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Venchain

Distribution: Wyckoff Phases for #VENPSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC —buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, and heavy or urgent buying by the public is being filled by professional interests at prices near a top. A BC often occurs coincident with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR —automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST —secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. If a top is to be confirmed, supply will outweigh demand, and volume and spread should decrease as price approaches the resistance area of the BC. A ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs, then quickly reverses to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW —sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY —last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD —upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element: the TR in Distribution Schematic #1 contains a UTAD, while the TR in Distribution Schematic #2 does not.
VEducation
by taylor.ranny
15
VEN - 60% probability for short term AND long term gains.Hello! Today we are going to give you give a projection of one of our fav altcoins! It doesn't matter if you are flipping this long or short term. Either way, now MAY be a great time to get in Venchain and see your crypto grow in front of our eyes. ETH has pretty much destroyed VEN during the latest bounce and we expect at trend reversal if the marked keeps stagnating through the weekend. We may a have potential short term opportunity in VEN and we want to share this idea with our followers. Remember to have proper S/L (I'm not a oracle) Best D
VLong
by deucedd
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.
V
by maheswar81
5