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VENBTC

VENBTC Bullish - 98% ProfitHey Guys: BINANCE:VENBTC is our next coin of discussion. Looking at the 1D chart on the left, it appears that BINANCE:VENBTC has reached the bottom of the correction. Entry Point: No surprise here, we're gonna want to get in between the 0.236 and 0.382 Fibonacci levels. Should we fail to break the resistance around 0.0000615, look to set a buy order around 0.00043. Target Points: (1) 0.00073007 (2) 0.00082318 (3) 0.00091628 (4) 0.00104883 (5) 0.00121768 Stop Loss: Look to set a stop-loss below the Fibonacci level that you entered the trade at. I will post an example once a position is entered. Indicators: 1 Day Fibonacci The Trend-Based Fib Extension to gauge potential support/resistance levels after we've gone through a correction of the previous trend. This is where the price points are taken from. Moving Averages: The 50-period MA (blue) supports a strong uptrend over the past three months. We should be fearful if the 20-period EMA (Orange) crosses below the blue MA. Sniper T3-CCI We will wait for two or three candles to close above the line. This event will confirm the bullish trend. 4 Hour Fibonacci We use the Fib Retracement tool to show the inner support/resistance levels that lie between those Fibonacci levels on the 1D chart. For example, we can see that within the 0.236 and 0.382 Fibonacci levels on the 1D chart lives two additional resistance levels; 0.00062273 and 0.00066825, which are shown on the 4h chart. Moving Averages: The orange line crossing above the blue shows an uptrend. A good idea before entering a position may be to wait for the Golden Cross . This would greatly confirm the bullish trend. Sniper T3-CCI It would appear that we are due for a correction from the current uptrend. A healthy retracement down to the 0.326 Fibonacci level would promote a healthy uptrend afterwards. That being said, just because it has been above the line for a while, it doesn't mean that it must fall. So, we will want to monitor this as time passes. Summary I know this is a lot of information but it's what I'm taking into consideration before entering my position. We will adjust along the way. Good Luck! -Matt
VLong
by TroutHouse
8
VENBTC (Bear Trap) VEN starting to get resistance from past price action. All 4 Signals are BULLISH and we just started getting the Bullish sentiment in the future after the Kumo Twist. This dip in the last two candles is healthy and should help us move through the resistance. RSI is cooling off and has been going down while the price continues to go up. Likely to become oversold and help give us the push through the resistance. If price action does continue to break down it is unlikely that it goes below the support from the chikou span valleys or the Tenkan-sen line. If it continued further RSI would be severly oversold and more support at the Kijun-sen. A Kijun Bounce signals a 50% retracement and is a bullish signal basically saying the MM's who took profit at the top see this as the perfect opportunity to stop people out and buy back in.
VLong
by BernieGreen
VeChain (VEN/VET) ready for another bull runVeChain BINANCE:VENBTC looks good and bullish as it broke out of its consolidation triangle, did a successful re-test, and now is heading back higher on strong volume. This is good confirmation of the trend-change back to the upwards and would be a good time to get in. VeChain also has a PR/rebranding event scheduled for February 26th, so I imagine we will see a run-up to that. My technical analysis timeframe is long-term. This is not financial advice and is my personal opinion.
VLong
by dagenn99
Ven, can it breakout and touch 75000 sats?The price trading above the 100 EMA and 200 EMA in 4 hrs, gaining the support can take push the price above the triangle. The breakout can bring in more buyers to trade the pattern which can push the price upto 75000 sats. One can trade the range of the triangle by buying at 49000 sats and selling at 53000 sats, once broken above the triangle hold for more targets. --------------------------------------------------------------------------------------------------------------------------------- A simple chart pattern is enough to take the trade, than complex indicators. All you need is volume, support and resistance levels.
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by maheswar81
5
Ven short term prediction + Long analysisHello guys ! Vechain is about to rebrand. We all know Vechain has been a very popular gaint in crypto these past few weeks. If the rebrand is successful, we could see another NEO run. However, considering the high market cap and high amount of tokens, I sincerely doubt this will get to 100. But we can aim for shorter targets easily. However, for the short term, I drew a prediction that could work. It might not dip to demand zone, depending on what happens, however profits should not be taken before my target, because the rebrand is coming soon, and we have room to grow.
VLong
by Zebre_Trader
VEN/BTC 4H Chart, NEARLY READY! Plenty of upside here $$After a nice and long run up VENBTC has sold off and come back to test its 200 EMA on the 4H Charts. Now back above its 200EMA (The Green line) its rallied up above the 0.000568 resistance level (The Red Line), and then pulled back to test it and the 23.6 Fib Retracement (The overlay also a red line). While rallying up its corrected the order of the EMA’s for trend, 20 has crossed above 50, which is above 200, which is a Good time to buy.   I have a decisive buying bar setting up and I will buy the break of the high of that bar as long as it closes above resistance at 0.000568 (The Red Line) I will watch it carefully to make sure it takes out the recent high. Its an early resistance level that needs to be beaten.   Entry: 0.000594 (providing this bar closes above 0.000569 Stop Loss: 0.000552 (Bottom of the bar) Targets: 0.000636, 0.000701, 0.000750 (The Black Lines)   If you want to make dollars your decisions need to make sense. Follow for more trade ideas I will be posting another buy opportunity today.
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by DollarsAndSense
4
Vechain | Preparing for Alt Season!To kick off the last altseason in December, I called Zclassic which has gone on to do a 50x from my call price. Vechain will not do a 50x at this point, but 2 - 10x is still feasible. I like VeChain a lot because of the fundamentals alone. This coin is actually extremely ahead of most coins in regards to adoption, even ahead of Litecoin and Ethereum. VeChain already has a government contract with China to provide blockchain services. Part of the service they provide is ensuring quality of products, and combat against the black market in China. The above should be enough, but they will also be rebranding end of February, providing a nice catalyst for price action. I like the support we are at now. Support could break if Bitcoin goes to the lower $9k, which would give us an even nicer entry. ----------------------------------------------------------------------------------------------------------------------------- I like this easy, simple chart. Super straightforward horizontal supports and resistances. Entries: 56k, 51k, 47k Short-term Targets: 63k, 69k, 79k, 99k
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by ecoinamist
Vechain: What to expect given the upcoming rebranding (on 26/02)In my previous post , I highlighted the strong support line for Vechain in the VENETH graph: That support is still intact and we are still trading quite close to it. For those who wish to open a longer term position in "VEN", this is likely a decent entry point, especially given the fundamentals going for it (do visit my website for a fundamental take), and definitely our Tweet reply to "The Coca-Cola Kid" (renown market forecast wizard). Looking at the VENBTC chart, we also see strong support in the large triangle formation , which is about to approach on its limits. Note that the chart is not drawn in regular candles, but in Heikin Ashi candles . If we look at the last candle stick on the 4-hourly (graph below), we see it is a “doji” stick (which means that the open and closing price are virtually the same, and that there is only limited movement in low/high). This doji candle is typical in Heikin Ashi charting and most of the time means one of two things: 1) pending trend reversal (note that we are talking about the 4-hourly chart, and you can see in the previous trend reversals in the downward channel that you get some green candles but not like a butload). 2) The second possibility is “indecisiveness” of the market. (by the way, at the time of writing, the doji was red, but now upon publishing turned green already). I believe this one likely hints to some upside in the short term onto the moment where we hit the upper triangle resistance, somewhere like 14/15 Feb. After that it will likely test support again before the uptake. But that is only if we look at the 4 hourly. If we look at the daily, we simply see red candles moving downwards . They will likely test support, and I don’t expect VENBTC to go much lower, given the pending rebranding on 26/02. Now, we also see a second triangle formation in pink, which could contain price movement a little bit longer. A rebranding typically goes hand in hand with some nice price pumping. Ven’s rebranding is scheduled for the 26/02 (although there have been hints that they might postpone it because of the bearish sentiment currently in the market). An additional indicator can be found in the MACD , which is taking its time to reach a bullish cross, and which might be feasible by the 26th if we would extend the red and blue line (see section under the graph, blue should cross red with blue coming on top). Conclusion: Of course you would prefer to get some clear advice on BUY or SELL. But the chart is not giving us enough information to confirm any stance. The only thing we do know is that Vechain is a cryptocurrency with solid fundamentals and with an upcoming rebranding. A bullish cross in the daily MACD is in the making and could well support a nice pumping in the next few weeks. If the triangle formation breaks out upward and is confirmed , we will have more reason to see this one go crazy. In the meantime, if you would like to buy into VENBTC, this is a nice entry point given the current strong support levels. Maybe a sidenote: if VENBTC were to postpone its rebranding, this might turn the story upside down and result in some more downward price pressure. Otherwise, best to stay a bit on the sideline and/or if you wanna make shorter term gains, maybe not the best place to be looking (unless white triangle figure gets broken). Just my five cents for the moment, updates will come!
VLong
by A_Cryptastic_Mind
7