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VENBTC

VEN NalysisAs altcoin spring starts to gear up, VEN looks prime for a little pump soon. Falling Wedge showing on the hard candles + some big wics from when either A) fat-finger panic sellers dumped and the market ate up the panic, or B) whales are hunting stops to accumulate @ lower levels before a breakout trade. Diversification into an altcoin portfolio would be most beneficial as coins will take turns pumping into rallies and dumping, while BTC goes on it's trend reversal bounce. -Wolfie
VLong
by TheWolfofPoloniex
4
$VEN #VeChain - FULL ANALYSIS - a perfect 2 possibility exampleHello Lads and Ladies, Today, as 100% requested, we will be taking a deep look into VENBTC. Unbiased, since I am not holding any YET and thorough since it is one of the more interesting charts! We will start off with the 4h view on it to have a brief knowledge of the situation here. We can see here a clear downtrend since June 7th when the market started blood bathing. The first interesting point here seems to be that it is very heavily influenced by the market movement but still has a strong pull upwards, since it has been bouncing everytime about 10%. Right now VENBTC is forming a wedge and will decide where it is headed next. There is room and possibility for both ways, even though it seems to depend highly on the overall market. Should the market bounce within the next 48h, then it will be an easy game with VENBTC taking profits at S/R lines. The more interesting part is though the bearish scenario and we can already see some lines here (especially the 0.00038 and 0.00036) but lets take a look why these lines are so important. Taking a look at the daily chart, we can clearly see a decreasing resistance and an increasing support.Just from looking at that we might see the next bigger stop at 0.00036 if VENBTC decided to go down. Here again coming down to support would mean hitting the 0.00036 support and the uptrend support, which in my opinion is a huge bounce sign. Moreover, this would be the third "deep" retracement this month, as we know many cryptos retrace in 3 steps. VENBTC has actually done that a few time before (take a look at the retracements). So now on the daily, we apply the fibonacci retracement and see once again the 0.00036 line being the 61.8% line from where VENBTC has bounced before. Here, on the weekly chart of VENBTC this 0.00036 line makes perfect sense, looks great, almost like in a perfect world. But here comes the fun part to it. Have you questioned the uptrend support during this analysis. As it has been right now, I readjusted it at the second time because as I saw it the first time, it perfectly made sense. I have set it like that because the candle right now is green and it SEEMS like if VENBTC has just bounced and will continue the bounce. ANYHOW, this candle has not closed yet and therefore we cannot say right now what is or will be happening, we need to wait until this candle closes. ALSO, with the fib applied (just a little further down) we would see here a first bounce from 61.8% to the resistance, then down to 50% AND the uptrend, form here probably a bounce again to resistance. So, to stop this hide and seek game, here is what I think will happen. As you probably can guess there are two possibilities. 1) We close this weekly candle ABOVE previous open and will actually have a bounce towards the resistance. Here, once again an interesting fact, we had either two green candles (small followed by a big green candle) or 6 green candles in a row. So basically, if this week is green, the next week is most likely green and if the third week will be green too, we will have actually reversed the trend and then continue pushing upwards most likely again in a 6 week time frame. (Yes, I do not pay attention to the single green candle in May.) 2) We will close as red (OR green) and then continue down to 0.00036 for a bounce off the 61.8% fibs and the uptrend support. 2.5) The marke will go down more, with it VENBTC. It will find its bottom at the same level of support 0.000315 (as well the 61.8% fibs line - second option), will there have a pretty nice double bottom and then bounce and reverse the trend from there.
VLong
by KongTrading
1
There is a possibility for the beginning of uptrend in VENBTCTechnical analysis: . VECHAIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.000400 to 0.000325). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000400) Ending of entry zone (0.000325) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000482 TP2= @ 0.000513 TP3= @ 0.000538 TP4= @ 0.000620 TP5= @ 0.000815 TP6= Free
VLong
by ForecastCity
There is a possibility for the beginning of uptrend in VENBTCTechnical analysis: . VECHAIN/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . The price is in a range bound and we forecast the uptrend would begin. . There is a possibility of temporary retracement to suggested support zone (0.000400 to 0.000325). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000400) Ending of entry zone (0.000325) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000482 TP2= @ 0.000513 TP3= @ 0.000538 TP4= @ 0.000620 TP5= @ 0.000815 TP6= Free
VLong
by ForecastCity
2
Vechain double bottom pattern in formationYesterday VeChain (VEN) closed above 0.000458, the 0.5 Fibonacci level, and the blue line, forming a Double Bottom Chart pattern. A double bottom describes the drop of the price, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level. There's still, as resistance, the red line, which was pierced since yesterday, and the 0.23 Fib level, at 0.000491. RSI is almost neutral in the daily chart, pointing at 47. Volume is increasing since yesterday, configuring a condition for the double bottom. MACD still is in a negative zone, but slowly moving above zero. A conservative buy zone can be setup at 0.00045 below the red line. Another trading strategy would be to wait till VEN breaks 23% Fib level and sell at the yellow line. We can wait and see if VEN can break the yellow line and that indicates that the double bottom pattern is confirmed. That is, once the closing price is at the 0.00054.
VLong
by KiaCryptiola
2
VENBTC - What's going to happen before mainnet launch?Hi guys, Another update on another coin. This time it is VENBTC. You are looking at the daily chart, which tells us a couple of things: - We had a nice rally from the beginning of april untill May 14th. On May 14th we touched the 60k sat resistance and dumped afterwards. This was also because BTC dropped like crazy. - We found support on 42.5k sat (twice). This means we made a double bottom on this support level, which is a very good sign. - RSI and MACD also tell us its a double bottom. - MACD almost crossing up. - I've drawn the fib retracements and we have to break the 0.382 level, which is a tough resistance. This resistance is around 49.5k-50k sats. With the upcoming events in June (mainnet launch, wallet launch), I expect VeChain to rise. First resistance levels: - 50k sats - 54.5k sats - 57k sats - 60k sats
VLong
by Maikuuuuuul
1
VeChain Getting WedgyWelcome! I've outlined our abcde path along with an additional ABC to show why I skipped the pull back in the c-d wave. Our RSI has 2 base touches (double bottom) and we've found support at the bottom trend on our way to e. Hopefully we don't get pushed back down, but our entry at d (my previous 0.318 on the cup analysis) served us well. Stop losses placed to lock in profit. Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts. The link is still available on my profile, good luck trading!
VLong
by thomas58700
Vechain, VENBTC - Will It Recover From Here?Vechain, VENBTC good project with solid team and partnerships so a good coin for the long-term. They also plan to have their mainnet launched by the end of this month/June. This should be the driving force for the recovery or the next leg up for VENBTC. But let's take a look at the chart and see what we can come up with. As you can see in the chart, we have probably finished wave 4 cause a double bottom has been made by touching twice the .618 - .65 fib retracement level. This is pretty significant If this was the bottom then we should see VENBTC recover from here and look to break the "neck" resistance line at around 60.500 satoshis. When we do we might see a little retracement to test the neckline again but when the momentum and the market sentiment is favorable, we should see VENBTC moving up to at least a 1:1 extension at around 67.770 satoshis. And with strong momentum and market sentiment, we should aim for the 1.272 - 1.618 extension levels. But it goes without saying, especially in this bear market/negative sentiment, VENBTC can only recover and move up fully when the market/BTC recover as well so always keep in eye on the Big "B". Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading!
VLong
by Trade_Masters
Buy zone for VENVechain is a strong coin fundamentally and has it's main net launch near the end of this month. Accumulating this coin to the lead up of it's launch wouldn't be a bad idea. Technically we see VEN trying to re-test a strong resistance structure at 44973 after having a big sell off to 43222. As BTC is very bearish at the moment there's the possibility of being rejected and falling back to the support structure of 43222. I would see this as a great buy zone as it also lines up with fibonacci at the 0.618 level. Be careful in this market and trade wisely.
V
by ElonCrypto
1
Distribution: Wyckoff Phases for #VENPSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC —buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, and heavy or urgent buying by the public is being filled by professional interests at prices near a top. A BC often occurs coincident with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR —automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST —secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. If a top is to be confirmed, supply will outweigh demand, and volume and spread should decrease as price approaches the resistance area of the BC. A ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs, then quickly reverses to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW —sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY —last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD —upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
VEducation
by taylor.ranny
15
VeChain (VEN) Trade Update (200%+ Earnings Potential)VeChain retrace was small and it is already bouncing and looking to start some action. We already have an open trade for VeChain (VEN), here is an updated entry point. VeChain (VEN) Trade by Alan Masters TRADE INSTRUCTIONS Buy in: 0.00045 - 0.00050 Note: Wait for the retrace before buying in. VeChain Targets by Alan Masters: (1) 0.000532 (2) 0.000622 (2) 0.000712 (3) 0.000812 (4) 0.000932 (5) 0.001122 Stop loss: 0.00042 Time: 1-2 weeks. Capital allocation:  Up to 5%. Enjoy the trade... Namaste.
VLong
by AlanSantana
26
VEN-USD Market Analysis - 16 June 2018Friends and foes, welcome to this analysis of VEN-USD. I have analysed the daily chart of VeCHAIN with the best of my knowledge and i am posting the statistics here. Please note that i am learning TA and i am using this article as a log for my progress. This is not an investment advice. Invest your capital at your own risk. So, without any further ado, let’s get started. I am using Heikin Ashi candles for this chart only just to show the trend. The price has been moving inside the symmetrical triangle since long time and is about to reach the completion point. Also, as you can see, VeChain has been following a series of Falling wedges and an Ascending Broadening wedges inside a symmetrical triangle. The outcome of this movement in the triangle can be either break upwards or break downwards and is expected to occur anywhere in between 2-3 weeks. In simple terms: (1) Falling Wedge = BULLISH (2) Ascending Broadening Wedge = BEARISH EMA + RSI I use smoothed out EMA over RSI. This is done in order to overcome choppiness and get better entry and exit points. Just remember , If the RSI line(White) is ABOVE EMA line(Red) = BUY If the RSI line(White) is BELOW EMA line(Red) = SELL So, as it is clear from the graph, the RSI and EMI lines still need more time to intersect. At this moment, they are moving towards each other. But they may fall apart again if the price heads southwards. This is not a good time to open any long position. WILLIAMS ALLIGATOR The Williams alligator shows signs of further downward movement. Basically, The Alligator indicator uses three smoothed moving averages, set at five, eight, and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that slow down indicator turns. In simple terms, just remember that when the order of line is: 1. GREEN > RED > BLUE = BUY 2. BLUE > RED > GREEN = SELL Also, this is a lagging indicator. So, don’t reply on this one solely. Use it as a supplement with other indicators for more accurate results. MACD MACD is showing prominent selling and needs more time to give buying signal. ADX AND DI -DI moved above +DI on 22 May which means Bears are in full control since then. Expect Bearish movement to continue. VORTEX INDICATOR -VI is above +VI. So, Bearish trend is prevailing. Keep in mind that Vortex indicator is a lagging indicator. So, use this one too with other indicators as a supplement. CONCLUSIO N: I’ll leave it for you to decide. I am neither shorting nor longing at this moment, i am just sharing this for knowledge purposes only. 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.
V
by johntradingwick
5