VENETH
VeChain - Continue consolidation or movement break up/down?VEN has been consolidating and going through some wave patterns while BTC/ETH figure out what they want to do. We've seen some ALTs climb today. Will some volume get dumped into VEN? Obviously any chance of making a break to the upside is dependent on BTC/ETH staying strong/neutral.
VEN (VeChain) 45% Profit in 7 daysLet me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
We are IN the buy zone NOW!
Key points:
1)VEN has a strong trend line that has not been breached
3)VEN has not made it's 5th wave up
Keeping in mind the trend line and the corrective patterns we are in the buy zone. I advise:
1)Med size buy order: @655k satoshi
2)Large size buy order: @580k satoshi
First target:
1) 50% sell of @ 890k mark
2) 100% sell of @965k mark
Good luck and happy trading!
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Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
LcSEL5a9ZSX2z2TH6ZzmzGnmSyF7riLeuC
Donations in ETH:
0x39bf470d25a9a9d5171d674b8740653b8db3cb9f
Thank you for the support! :)
Does it continue a steep trend up or level out in the short termI like the bounce off of the 60k level. Plenty of buy support below the 65k level as well. Not much sell volume down there anymore. Needs to break 68k to keep this vertical trend.
Rising wedge + top of pennant + sell the newsVen is in a rising wedge (bearish), chances of breakdown are quite big + we're at the top of the pennant meaning we need to bounce to the below of the pennant, breakout should be after the bounce + you've heard it (buy the rumor, sell the news).. but it's VEN, you never know.
Rising wedgeThere is a beautiful rising wedge forming, if you love money you gotta short this perfect beauty.
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.
Ven Target 63000 40% gain. ShortVen is very bullish right now and headed for the .768 fib level.
40% gain potential.
As always be cautious.
VEN bulls! - Predicting VEN's next price moves incl. tips!Combined Pitchfork - Fibonnacci retracement analysis clearly showing us how VEN-pricing moves, e.g. how it reached quite the high in the last week and how it bounced back to specific resistance and support levels as laid out graphically.
I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a LOT on both historic ànd future price movement.
The MACD shows an upcoming bullish cross, which historically also shows a clear buy zone . We just need to sit back, have a little patience, get prepared to pull the buy trigger soon but just not yet - as I do see some more downward (or horizontal) potential in the near term. And then, we can ride the next wave higher. Although feel free to already open a position.
FYI - CCI and RSI are relatively neutral for the moment.
--> Tip: see the Pitchfork lines acting as critical resistance and support, with the Fibonnacci support/resistance lines coming in to help when necessary :-D (see blue text boxes and arrows in the graph)
Note that this is by no means formal investment advice :-)
VeChain (VEN/VET) ready for another leg higherAfter an explosive move higher, VeChain has consolidated and pulled back to its rising 8 day moving average on the Daily chart. It has broke its purple pivot line signaling a possible trend change back higher. I'm seeing new fresh volume coming in as it makes a new push higher. Long BINANCE:VENBTC / BINANCE:VENETH
