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VENBTC

VEN - Double Bottoms and Double TopsHey ladies and gents! Looking at the 4 hour chart for VeChain, we can see that we broke out again only to find ourselves back into the wedge. It looks like it will be a battle of the bears and bulls. Here is an interesting observation I made regarding a double top and double bottom pattern that VEN seems to be repeating. VEN has double topped twice and double bottomed 3 times. History has tendency to repeat itself so be on the look out in case it does double top and sends the price lower. It is also possible that the bulls force the price action into a pennant for a possible breakout. But as with all pennants, the price could also breakout to the bottom sending us further into the wedge. Keep an eye on the price action for additional clues.
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by jpbrown1023
VeChain: Quick 17% Profit (Falling Wedge Pattern)Hello Traders, I have been interested in VeChain for awhile, and I think this would be a good buying opportunity. Looking at 4 hour chart, we see that textbook Falling Wedge is starting to form, and it seems like VeChain will bounce at this major support. This is how I am going to make this trade: 1) Wait until VeChain reaches to down trendline --> if we see a bounce then I will sell all shares and buy at the major support again (blue arrows) 2) If VeChain manages to surpass down trendline --> I will buy more and cash out profit 48K Satoshi and 60K Satoshi (green arrows) Happy Trading!
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by x45lu
Lets re-visit that VENBTC Chart again...Well, its still working out near exactly to how I've had it laid out since February. I haven't made any changes to this. So, if it works out the way it looks, the buy-in range still hasn't changed. This re-trace makes sense as most have had a retrace like this but VEN has been pretty resilient due to news, node lockups, and a quite large following. If we get a bit closer to the buy-in, I'll post up what I believe will happen after what will likely be the end of retrace. One thing of note, all of this is contingent on what BTC does as well. So, if BTC drops, this will continue....if it starts reversing back up and gets som stability +10k...we will see a bounce. This is not financial advise, just my opinion. DYOR.
VShort
by jiffythekid
Bullish opportunity on VENBTCFalling wedge. Price currently at the bottom of Bollinger Band. Stoch RSI is oversold. RSI is showing a bullish divergence. I can see two support areas. The first one is marked with orange and the second one is marked with yellow. A safe trade entry could be once the falling wedge has a breakout. I took a risky chance and already entered the trade. My SL would be if yellow support area is broken. My TP would be just slightly below 68.80% Fib level. My trade details: Entry = 0.00040495 TP = 0.00042150 SL = 0.00039800 Constructive criticism would be appreciated.
VLong
by Blackhole-Trading
VEN Kijun BounceSignal 1: Bullish Sentiment Signal 2: Bullish Price Action above the clouds Signal 3: Bullish TK Cross Signal 4: Neutral Chikou Span is stuck in the clouds but above past price action We broke the short term trendline right where the Bullish TK Cross happened and had a nice little breakout. This has caused the 50 and the 200 EMA to start moving closer towards a Golden Cross. After hitting resistance it looks like we are in a little pullback. If we get a Kijun Bounce here we would be looking real bullish. Stoch RSI is ready for the buyers to take over. Very oversold. If we break down through the trendline and the horizontal support along the Senkou Span B we will probably witness a Bearish TK cross on the way down and continue bearish. A catalyst for this would be if BTC continues to drop.
VLong
by BernieGreen