Vechainbtc
VETBTCNow we see the falling wedge formed. 0.5 level of Fibo is a support zone, from which we bounce for the third time. In this situation, we can touch the support zone at the blue point for the fourth time, and go to the upper border of the wedge when we break through it boarder, we go higher to 0.618 Fibo level. If we break through the 0.5 Fibo level for now it's support zone, then I expect a fall to the next 0.382 Fibo level - lower edge of the falling wedge.
VET is forming a perfect triangle!The best time to buy VET is now! It looks extremely good.
Triangle has been forming since 18. Aug and we can now expect a huge spike up in upcoming days. It is just a matter of days. Be patient wait for a few days and you will see positive results.
It also depends on BTC which has "quite" calm these days and that is why almost all altcoins are flying and making great profits.
Yet VET belongs to TOP 20 coins. Then the volatility is much less than other coins with a very low volume.
What do you expect of VET? Huge spike up or huge dump down?
Comment it below!
Your exclusive signals!
VeChain long VeChain daily has reversal signs - wick into a bullish engulfing, good risk reward at the moment going to long to the channel middle.
VENBTC: Looking for Potential BreakOutHi All,
Hope all your trades are going well.
It's all in the chart for VechainThor VENBTC.
VENBTC just made higher high within the channel.
RSI Level: Shows Oversold by a big margin.
Probability: 60% VEN go Higher with a 40% VEN go lower.
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 and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
VEN - Last chance to get in BEFORE TAKEOFFHey guys,
This time i am presenting you a bigger picture of an altcoin with amazing potential: VeChain.
I was honestly surprised by the perfect harmony of this technical analysis.
The intersection on the green support line of the triangle with the .236 fib retracement pattern coincides perfectly with the lowest price that VEN has hit in a while.
Coincidence?I don't think so.
HOW TO TRADE: Just buy this now,below 25-26k satoshis .I don't think that we are going to see these levels any time in the future.
Keep in mind to have a stop-loss set at your own discretion,but i wouldn't recommend setting it over 18k satoshis.
If the triangle is respected,the estimated outcome of this trade is of about 85% profit.
I wish you all an enjoyable weekend!
VEN/BTC Increasingly Steep DescentMeasuring each subsequent lower high on VEN's recent freefall reveals to us that the descent is getting increasingly steeper. If you feel like trying to catch a knife, treat this as a bounce play and sell for 10-20%
VeChain - Where to buy the dip!VEN/BTC making a downward move, to me it looks like it is in a C wave of an ABC correction. First target for potential support is at 25611.I will be buying at star if we get there and adding heavily if we get to 3 stars. Feel free to drop any question or critique my TA. Trade Safe!
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.***
$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.
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
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
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!