB twice. The FIBS are adding up and I see a bull flag. Careful at the .70 - .75 area there is a candle that needs to be squared up. It will most likely rebound off that area. Anything over the .80 area becomes risky and if you arent an experienced trader I suggest taking your profit at the .80. But it may very well hit .88 and beyond.
Follow me on telegram if you want to be updated on this trade.
Let me know what you guys think in the comments!
VEN/BTC Descending Triangle Pattern is formingCryptocurrency Market Capitalizations Rank 16 VeChain (VEN)
VEN/BTC is forming a descending triangle pattern at this moment.
If the thin yellow support zone could not hold, the possible price would fall into the thicker yellow support zone which is near Fib Ret 61.8%
On the other hand Ichimoku analysis does not say it is bearish. It is because chinkou span hasn't yet cross below price, and the projected cloud is still inclined upward.
ADX indicator also agrees with Ichimoku by:
+DI line rising while -DI line dropping, and ADX line shows no trending.
By this kind of comparison, we cannot conclude it is a bearish market.
VEN/BTC Binance 4 hour - huge potential upside!On long term low upward trend line and bouncing off
200MA under 314 MA on 5, 15 and 30-minute charts
MACD, Stoch and RSI all bottomed out showing VEN is heavily oversold and indication of bullish movement to follow
MACD W shape showing strong indication of bullish movement to follow
Elliot Wave 1,2,3,4,5 and A,B,C reversal cycle complete
Fib from low of 16k sats to high of 81k sats shows current position bouncing off 0.382 Line
Fib from low to high of last movement (38k to 81k) shows current position bouncing off 0.618 line
Divergence on Stoch and RSI vs Chart
Should play out over the next 3 to 6 days
Looks like VEN is getting ready for a run!Descending triangle indicating a continuation of the previous uptrend. MACD hinting upward movement. RSI trying to break the downward trendline. Once the triangle breaks on the upside, buying can be done at .00059000 with a conservative 10% profit target at .00064900. And a second target at .00080000 (previous resistance).
Criticism welcomed!
[VEN/BTC] Bullish PitchforkVEN has a nice pitchfork going right now which should allow for some small swing trades. Watch for price to touch the lower bands for an entry and sell when it hits the upper bands. Also look for RSI divergences for either confirmation or signs of trend reversal.
VEN correction first, then up! Long term potential +300%VeChain - Boy i love you so much <3 <3
Ok.
VeChain is a cryptocurrency that wants to incorporate Blockchain and RFID technology and apply these technologies into logistics and become a the key if not major supply chain blockchain for business and enterprises.
This is a coin that I am absolutely extremely bullish on, but first we need to take a step back.
Exuberance cannot and will not last forever so everytime we have a run up, we need to take a step back. This is a coin that has massive potential long term, and I strongly believe its a coin that WILL survive the cryptocurrency bubble burst.
VeChain has huge partnerships with companies such as DNV GL - major logistics company, Pricewatercoopers - one of the 4 biggest auditing companies in the world, and Renault - just to name a few. All of which are huge companies in their own right. Honestly this is a coin that you need to do research on and understand the greatness of it
Buy: 0.00036000 - 0.00050000 (50,000 sats only because I'm extremely bullish on this coin and i do want secure a position in case it doesn't correct lower)
Sell: Do you really want to sell this? But if you do: 0.00124000-0.00135000, and 0.00175000 - 0.00186000
Fundamentals:
1) Really, its hard to tell, VeChain has a bad habit of randomly dropping news out of the blue causing minor spikes in price - whales :(
2) Rebranding into VeChain Thor - by February 26th.
3) The many, many strong partnerships they have with BIG companies
4) Did I mention that they were able to be broadcasted onto China's CCTV? - a VERY restricted media broadcasting service where the government must approve of all news that is aired. They are called- WeiLian in Chinese (I can't post chinese for some reason) - VeChain in English.
Technicals:
VeChain had a beautiful 5 impulse waves up and now we are in the ABC corrective phase of the 5 wave supercycle. In the original 1st 5 waves making up the 1st impulse wave of the supercycle, VeChain had hit a high of about 52000 sats which was between the 1-1.618 fib extension, which then retraced into the 0.5 region where it consolidated for a while and then rocketed all the way up to 82000 sats which brought it just short of the 2.618 region and now we are retracing. Im still working on corrective patterns, but usually the end of a 5 impulse wave would retrace to about the 0.5-0.618 region. Which would be our buy zone. But sometimes 2nd impulse waves only retrace back to the 0.382 region which is where I'll start to add to my position and dollar cost averaging my way down.
Then using Fib extensions from the 1st and 2nd waves of the supercycle, I predict a tentative target of 1.0 and 1.618 in the longer term.
VeChain VEN BTC Forecast - ButterflyChart shows a bullish butterfly pattern. Price should rebound as soon as BTC makes that recovery and finds stability, following CME Futures Contract expiry (today 16:00 London time).
VeChain just fell from an all time high and at an undeserved price. However, for us lucky investors, this is our buy opportunity. A buy under 60,000 is a crime for a coin such as VEN.
Events:
26 February Rebranding
Either way VEN is a great coin to hold for the mid & long run. It's one of those coins which has the potential to turn its price into three figures in the long run.
This is not an investment advice, always do your own research.
Bullish divergence in play after correctionLooking at the 1D chart we see a very similar setup to the last leg up with hidden bull divs. On the 4 hour chart we see the top of the Ichimoku Cloud acting as support with some sideways trading for the entire day. Next leg up could be starting very soon!
VENBTC: Update - Long - 5th Wave Down Buyzone Scenarios Following previous scenario, it looks like we now have a 5 wave correction down rather than an ABC.
With the 5th wave down, there is a possible buy zone now identified assuming a 5 wave correction up (BZ1)
Depending on risk profile, buy zone identified carries most risk but maximises reward - to minimise risk, optional buyzone identified at the base of the second wave up (BZ2). Note that third wave must cross blue line to break downward trend.
Stop loss identified if 5th wave continues below previous Low in line with lower resistance line. If this occurs, option to hold out for a new buy zone once final wave hits resistance as shown below stop loss point.
Opinion not advice
Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for bitcoin 2.50% donations if you find this helps, and want to spread the love!
VEN is at decision point, 90% profit potentialThis is only a simple trend line analysis, expected target is above 0.001
Support is at 0.000600
Note: This is my first analysis + i am an amateur