Venus (XVS) forming bullish Gartley for upto 96% rallyHi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS)
Our last successful trade of XVS was as below:
Now on a daily time frame, XVS is about to complete a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Venusd
Venus (XVS) formed bullish Gartley for upto 70% moveHi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS)
Previously I shared a long-term trade plan for XVS which is still in play:
Now on a 4-hr time frame, XVS has formed a bullish Gartley pattern. There is also a hidden bullish divergence as priceline is forming a higher low but RSI is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Venus (XVS) formed bullish Butterfly for upto 990% massive pumpHi dear friends, hope you are well and welcome to the new trade setup of Venus (XVS)
On a weekly time frame chart, XVS has formed a big bullish Butterfly pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Venus (XVS) DeFi Play on Binance Smart Chain (BSC)Hi Folks,
after a longer period of focusing on my trading I am back with some ideas (see also the similar post on CAKE - PancakeSwap linked below).
Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees.
Venus is a Binance Smart Chain-based DEX (decentralized exchange). I wasn't really aware of it until the recent Binance Coin (BNB) and XVS price surges. .
I have produced these four views on Venus for you to use / copy if you'd like.
Top left is the USD chart. XVS has lost 30% of its value and if you believe in it being currently the better (way less expensive) exchange solution compared to UNI, MAKER, SUSHI & COMP then this just may be a good time to start or extend your position.
Bottom left is the EUR chart.
Top right is the Venus vs. Uniswap (UNI) ratio. This ratio shows that Venus has been losing value against UNI, but it appears a support level may be forming for it to attack UNI again. At the time of writing this a level that seemed to be stable was crossed. To be watched.
Bottom right the same style ratio with SushiSwap (SUSHI), same view as on UNI. Looks like a support level is forming.
Venus is number 5 in the dappradar rankings in terms of total balance and has had a steady but bumpy growth in terms of volume, users and transactions over the last 30 days.
With Bitcoin likely taking a breather today and tomorrow below $60k and only maybe sneaking up to $60k next week there seems to be a likelihood that the overall market will be drawn down as well.
It may also be the time for altcoins to shine and may give Venus (XVS) an opportunity to catch up with UNI and have a fantastic gain.
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Perfect compliance to the Channel Down. Still short.VENUSD has been strictly following the 1W Channel Down (Highs/Lows = -0.7416, B/BP = -1.5740) and 1D is now near pricing that Lower High (RSI = 48.260, ADX = 25.075, MACD = -0.096). The maximum limitation is 1.68075, which is difficult to print. We remain short with TP = 7.5154.
Targets hit. Bearish continuation after a minor spike.Both TP = 1.000 and 0.8000 have been hit, as the 1D Channel Down (MACD = -0.375, Highs/Lows = -0.5027, BBP = -0.9440) extended its Lower Low limit to 0.675. With RSI though oversold at 20.800 along with another 4 indicators, a pull back is expected towards 1.0040 or even 1.6900. That would be an ideal pricing of the Lower High. Our short TP is 0.1972.
VEN/BTC 1D FLAGFlags are short-term continuation patterns that mark a small consolidation. Symmetrical triangle, which can be referred as a coil, usually forms during a trend as acontinuation pattern. The pattern contains at least two lower highs and two higher lows.
Strong Channel Down. Short.VENUSD is trading on a 1D Channel Down (RSI = 31.035, Highs/Lows = -0.5037, B/BP = -0.6960, MACD = -0.230) that will take some time to make a clear Lower High again. Based on 4H (Williams = -94.498) there are more chances to continue its descending trend on a slow pace. Our position on VeChain is short, TP = 1.000 and 0.8000 in extension.
shorting time rsi divergence completed 1 wave.... look for the 2 to be around the 50 to golden pocket
VeChain: Bullish movementVEN broke out of a falling wedge pattern. Bullish movement expected the coming weeks.
VEN to VET - Does price follow suit? With BITFINEX:BTCUSD and its' likes gaining ground, the Crypto Market presents several opportunities for Capital gains. At Bitbloxx, we believe that projects with strong Fundamentals coupled with Technical strength is all that is required to beat the Benchmark. Without any doubt, BINANCE:VENUSD has all the right ingredients at the right time.
VeChain:
VeChain is the World’s leading Blockchain platform offering Blockchain-as-a-Service to enterprises for products and information by leveraging on Blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable. Not to forget after smooth VeChain's mainnet launch, the project is currently going through switching phase from the Ethereum based Token to VeChainThor's native VET Token. This would probably keep the project in limelight for coming days.
Price Outlook:
BINANCE:VENUSD is trading in a 53 day long falling wedge formation, with apex just around the corner on 31st July 2018. We certainly believe that its about time the pair took off and broke out of its resistance, backed by the following observations:
1. Generally oversold oscillators and indicators
2. Long tails on daily bars with growing volumes indicate genuine buying Interest
3. Positive divergence in Price and RSI, as illustrated on the chart
4. Token swap and migration to Vechain's Blockchain
5. Masternode driven demand
Execution Plan:
Considering the ongoing price action, following is our proposed execution plan for the trade:
Buying Zone: We recommend accumulating the coin between ~$1.78 - $1.90 . The identified range is below the falling wedge and 9 Days Moving average resistance at ~$1.99.
Stop Loss: A closing based stop below ~$1.66 , as it nullifies our trade rationale
Technical Triggers: A day close above ~$2.05 changes the game as the price would have crossed over the 9 Days Moving average and the Falling wedge resistance. This is the point where we may see Bulls taking the wheel.
Price Projection: The targets are based on a mix of Horizontal resistances and Moving averages. Our Final target for this position lies at ~$2.90 , offering over ~50% return. However, we advise caution and partial profit taking at ~$2.30 and ~$2.65.
Please feel free to leave comments and get in touch with us on Twitter: @Bitbloxx1
Happy Trading!
Team Bitbloxx
VENBTC: why I just enter long positionHI All,
It's All in the chart: BTCUSD.
Just Entered into VENBTC.
RSI shows oversold.
When will the downtrend end, who knows, but this is a long position.
This trade VENBTC could go much lower, because its Predicated on BTCUSD.
Hence, stop loss is a must.
Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
Vechain Buy opportunityExtremely oversold
hovering around support area
RSI under 30
keep eye on that coin
VECHAIN MY HEARTI was rapidly scrolling a the whole market a couple of days ago and my attention was caught by the bearishness of VEN in a stagnating whole market (what in this market is very atypical).
I did a very quick , to understand why and discovered that VEN is migrating on his own chain (not a so bad news).
Since ATH VEN corrected relative less and is inside this big channel.
If VEN continues this correction, it would be very interesting catch it at the resistance line of the channel.
There it will complet a bullish butterfly harmonic pattern, which in my opinion could bring VEN very High.
1.20 was the basis of the last strong run and it will very probably hold VEN.
If you are not used to trade VEN like me, set an alarm at 1.30§ and follow with attention what it does. If you like to gamble, buy a lot of VEN. It could transform itself in a gold mine!
BIO
VeChain - Looking to reload off a possible support levelTaking a look at the daily chart for VEN, we can the price hitting a support line which may be a good area to reload. The RSI indicators are showing oversold and the MACD is approaching a horizontal support line. I don't like trying to catch a falling knife, but with BTC turning more bullish I feel the alts will start to turn around as well. If the price action breaks the orange trend, we may see further selling to the dotted blue trend line. Hopefully it doesn't come to this, but if it does, it just means cheaper VEN.
RSI Bullish Div, Fan Div, Wave Cycle completeWe see an equalisation on the previous wave. Such a great project and we didn't really see a respectful response on the main net launch. I haven't used Gan fans as I normally would (well I've deleted those) and put in indicators that give clarity to the chart. This co-insides with the ATH fib retracement level and the bounce on the previous wave.
VEN's is at a crucial point.VEN could be either in a high and tight triangular bull flag or perhaps a more downward facing flag If we can bounce off of the triangular flag channel bottom, we could have an opportunity for a buy in and a scalp. Until then we could see a fall through support.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a financial professional. Past results are not indicative of future results in any construable way.***
VeChain teasing with a small break outAs with many altcoins, VeChain looks to have broken out of it's huge falling wedge, but not by much and on low volume. It is currently flirting with the top of the wedge and using that line as support. A bull flag pennant has formed on the 1hr indicating that price action is currently neutral. A break out can go either way. If it breaks down negatively, the measured move would be 2.19, placing the coin back into its falling wedge, falsifying it's breakout. If it breaks bullishly, the measured move would be 2.99 area. This break to the upside would also complete a nice hook and go, thus solidifying its larger breakout of the falling wedge and a nice measured move of 46.55% at 3.87. Good luck VeChain.
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.
VeChain Confirming The UptrendOn the 30th of March, VeChain found the bottom at $2.1, where it rejected the 78.6% Fibonacci support level. Price went up and broke the descending channel, reaching the $5.6 high.
The correction down followed and it seems that VEN/USD found the support at $3.28, that is the level where the descending channel has been broken. Then, on the 3rd of June VeChain broke above the downtrend trendline and the 200 Moving Average, suggesting the continuation of the uptrend.
The strong resistance is abased at $7.4 area and could be reached in a relatively short period of time. But it would be reasonable to watch the $2.1 support level, as break and close below would invalidate bullish outlook and could send price down to $2.2 support.
VeChain Breakout Before Mainnet Release VeChain TA/FA before Mainnet release.
VeChain is making Lower Highs and Higher Lows on the daily forming a Symmetrical Triangle. It's sitting strong after two bounces from the furthest retracement at .786 fib and once again .618 fib levels. Alts still depend heavily on BTC movement. Bitcoin is in bearish territory. If it BITFINEX:BTCUSD breaks above $8,600 - $8,400 then I'll consider it bullish as long as bitcoin continues on an upward and sideways movement then alts can rally. I expect VeChain to rally hard as the mainnet release date gets closer and closer.