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Vechainbtc

Vechain(VET/BTC)-Long SetupVeChain (VET) has been on the watch of many cryptocurrency pundits due to the digital platform’s awesome use cases.It is one of the most promising cryptocurrencies 2019. VeChain’s offers way to chain counterfeit products and helps in tracing products from the industry to the end user. Its drug, apparel, and wine traceability solution have been celebrated by many industrial experts. Lets look at the latest 4-Hourly chart of VET/BTC(Binance) pair: Bullish case: As one can observe in the chart that the pair has been hovering around buy/accumulation zone(blue bar) since mid Januray'19 and moving within range with range high 127 satoshi and 107 as range low.This could be possible accumulation like TRX/BTC before blasting off. It needs to test and break the 127+ satoshi level resistance to confirm bullish sentiments.Also, it has broken the 200H-SMAs(Simple Moving Average) and accelerated through ichimoku cloud which is early signs of the bulls. Simply put, if someone wants to buy then once can buy only after 127 resistance breaks and retest for targets around red bars or upcoming resistance levels.However risk taker can enter any value from here to 127 for long term benefits. Bearish Case: The only Bearish argument for the pair is not breaking the 127+ satoshi resistance level, which could be early signs of bears and breaking the 107 satoshi level support would be stronglu bearish for the pair. Simply put, if someone bought between 108 and 127 satoshi levels then stop loss should be below 107 satoshi level.
Long
by coinswitch-trading
VeChain analysis: Bullish move on the horizonJuly 26, 2018 price action to current date is shown in this VeChain analysis. A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC. Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the current downtrend line would also argue for a bullish bias. 0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.
Long
by Coin_Analyst
Vechain Chart Analysis Oversold RSI appearing now at the end of a descending wedge pattern. Lowered volume towards the end of the wedge too indicates potentially bears running out of steam... however buy order book is a little thin. Looking for a reversal around the 150 mark, or a quick fall and bounce at Fib 140. If it doesn't bounce at 140 then 101 is very possible. Socially there has been much FUD surrounding VeChain recently, to the impartial it looks aggressive and organised. Most of it unfounded in terms of technical and business practice outside of crypto. Cream involvement with everything is shady and not representative. Technically their main net is live and slowly gathering use. Next few months will be key and if they can see adoption pull through then
by NeilWhippey
VeChain undervalued and priming for a short term breakout!VeChain priming for breakout from a bullish falling wedge on the 1D chart. Price is right at the apex and there is bullish divergence on the 4 hour chart (see yellow arrows in pic below). RSI and stochastic are also oversold on the higher time frames. Using fibonnaci retracement, VET/BTC should first target 0.00000186 at 0.5 fib so maybe take a small partial profit at this level. I expect VET/BTC to then reach 0.00000207 at 0.618 fib and 0.00000235 at 0.768 fib. There has been a lot of fud recently, however, VeChain have an extensive and impressive list of established partnerships and they actually have a functioning mainnet and working product so I don't believe this is just another shitcoin (twitter.com). There is obviously a need for effective quality and authenticity control in global supply chain management and VeChain has actually come a long way, just look at the fundamentals. I mean the Cyprus government has just partnered with the Vechain foundation, don't think a small country would have partnered with them if VeChain were actually scammy. VeChain is considerably undervalued and the fundamentals add weight to this bullish falling wedge. Buy at breakout TP 1: 0.00000205 TP 2: 0.00000230
Long
by Corn_Reaper