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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.
VLong
by A_Cryptastic_Mind
VECHAIN's bull run - what's next!I called the bottom and new "BIG BUY" moment for Vechain in my last post on April 12th (with the actual bottom at 01/04). You can see my graph back then here below (you can also click on it to see how it unfolded until now): For obvious reasons, I cleaned up the graph a bit and you can now clearly see 3 important points in the graph: - Point 1: BIG BUY moment for Vechain (based on MACD, RSI, Stochastic Momentum Index, etc. - definitely see my previous posts for deeper understanding) - Point 2: BIG SELL moment (same rationale) - Point 3: the BIG BUY moment I highlighted in my previous post of April 12th You can also see that I highlighted a "point 4" in the graph, which is where we are more or less now, and you can see a couple of things: - Price is stable around the Fibonacci retracement level at 51579 sat. - There is a strong support around 49000-ish as well, visible by the white line connecting the previous bottoms - A cup and handle formation seems apparent, and the graph is still moving around within that spectrum. We can also see that we are close to the cup and handle support there. You can also see how it looks like on the 4hr graph, with the shorter term Fibonacci horizontals: We seem to have a crossing there of the cup & handle bottom and the white support trendline at around 47000-ish. Indicators and the cup & handle formation suggest that some more consolidation could follow so that we continue nicely on their support levels. We can also increase somewhat more rapidly, indicators are not too clear in my opinion (after a quick & dirty analysis though), but I think the most important is that we have strong support levels, an incredible fundamental story (over 250 partnerships, a.o. with BMW, Louis Vuitton, Renault, etc. etc.) and stakes in the company by PriceWaterhouseCoopers (PwC) and some big whale investors. Conclusion: The fundamental story behind this one is incredible, it's almost unbelievable that this one didn't moon yet. Looking at the technicals, we see strong support levels not far down, so the reward/risk ratio is actually immense, especially in the longer run. Have a look for yourself, DYOR, and get your own stakes in Vechain if you think it's worth it! (Also have a look at my website - see profile - for fundamental analysis(or directly twitter follow) Thumbs up on the right of this post ;)
VLong
by A_Cryptastic_Mind
2
VeChain (VEN) Could Be The Ethereum Of BusinessMany of us know VeChain (VEN) as the coin that regularly makes double digits gains and has almost recovered its losses following the recent correction, but what does it actually do? VeChain (VEN) can be rightly called as the Ethereum of business for its ability to bring transparency and oversight to business operations at every step from manufacturing to supply chain management. This is achieved with the help of its cutting edge technology that uses RFID tags and sensors to track products through smartphones and computers. The whole process is completely decentralized and data is recorded on VeChain blockchain for all stake holders to access. Read Full Analysis Here: cryptodaily.co.uk
VLong
by Jefe
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
The TRUE buy & sell moments for Vechain, continued: BUY!Introduction: I already discussed Vechain Thor’s price movements at length in the previous articles: - The TRUE buy & sell moments for Vechain (+ the next BUY moment!) , and in its sequel: - The TRUE buy & sell moments for Vechain (+ the next BUY moment! Ctn’d) Here is a very quick recap: In 1 (see MACD Region of the graph), we had a bullish triangle break-out accompanied by a golden cross in the MACD and a similar bull cross in the Stochastic Momentum Index ("SMI"). Other interesting indicators providing more convincing of a pending bull break-out at that time were the Chande Momentum Oscillator, and the Relative Strength Index. All that made the number 1 bull break-out on December 13th: Weeks later, +- on the 24th of January, we saw the opposite: a trend reversal preceded by a Heikin Ashi doji, and accompanied by a death cross in the MACD in 2, and negative sentiment in the "SMI". Consequently, this moment can be highlighted as the bear break-out (number 2). I then warned for the buy the rumour sell the news phenomenon, an event that subsequently took place on the rebranding day of VEN to VET, on the 26th of February – in 3. I highlighted the divergence between price and Chande Momentum Oscillator somewhat later, which preceded a bullish triangle break-out, although short-lived, in 4. I also called that moment to be the next big BUY moment, but I was a little bit too early with my prediction. The MACD was indeed headed for a bullish cross, but due to the negative market sentiment first had to take one more leg down (albeit relatively limited). Conclusion - TODAY: However, if we look at 6 today, we see that we have practically everything that makes for a good recipe for bull-cake. --> We have the MACD finally inclining upward with blue above red and just after a bull cross. --> We have positive sentiment in the Stochastic Momentum Index, --> we have a break-out of the negative trend channel that has been holding VEN hostage ever since the Bear break-out on January 24th. --> And we seem to have a decent support at the 61,8% Fibonacci retracement level. Currently we are flirting with the first 23,6% target level (see 7) after which we could head further towards 8. --> Even if we bought in 4, we had ourselves a nice upward move where we could've taken profits, or we could've stayed in our position in the assumption we already had the big buy moment, which would mean a temporary & small loss position, that has already turned positive in the meanwhile! So, hereby I would like to correct the “True Buy moments” for Vechain a little, by moving that moment from 4 to 6 (first of April), which is just before the triangle and negative trend channel break-out, and which has all the required indicators going for it. Move the TRUE buy moment from 4 to 6: Vechain, the floor is yours.
VLong
by A_Cryptastic_Mind
1
Vechain trying too hard!last night we saw vechain announce a 50 million token lock up for there highest node for march 20th, " i would like to add there ceo tweeting about the low price quote "I guess that’s the price of Transparency" which is quite unprofessional but it seems to me that they are bothered by the current price. vechains marketing team is smart for the short term price but not long term (not until mainnet june!) with an 800million supply and a 50million lock up simplified thats 80-5 not much.. (last night vechain was touching below a key support line right when the team made the announcement, the majority of there team is based in china and that announcement was made at 11.52pm! coincidence or orchastrated?) vechain still needs a healthy correction and i dont believe the current price will suffice, remember the 10x run up in 2 months? consolidating isnt over! looking at rsi trends i think we will see (short term dip)
VShort
by jak0o
2
POSSIBLE VEN UPTREND IN THE MAKINGAs you can see from the chart there are a few resistances at play here with the big bad strong one being labeled as resistance 2 on the chart. IF we can break through these two resitances then target 1 should be easily attainable with a possible 2nd target of around 840k. Look for a couple bounces here off resistance though. My play here is to wait for breakout confirmation before jumping in for a long position and riding the wave. Of course this is not to be taken as financial advice as im just some clown with a keyboard and a half a brain.
VLong
by bubbap22
Vechain – 3 days before the big dayLet's have a look at this crazy graph, in our great expectation of Monday 26/02 - rebranding day! In my previous posts I called the first buy and sell moments in 1 and 2 respectively. Then we got to the end of the white triangle formation with all indicators going for it, Vechain broke out. It moved right up to breaking out of triangle number 2. (I made the post there of " Strong support for Vechain Thor" . And it is now very close to its rebranding moment on 26/02 (Monday). This is a Heikin Ashi chart. And as you can see in the last three candles, the dojis and spinning top tell us that there is lots of indecisiveness now regarding where price should go next . This is actually a bullish sign in this case, because the entire crypto market is shaking on its foundations again the last couple of days, with Bitcoin retracing from its almost uber-bull break-out, for which we’ll just have to keep waiting a little longer. So, the market goes down, and Vechain is consolidating at this new price level with no clear direction yet. If we look at the stochastics , we see a bullish cross in the MACD and all the bullish momentum that still has to come from there. The RSI is showing slight upward momentum. Volume is halting a bit… VEN rebranding day shall have to tell us more on the next price movements. But given that the rumours go that they might perhaps announce a BMW partnership together with their rebranding, maybe this time the old adage of "buy the rumour sell the news” might maybe be “buy the rumour and buy even more on the news” - that is: if Vechain indeed would play it clever on rebranding day. Notice that Vechain is also actually trading in a shorter term upward trend channel. Support levels are at - 52922 sat, and 51522 sat - Next support at 45110 sat, and 42278 sat Resistance at - 58409sat - 63896 sat Good luck and have a look at my website where I also explain the fundamental story behind this gem (7 reasons why vechain will soon be one of the crypto top 5) ;-) This is not investment advice, DYOR
VLong
by A_Cryptastic_Mind
6
ASCENDING BROADENING WEDGE - BULLISH DIVERGENCE! VEN -> 2XWith rebrand coming up in less than two days, VEN is looking incredibly sexy. VEN is currently in an ascending broadening wedge, looking to test the support line in the next couple days. The OBV is testing support which has been holding in a solid uptrend. We are also seeing a bullish divergence in the OBV, another buy indicator. A bounce or false breakout is likely at this point. VEN is looking to 2x by April. It's been one of the few big winners of 2018, and I don't see any reason for it to stop. Look at the target zones. I would still wait to take a position until we see it bounce. Put a stop loss just below the support trend line at your entry point. Also, let me shill real quick. VEN's fundamentals are amazing. Put your money where TA and fundamentals agree.
VLong
by intgsull