Vechain looking primed to rocket!
VET has been forming a rounding bottom for the past few months and might be ready for higher prices
We are currently right above support and on the round-bottom trendline so anywhere near these levels could be good for a long
Targets are listed on the chart
Volume has been coming in over this span of time, which could mean higher prices are in the cards if BTC consolidates and doesn't drop sharply in price
Thanks guys!
Vechainthor
VET : VeChain Trading Setup Upto 200% !!VeChain Falling Very Hardly to Test on his previeous Bottom 100 satoshi if Price Restest On this Level and Hold this Price then You Buy BetWeen 100-105
and Set For these Tragets 260 and 320.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
iF You Are Buying Then Buy own Risk Rewards Ratio.
Thank You !!
The Truth About $VET You Need to Know. It's a .....VeChain is a public blockchain platform that focuses on supply chain management and smart contracts. It is commonly listed as VET on crypto trading platforms. VeChain was the only top 20 cryptocurrency that did not show negative returns in the first three months of 2018, instead gaining 28 percent. In April 2018, it was the 17th largest cryptocurrency. (Wikipedia)
Right now it's sitting at #19 on coinmarketcap with 55.5 billions circulating supply and 86.7 billions of total supply. VeChain is from China and was born almost 3 years ago, right now they have a great office in Singapore.
VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real world applications.
It's a great project by the way, but it's quite new for me. The truth is that this volatility on the market price on VeChain can't convince me that i have to have this on my portfolio list rather than stopped only at my watch list because it's quite tempting for their ambitious VeChainThor project. I suspect nothing but good for their future, but i need to consider that i have to be careful right now towards some project.
Well, it's me. How about you?
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
VECHAIN BEING ACCUMULATED BY WHALESRN VET is heavilly surpressed by whales, lots of fud, trying to push the price down by the weak hands
Why should we go up?
1) So many real world partnerships
2) hidden bullish div
3) whale accumulation
4) 65% of supply already locked in masternodes
5) 5-10 November 2018 | China National Import Expo
6) Many ICOs incoming
President Xi Jinping stated:
“It is not just another expo in an ordinary sense, but a major policy initiative and commitment taken of our own accord to open up the Chinese market.”
Node and rewards overview: vechaininsider.com
NORWAY x CHINA partnership: twitter.com
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.
VETBTC - Imminent pump is likelyWe are seeing some altcoins pump lately, and they are forming a pattern. After the big retracement from -30% in altcoins, NANOBTC began taking the lead of an other coins "rally" (I dont call it alt because ETHBTC and big guys are losing dominance to BTCUSD)
ICXBTC, WANBTC and NANOBTC are momentum players which did this pattern of reaching 1.618 fibo level as a continuation of an upside movement.
VETBTC and ONTBTC are in a very similar position at the moment, but since VETBTC has a better chance of higher ROI, I am making this trade.
Stoploss is tight which makes really good for risk/reward trade
It is very important for bitcoin to remain sideways or rise
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...
Vechain - An UBER-BUY no-brainer at this price?Quick post:
-Vechain almost at the likely bottom of its correction (78,6% correction horizontal in blue) - around 20.000 satoshi. Currently at 22.000.
- Given the incredible fundamentals of this one, this might be a good, if not a very good, if not an amazing and scarce opportunity for purchasing some.
- Looking at the RSI: only at 5, or in normal language: incredibly oversold
- MACD still needs a bit time before a golden cross can be forged accordingly
- All things considered, this is an incredibly oversold token
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!
Vechain long-term trend = LONG !this is my first trading idea so be gentle please !
So Vechain has known a massive price increase when first released on the markets. Since then the price has been consolidating between 2,50$ and 5,50$.
Vechain is one of the only cryptocurrencies out there that actually try to solve real business use cases. during this bear market their partnerships have grown as well as their development team.
30 June will be the date they will release their mainnet. I expect a rise but nothing extraordinary. this bear market is way too strong now for vechain to be able to do 2X.
Instead I drew a long term trend line based on the Crypto J-curve principle. For those interested in reading more about this:
medium.com
Once the new mainnet is fully implemented and businesses will start to use it I expect another growth cycle just like Neo has seen last year when it succesfully implented its mainnet.
This new growth cycle will catch speed once the upper resistance will be broken.
If succesful I expect a rise to at least 15$
Thanks for reading!
Let me know what you think
VeChain Price Analysis -- June 8, 2018My full, co-authored, Price Analysis can via Brave New Coin >> bravenewcoin.com
Summary
In the short-run, one would expect that the strong start to June will continue as hype surrounding the mainet launch continues. The technicals for VEN are mixed and bearish, but price is currently forming a positive trend while re-attempting a Kumo breakout from an oversold bounce.
The prudent short term trader (10/30/60/30 settings) will await a positive TK cross, Kumo breakout, and price hold above $4.70 before entering a long position. The prudent longer term trader (20/60/120/30 settings) will await a positive TK cross, Kumo breakout, and price hold above $5.89 before entering a long position.
Given the current oversold bounce and uptrend, price targets of $4.25, $4.50, and $5 are likely. Additionally, given the wedge and channel breakout trends, a failed Kumo breakout would probably be short-lived until a successful breakout occurred with price targets of $6, $7, and $8 (longer term). However, awaiting a successful Kumo breakout may help avoid a “head fake” and the accompanying downside risk of $3.50, $3, and $2.50.
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.
VECHAIN: LEDGER SUPPORT & MAINNET (JUNE 30) - PROFIT = 26.80%!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 29th of May 2018.
Using this buy in point and selling at today's peak price you would have expected to net 26.80% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 10: VeChain announces a partnership with eGrid, a leading publicly listed ERP, SCM and CRM solution provider to synergistically provide comprehensive blockchain technology backing for a significant portion of China’s automobile industry.
April 12: Vechain announces masternode selection process begins with total selection of 101 VeChain Thrudheim (Authority) Masternodes.
April 14: Vechain is selected as one of the top 30 startups selected for 2018 LVMH Innovation Award.
April 23: Vechain partners with INPI ASIA, the VeChainThor Platform which incorporates nanotechnology with digital identification to provide solutions to some of the worlds most complex IoT problems.
May 5: PwC HK is now in discussions with VeChain to provide trust based services on the VeChain platform. This will require the use of VeChain Tokens to access and perform transactions on the platform.
May 10: Vechain lists on Bitfinex.
May 17: VeChain signs a partnership with Bright Foods and its IT/Tech subsidiary Shanghai Xiandao Food to integrate blockchain technology into Bright Food (Group) Co. — the second largest food company in China.
May 18: Plair announces that it is the 1st ICO to launch on VeChainThor Platform.
May 19: The VeChainThor launches its Alpha Test.
May 23: Bitmart Exchange lists Vechain.
May 24: Flyp.me lists Vechain.
May 25: Vechain announces that it plans to use it's blockchain to verify wine origin.
May 25: Vechain is announced as the runner up to the LVMH Innovation Award.
May 28: VeChain signs a partnership with Lingang International Manufacturing Exhibition Trading Center.
May 30: Decent Bet migrates and releases their mainnet on the VeChainThor Blockchain.
May 30: Mustangchain a VeChainThor Blockchain powered solution for the $300B equine industry is released.
May 30: Sunny Lu presents at a keynote to over an audience of over 40,000 and serves as a judge at the 2018 China International Big Data Industry Expo.
June 2: VeChainThor Platform bas been undergoing a series of third-party blockchain security testing, alpha testing, code audits, code testing, and mobile wallet security testing over the last month. In particular it has been working with the following companies: Secureware, Hosho and Slowmist.
It aims to complete security audits for the following:
VeChainThor mainnet source code
VeChainThor mobile wallet
(NEW) June 4: The public beta for the Tokenomy platform has officially launched and lists VeChain.
(NEW) June 5: VeChain announces that 1st preliminary review has been conducted of Authority Masternode candidates and that potential applicants have been contacted.
(NEW) June 6: Ledger (cryptocurrency cold storage wallet) announces future support for VeChain.
(NEW) June 30: VeChain has announced that this is the date for the upcoming mainnet release date. This will involve a subsequent conversion of 1 x VEN ERC-20 token to 100 x VET tokens on the mainnet. The price of VET will be 1/100 the price of a VEN token.
The general uptrend in the crypto markets, Vechain's as well as the positive developments above have caused an increase in demand for the Vechain which has forced up prices.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
Vechain finding support again, & looking greatI've been following Vechain for a while now and fundamentally it's an astounding business - 250+ partnerships amongst which projects to e.g. put the supply chain of BMW right into the blockchain.
Quick post on the technicals + note that you can find my previous posts on Vechain here below in the "link to related ideas".
Recently, Vechain broke the long term support and the cup & handle formation, but I think this is mostly a temporary anomaly / perhaps have to redraw the cup-part.
In any case, price fell out of that pattern so it could touch and find the support on the horizontal 50% Fibonacci level (light green horizontal). The point where this happened was also exactly on the 61,8% Fibonacci speed resistance line (the diagonal depicted with a 0.618 next to it).
Since then, we already moved back above the long term support line and we are confirming support there.
Indicators are oriented bullishly (MACD; RSI) and fundamentals tell no other story. Our called-out "TRUE" buy moment, has not let us down, and we will see new gains soon. Especially if one considers the giant triangle formation Vechain is about to break from either direction. So, it is definitely time to keep an eye out on this one.