VenBtc going for massive run???Previous setup hit first target, I still bullish long term the wave count had changed.
TA:
- Golden ratio zone
- Formation of 3rd of 3rd subwave
FA:
- Positive news regarding China supporting blockchain technology
- Alpha Test Aplication 15 June
- Mainnet 30 June
TP:
-1:1 for 3rd wave (never the shortest wave)
- Previous high with around 1.27% extension
- Break previous high for 2% extension
- Conclusion:
Is a good opportunity to accumulate till the mainnet launch with China possitive gournment support!
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
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VENBTC
VENBTC - Looking Strong For A BreakoutPosting about a series of Alt Coins that follow my relatively straightforward criteria these days for when Bitcoin is in a slide. The four parameters are:
1. Above the 50 day MA (RED).
2. Above the 9 day EMA (Orange).
3. Above 50 RSI - Even better if Above 60 RSI .
4. Positive trend in MacD .
Coins already meet the parameters include ONT BNB and EOS. ZIL will join them soon, as will WTC.
Ven Definitely meets the parameters!
The problem: Is VEN going to complete the Inverse H&S?
My prediction - Yes.
Why? The 9 Day EMA and 50 Day MA are crossing over. This is a strong bullish sign that has historically preceding runs for most, including VEN. Between the current price and a breakout is really only 2 levels of resistance, 1. The 50% Fib Retracement and 2. The Neckline. Also, if this is in face the beginning of a wave 5, the smallest length of the most likely three outcomes still would result in a breakout. So if this showdown at the neckline fails to find a breakout, then this wave 5 is severely stunted and unfitting. However, it must be kept in mind that necklines are often strong resistance, and, to make things more difficult, the RSI and MacD look like they could be starting triangle patterns so resistance will be there as well. So while I am bullish, there is some hesitation with this call.
How to play it: If not already holding, the time to buy is as close to the 9 Day EMA as possible. The shorter time frames show a bullflag is forming, so there might be another opportunity to get in below 52000 which is where the 9 Day EMA will be within the next 2 candles and I expect the 9 day EMA meeting the price will cause a nice bounce. I am holding and bought in just at 48500 when the price found support on the 9 Day EMA. Stoploss options are below the 9 Day EMA for the risk adverse, and below the 50 day MA if you are willing to take a small loss. Of course the stoploss will scale up with the price. Initial target is the neckline, and then all eyes on the potential breakout. If it breaks out, then the next target is 63000 with home run potential of 86000 and a new ATH.
Lost in VENCant seem to find any good trendlines on VEN. Anybody having an idea? Trying to learn myself the basics of trendlines.
VENBTC - Looking Bullish Yesterday VeChain (VEN) closed above 0.000533, it is aiming 0.000533- 0.000599 levels.
VEN is above all the 4 moving averages, with red SMMA(21) crossing up the BB(21). This suggests a bullish trend upcoming. However, there's a strong resistance in the upper Bollinger Band, where VEN is almost touching, and the 0.23 Fib level broken and it is not retested yet. Pivot point also lies there. If Bitcoin fails to hold the current price levels, we can expect VEN to lose this Fib level as well and a dip to the blue line is possible.
RSI and stoch RSI both are signaling oversold and Volume is not supportive. Volume is decreasing, creating a bearish divergence with the price.
In this case, a further dip to retest the lower levels (0.00048 levels), is likely. Just below it VEN has the blue line support (0.00045). It was the support in the past week. We expect a correction. A conservative buy at the 0.00048 region. This TA is valid as long as BTC trades above 7500$ levels.
VENBTC 1D TF triangle patternTriangle pattern
bearish if break out 44.5K satoshi, bottom of triangle to test 40K satoshi.
bullish if pound above 50K satoshi, to test 60K satoshi.
Ven Bearish Cypher Short at D target, stop loss at X. I'll take some profits at a 38% retrace of CD and let the rest of the order ride.
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.
VEN - Mainnet Madness already started Bearish divergences ignored and is heading up again.
56000 is very crucial for VEN. If it breaks this in the coming days you can expect another 60% increase at least for june.
VEN possible breakout ?Large ascending triangle. VEN playing this channel nicely with potential accumulation/consolidation. OBV has been consistently high for a while. Possible 65k sats in the coming weeks.
Expect it to continue playing this channel with a possible breakout if we get a surge in volume.
Obviously depends if btc hands tight...
VEN 6/06hello guys
Ven did not retrace enough in my buy zone, I have 1 option to do and that is to accept it for now.
If we assume that this was the retracement.
What's next?
We're at resistance as I'm writing this, we have 3 possibilities.
1) break the resistance and start a small rally to the target zone that will give you +- 10% gain
2) correct to my buy zone
3) go sideways and then to the moon :)
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tipjar: btc 17wEgVDCLGHjU7T9HRvaYdESopUeeDXJBY
VEN:BTC - Cup and Handle Pattern for 75% Profit PotentialHi All, So VEN VS BTC has had a nice cup and handle forming since around the 25th of Feb. Unfortunately data for this pairing on TV only goes back as far as mid May; however I have used Coinigy to confirm the pattern and have added it in just so you can see where it approximately sits in the scheme of things. I have measured the height and subsequent target on a breakout out the rim and also added them in for reference.
It is important to note that we need to see a breakout above the rim WITH Supporting Volume before considering this trade active. However if we do see this then the target is up around 0.0092500 for anywhere from 50-75% profit depending on where you get in. I am pretty confident that BTC is about to launch upwards in the next couple days and it will drag some alts with it. Given this pattern is primed and ready to go, and I quite like VEN - I have broken all my rules and gone in now aiming for around 75% profit. I do however suggest you wait for the confirmed breakout before attempting to make a profit; unless you truly do like VEN like me (and can see yourself holding it in the unlikely chance we do not see the breakout with supporting volume and the pattern is invalidated).
Trade safe!
VEN 4/06Hello guys
So for VEN we're going down as you can see XD
First support to watch is 49010 but I don't think that will hold, what I'm expecting is that it is going to drop further to the buy zone somewhere there.
Also 4h rsi has already met OB conditions and the macd is ticking down and probably is going to cross bearish.
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disclaimer:
The Legal stuff - I'm not financial adviser.
VeChain Upside potentialVeChain (VENBTC) rallied last week and closed above the 0.0005 resistance level.
If price makes a pullback, we can expect the 0.0005 level to act as support and the rally to resume.
If the rally continues, we can expect it to reach the resistance level around 0.00062 and possibly continue further.
Good Luck,
CryptoTrendline
Bulls are gaining momentum! Long VEN @ $3.50 USDSee chart for notes.
Break in bearish trendline, and retest in previous demand area; Retest broken trendline(last kiss)
Looking for retracement back to 3.50 USD @ 62 fib before adding more orders.
VENCHAIN, the sleeping mover!Publishing it late due to lots of work in the paid group,
but it has followed my chart quite precisely, take your pick!
Good Luck!
Potential C&HWatch out for this one. Handle target lines up perfectly with good resistance. Potentially making a larger cup. Bottom finder is going nuts also.