VENBTC: New targets (+68.9% profit)** If you haven't seen my last TA of VENBTC, please do **
My target of VENBTC was 64480 satoshis and guess what? It was hit! And now what's next for this promising coin?
I'm liking these fans analysis, it seems to predict alright. On top of that, we are in a pretty nice Elliot Impulse Wave and if you look closely, the end of wave 3 was almost on top of 1/2 fan speedline so my target for the end of wave 5 is exactly on top of this 1/2 fan speedline @ 108130 satoshis.
REMEMBER: VENBTC broke every resistance there was. Tip: every resistance line broken is now a support line so be cautious if it breaks down.
Trade safe.
VENBTC
VEN 1DayVen is currently transitioning into wave 4; it has proven to move regardless of BTC price volatility... @juni04lancaster TV: BTCookieMonster
VEN/BTC retraces in short termVEN/BTC has gained nearly 74% from the triangle breakout on 6H graph on the left.
We have two candlesticks that cannot break the Fib Ext 127.2% (0.00082018), therefore VEN may face a possible correction.
When we watch carefully that these candlesticks also shown a support at Fib Ext 100% (0.00072183)
With the help of ADX indicator:
ADX line is still running smooth that the current 6H market is trending (i.e. sideways)
-DI is in a very low level. It may soon go up and the price will go down.
The daily chart on the right is shown by a log scale. VEN is running inside an upward channel (good for long term)
For short term correction, the blue star is the critical price to confirm whether it will rebounce from the middle line of the channel, or it falls.
Coincidently, the price where the blue star lies, is very close to the price of Tenkan-sen on the 6H chart.
Unstoppable strong project $VEN multiplies against $BTC alwaysVEN have partnerships with Chinese governmental institutions. Forget FUD this is real Chinese investment.
#VEN +9% tonight and into tomorrowAfter the upcoming 15m retraction, I'm seeing we may go +9% tonight and into tomorrow. Over about the next 10-16 hours.
VeChain Uptrend Continues | BinanceVEN is relentless, simply does not care about whatever BTC is doing.
VEN +52,8% profit VENBTC is inside a not-so-nice symmetrical triangle which means it will probably pop to 64480 satoshis in this quarter (VeChain is also going through rebranding so this can lead to a pump). I traced a parallel line of the triangle to measure the target as well as the 1.618 fibonacci level (which coincides). Not only that, look at the volume diminishing as the triangle narrows, it's another indicator of popping up.
Trade safe.
VENBTC - VeChain aka "THE SLEEPING GIANT""Vechain (VEN) is a blockchain ecosystem for businesses and governments. They combine the best of Ethereum with their own Internet of Things (IoT) and RFID technologies to provide solutions to fight counterfeit goods, improve supply chain management and product assurance." - Boxmining
It's also called many times as "The Sleeping Giant".
Okay! Indicators!
*RSI first! Indicates strong buying pressure as it does not go lower than 60 as it move upwards.
*MACD is the same.
*Darvas Box - Broke out of darvas box today!
I can think of this as long term investment. BUY AND FORGET!
But I'm a trader, a trend follower at that, so I just bought on breakout. :-)
I don't have a target, I just set stops below 20 period moving average.
Good luck!
Still bullish on VENEverything seems to be adding up for a great run for VEN
For more comments see my previous VEN TAs
$VEN $VET VeChain Targets after breaking out today before $ICXI was expecting to break out first, but no, VENBTC was faster!
Overall the market is bullish at the moment, so $VEN should have enough momentum to go to the second target.
But I always recommend not to risk it and take the opportunity to take some profits at target 1, at least 10%.
This is the best way to protect your investment, care free.
And yes, don't FOMO if it is goes higher after you sell the 10%. you still have the rest to go on.
Buy Zone is marked as well on the chart, it could revisit the base again.
Enjoy!
Thanks for your comments, likes and follows.
Get more of my updates on twitter. check profile link.
VEN BTCIn a earlier post, I mentioned that this breakout was going to occur.
Now that it has happened and a lot of volume was included, we can stay bullish about this coin.
A retest of the old resistance could be retested and this can be seen as a buying opportunity.
In case there would be a larger correction, a retest of the trend line is possible too.
Now there still is a lot of hype around this coin, so the continuation seems the most logical
Vechain: Buy the Rumor Sell the Fact. HODL Mindset.This coin has seen massive pump following rumor and heavy hype. Vechain has a great new partnership with a company called Fanghuwang. That other company company has 3.3 billion dollars of assets under management; unfortunately reliant on the global consumer debt bubble that has totally swallowed China whole at this point in time. Great partnership? Probably, but I am not at all impressed at this price level. It seems like small time traders are though as the former and clearly visible whale accumulation volume has dried up. As you can see this news is correlated with a massive spike in price as Vechain worked its way above the topside resistance on January 17-January 18, before negating most of those earnings as I am writing this right now.
The buyers here ate totally hyped up, which I like. However, I am not long on VENBTC right now. First off, whales are putting huge sell and buy walls on the Binance market, which have caused the total distortion of a consolidation that can be seen on the chart above.
Another interesting thing is that on January 9 there was a massive spike in price but it was not reciprocal with volume. This means that Reddit money has come into town. This is probably related to news that came out at the time that Vechain founder, Lu Yang, made, "a breakthrough in technological transformation at the live-streaming "China-US Blockchain Broadcasting Group" at Live in Silicon Valley. The chain's benchmarking in the automotive industry."
www.reddit.com
Now, don't get me wrong. I have high hopes for Vechain and many other crypto currencies -- that I think are about to experience a sharp return to fair value. However, it is just that; with no emotional considerations for price, my analysis is a mix of fundamental and technical analysis to figure out when former buys will "sell the fact" so to speak. Trust me, I will be looking to buy this coin. Based on a simple technique I have set my strike zone at or below half - but probably closer to a third - of current market valuation for VENBTC.
However, I have left breathing room for myself to be wrong, which is indicated on the chart at the, "most important spot" which combines long term - albeit stretched - support with an acute short term resistance. If VENBTC can breakout above that line with huge volume then I will, "eat my dick on live television." ... I put that in quotes so I'm safe.
I will hypothesize that if VENBTC can stay above the support line by the beginning of February in consolidation, then there could be a move higher. This move relates to the, "most important spot" mark. However, this comes with the, " caveat emptor " which is that we need to see a consistently high volume to counter bears like me. Considering that the reddit page had five thousand views when I was on it(1/3 of Bitcoin's reddit viewers at the time) and that VECHAIN's Reddit is backed up by 30,000 subscribers to the fan club, this necessary increase in buying volume is a fair possibility. However, I remain in doubt -- not in the project itself -- but in the current price valuation of this crypto. I will be buying this later on.
Discliamer: Do not act on this information. This is lunacy and disregard this advice very strongly as the words of a complete madman.
VEN Breakout possibilityThis looks like a nice rectangle with a possible pennant at the end.
I'm aiming to enter at around .00054, breakout to ATH.
Otherwise could come back down and even break through the bottom support if the markets turns bearish.
VENVen has been following a bull trend for a while and is now retesting its ath.
In case we break out, the rally should continue and the targets seem possible as there is a lot of good news and hype around ven at this moment.
We should keep an eye on btc as the correction still seems to be ongoing.
VEN-BTC symmetrical triangle forming in market correctionA friend brought VEN-BTC to my attention, tradable on Binance. I'm impressed with how little the correction held sway on it. Notice how oversold it is despite holding onto very strong bullish direction.
I see a flag formation and this is a blue sky bull trend, so I'll look for the volume to constrict as well as the price to obey the triangle, and then a break of inside bars to determine which way this will go.
We did have an inside bar bull break about 5 hours ago, but this was not with significantly diverging volume.
I see this has had a lot of volume so I really see no weak points despite such a steady run-up. Looking at the 1hr with some congestion zones, I really see thickness throughout.
The recent cloud flip is primarily due to the overall market correction
This is the fib extension based on the trend that I've plotted out.
Based on previous trends, I see the most resistance around the 50% range. A meaningful target may be:
1st target: 0.00059156
2nd target: 0.00082848
To learn how I plotted this and try it yourself, check out this super helpful video: www.youtube.com
Amateur Triangle :)NOTE: I am a complete beginner and amateur.
Just wanted to draw a triangle, starting out with charts, trying to see patterns, learning the basics and curious to see if it will bounce within lines or actually break out.
Anybody that wants to give a slightly deeper insight, tip or advice is more than welcome.
I'd really like to learn more.
VeChain VEN ForecastVEN is an established coin which is trending and increasing its popularity as time goes by.
Chart suggests a gradual bullish trend with an opportunity to dip buy. Support level stands at 42,000 area. Anything below is considered a bargain buy for short and mid-term investors. VEN has the potential to return to upward trend and beyond. Overall chart is a good example of a bull run, perfect in the eyes long-investors.
Targets are attainable which should give quite a substantial return. Won't be a surprise if targets are achieved within the short-term period.
Events :
By January 2018 Partnership
This is not an investment advice, always do your own research.
