Get started

Vetbtc

VET/BTC broke the .382 support level. Could move lower.VET/BTC broke a key support level around 165 (.382 fib level) and has been unable to get back above it and hold above it. On one end, we can see the 4-hour RSI printed some bullish divergence as shown by the orange lines on the price action and on the RSI, but it was unable to get above the light-blue line which has been acting as resistance on the 4-hour RSI chart for a little over a week now. On top of VET/BTC being unable to get back above the .382 fib level, we can see the 4-hour EMA's will now act in conjunction with the .382 fib level as resistance, and I suspect VET/BTC will be unable to break that much confluence. I'll be watching for a move down to the .236 fib level around 141, or possibly a retest of the bottom around 101 should the .236 not be able to hold. If VET/BTC can get back above the .382 fib level and hold that level as support, then there is a chance it could look to meet some of the 4-hour EMA's, and if it can get above those, there is a chance it could move to the .5 fib level around 185. Area's to watch for entry: 141 (.236 fib level) 101 (0 fib level, could form a double bottom if it holds this level.) --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
by Deftsuo
2
VeChain - Nearing the end of its falling wedgeI see several bullish indicators on the VeChain daily chart. 1) The price action has been in a falling wedge since its August spike and is nearing completion. 2) We hit the .618 Fib retracement mark. 3) Support and bullish divergence can be seen on the MACD. 4) The tightness and low volatility of the price action makes me think we'll be met with some high volatility soon. I could see the price action falling a little more before breaking to the upside, but any buy between the the .618 and .786 retracement levels will be a great price compared to where the price will be in December.
by jpbrown1023
2
VET poised to break from its flagVET has corrected considerably after its sharp rise. We are sitting below the 618 retracement line, although price is flirting with the upper resistance of the channel. VET has continued to show bullish divergence on RSI as price hits lower lows while RSI is making higher lows. Price is also currently flagged out but there is heavy resistance above with the channel and most of the higher TF MAs sitting above our price. It seems more likely that we will take one more drive down before going up. The 153/155 level looks appealing. It is the 768 fib of the previous surge, the 618 of the parallel channel, a horizontal support, and 1.618 extension of the most recent local uptick. A bounce from that spot would paint another bullish divergence and set us up to retest the upper resistance. If we break it, then I have T1 as the top end of the previous surge (268). We would also potentially creating a cup and handle pattern, so watch for the handle to begin to form in that price region. If VET were to break out of the channel here, then I will buy on the break out with the same target.
Long
by nfamy
Bullish Wolfe Wave on $VET ? I've been following $VET since October 2017 and not worried about current correction. Green box in the chart is the area where I expect a bounce. Current price pattern looks like a falling wedge (reversal pattern). Yesterdays dump however reminded me of a different pattern,when I saw price dropping a bit out of the pattern: the Wolfe Pattern...... Wolfe Pattern is a reversal pattern where you can trade the bounce or the Break Out. As I strongly believe that past price movements show suppression and accumulation, I would wait for the break out. Red lines are the Estimated Price Arrival and showing a quick move of approx 35%. I don't trade the Wolfe Wave in Crypto, I'm more curious to see if this pattern is going to play out but I'm reserved about it due to the strong price suppression and my initial bounce target. More info about Wolfe Wave Pattern: www.investopedia.com
Long
by Crypto_Ed
[VETBTC] VeChain Trade [100%+ PP]Recently had a name change from VeChain (VEN) to VeChain Thor (VET), this is one of the most famous cryptocurrencies out there. With a very strong project, it is in the top 20 cryptocurrency by market cap. Let's open up the charts, and see how we can trade VeChain. Analysis: - This chart looks quite different to most of the other charts we've been looking at lately. You can see a very strong drop on the first portion of the chart. This is the 14th August low that we keep seeing, this is when the altcoins market first created a low point. Market wise, we had another strong drop which hit by 12th September, this is not reflected in the VET chart above. The 12th September drop here is much smaller, this is because all of the weak hands (sellers) were removed on the strong drop before. - We have strong bullish divergence on the 4h chart, with a reversal candlestick and above average volume. All this can lead to a break up soon. Upcoming events - VeChain (VET) 31 December 2018 (or earlier) System for BYD Vehicles: VeChain has developed a system which will be implemented in over 500.000 BYD vehicles before the end of 2018. Trade instructions VETBTC (VeChain) Buy in: 0.00000175 - 0.00000195 Targets for VETBTC by Alan Masters: (1) 0.00000220 (2) 0.00000240 (3) 0.00000272 (4) 0.00000292 Stop loss: Close daily candle below 0.00000171. (Updated 15-Oct.). Capital allocation: <10%. ACCOMPLISHMENT You start with your mind, like a game, with your thoughts. Then starts the action, your body gets involved. You start to move, play around, starts the game. Your are in it to succeed, you are going all the way. Finally the finish line, I can see the goal, I can see the end. This is my accomplishment, you have to live it to understand. Namaste.
Long
by MasterAnanda
4