VeChain VEN Potential Buy Zoneain the absence of big whales, the price is taking a beating. Potential Buy Zones
VEN
#Ven aka #VeChain Daily Chart Price Path PredictionsAnother Daily Chart TA. This time I Looked at #Ven aka #VeChain. On this one, I'm tried out to pinpoint exactly the key moments that should happen, either in a bullish or bearish move and that's why there are all those arrows...
*Although actually, most of the volume is at Binance, I've used Bittrex chart because it has all the coin price history.
$VEN Time For a Bounce - I'm in Long!VEN is a great project with solid fundamentals and a really strong community of people who believe in it. I think long term it is one of the best crypto investments out there and I love VEN on this dip for at least a short term trade. We are oversold on every significant timeframe and I think a bounce here is inevitable. Aiming for resistance. If I don't get there, I'm fine with bagholding this coin until it does.
RSI Bullish Div, Fan Div, Wave Cycle completeWe see an equalisation on the previous wave. Such a great project and we didn't really see a respectful response on the main net launch. I haven't used Gan fans as I normally would (well I've deleted those) and put in indicators that give clarity to the chart. This co-insides with the ATH fib retracement level and the bounce on the previous wave.
VeChain vs BitcoinVeChain - VEN
Entry 38000-38500
Exit 42930 44690 46760 53485
VeChain is currently within its Demand Zone. Our RSI is showing strength giving us a possible uptrend swing.
Stop loss 34900
Telegram link in Bio
Happy Tradin g
Ven it's time to retrace more.Vechain is heading down, target would be the next support level which is very strong. We will defiantly bounce of from here.
Target: 0.00035250
Vechain/BTC - Crunch Time, Cheap MasternodesWhats up everyone, as you can see from the chart above, I have kept it very simple.
We broke a key level of support around 38000 satoshi after the mainnet launch which was fundamentally successful although the market has lost trading interest in this coin for the time being.
Believe me I am a huge believer in the long-term Fundamentals of VeChain but as it has had a huge run up this year going from approximately 7500 satoshi to a peak of 81000 satsoshi.
I am pretty confident in a bounce off the 0.618 level at 32500 satoshi which lines up perfectly with the previous major swing low.
Good risk to reward entering in that zone with a stop loss under the previous swing low.
Remember none of this is financial advice <3
VEN's is at a crucial point.VEN could be either in a high and tight triangular bull flag or perhaps a more downward facing flag If we can bounce off of the triangular flag channel bottom, we could have an opportunity for a buy in and a scalp. Until then we could see a fall through support.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a financial professional. Past results are not indicative of future results in any construable way.***
VEN NalysisAs altcoin spring starts to gear up, VEN looks prime for a little pump soon. Falling Wedge showing on the hard candles + some big wics from when either A) fat-finger panic sellers dumped and the market ate up the panic, or B) whales are hunting stops to accumulate @ lower levels before a breakout trade.
Diversification into an altcoin portfolio would be most beneficial as coins will take turns pumping into rallies and dumping, while BTC goes on it's trend reversal bounce.
-Wolfie
VeChain teasing with a small break outAs with many altcoins, VeChain looks to have broken out of it's huge falling wedge, but not by much and on low volume. It is currently flirting with the top of the wedge and using that line as support. A bull flag pennant has formed on the 1hr indicating that price action is currently neutral. A break out can go either way. If it breaks down negatively, the measured move would be 2.19, placing the coin back into its falling wedge, falsifying it's breakout. If it breaks bullishly, the measured move would be 2.99 area. This break to the upside would also complete a nice hook and go, thus solidifying its larger breakout of the falling wedge and a nice measured move of 46.55% at 3.87. Good luck VeChain.
$VEN #VeChain - FULL ANALYSIS - a perfect 2 possibility exampleHello Lads and Ladies,
Today, as 100% requested, we will be taking a deep look into VENBTC. Unbiased, since I am not holding any YET and thorough since it is one of the more interesting charts!
We will start off with the 4h view on it to have a brief knowledge of the situation here.
We can see here a clear downtrend since June 7th when the market started blood bathing. The first interesting point here seems to be that it is very heavily influenced by the market movement but still has a strong pull upwards, since it has been bouncing everytime about 10%.
Right now VENBTC is forming a wedge and will decide where it is headed next. There is room and possibility for both ways, even though it seems to depend highly on the overall market.
Should the market bounce within the next 48h, then it will be an easy game with VENBTC taking profits at S/R lines.
The more interesting part is though the bearish scenario and we can already see some lines here (especially the 0.00038 and 0.00036) but lets take a look why these lines are so important.
Taking a look at the daily chart, we can clearly see a decreasing resistance and an increasing support.Just from looking at that we might see the next bigger stop at 0.00036 if VENBTC decided to go down.
Here again coming down to support would mean hitting the 0.00036 support and the uptrend support, which in my opinion is a huge bounce sign.
Moreover, this would be the third "deep" retracement this month, as we know many cryptos retrace in 3 steps. VENBTC has actually done that a few time before (take a look at the retracements).
So now on the daily, we apply the fibonacci retracement and see once again the 0.00036 line being the 61.8% line from where VENBTC has bounced before.
Here, on the weekly chart of VENBTC this 0.00036 line makes perfect sense, looks great, almost like in a perfect world.
But here comes the fun part to it.
Have you questioned the uptrend support during this analysis. As it has been right now, I readjusted it at the second time because as I saw it the first time, it perfectly made sense.
I have set it like that because the candle right now is green and it SEEMS like if VENBTC has just bounced and will continue the bounce. ANYHOW, this candle has not closed yet and therefore we cannot say right now what is or will be happening, we need to wait until this candle closes.
ALSO, with the fib applied (just a little further down) we would see here a first bounce from 61.8% to the resistance, then down to 50% AND the uptrend, form here probably a bounce again to resistance.
So, to stop this hide and seek game, here is what I think will happen. As you probably can guess there are two possibilities.
1) We close this weekly candle ABOVE previous open and will actually have a bounce towards the resistance. Here, once again an interesting fact, we had either two green candles (small followed by a big green candle) or 6 green candles in a row. So basically, if this week is green, the next week is most likely green and if the third week will be green too, we will have actually reversed the trend and then continue pushing upwards most likely again in a 6 week time frame.
(Yes, I do not pay attention to the single green candle in May.)
2) We will close as red (OR green) and then continue down to 0.00036 for a bounce off the 61.8% fibs and the uptrend support.
2.5) The marke will go down more, with it VENBTC. It will find its bottom at the same level of support 0.000315 (as well the 61.8% fibs line - second option), will there have a pretty nice double bottom and then bounce and reverse the trend from there.
Watch VEN possible break out soonTake a look at my new idea,
Ven/Btc is about to breakout and mainnet soon...
if it goes above 48k im gonna get in with a tight stop loss,
You’re more than welcome to follow me for more Analysis
***Do not take as a trade advice.
There is a possibility for the beginning of uptrend in VENBTCTechnical analysis:
. VECHAIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000400 to 0.000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000400)
Ending of entry zone (0.000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000482
TP2= @ 0.000513
TP3= @ 0.000538
TP4= @ 0.000620
TP5= @ 0.000815
TP6= Free
There is a possibility for the beginning of uptrend in VENBTCTechnical analysis:
. VECHAIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.000400 to 0.000325). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000400)
Ending of entry zone (0.000325)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000482
TP2= @ 0.000513
TP3= @ 0.000538
TP4= @ 0.000620
TP5= @ 0.000815
TP6= Free
Altcoin Spring Returns - VENBTC Bullish. Coinmarket cap sprinkling with green. Bullish breakouts sprouting on multiple altcoins.
Get ready for a big market pump.
VEN showing Inverse H&S.
Load up your Moonboi Lambo memes.
#MakeCryptoGreatAgain
VEN // BTC // Patterns BAT/ reaction zone // 0.78% -0.88% fibonVEN is this moment forming a very effective BAT pattern
the rebound is at 0.77% - 0.88% fibonnacci
eye. everything will depend on the movement of BTC
VeChain Getting WedgyWelcome! I've outlined our abcde path along with an additional ABC to show why I skipped the pull back in the c-d wave. Our RSI has 2 base touches (double bottom) and we've found support at the bottom trend on our way to e. Hopefully we don't get pushed back down, but our entry at d (my previous 0.318 on the cup analysis) served us well. Stop losses placed to lock in profit.
Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts.
The link is still available on my profile, good luck trading!
Vechain, VENBTC - Will It Recover From Here?Vechain, VENBTC good project with solid team and partnerships so a good coin for the long-term.
They also plan to have their mainnet launched by the end of this month/June. This should be the driving force for the recovery or the next leg up for VENBTC.
But let's take a look at the chart and see what we can come up with.
As you can see in the chart, we have probably finished wave 4 cause a double bottom has been made by touching twice the .618 - .65 fib retracement level. This is pretty significant
If this was the bottom then we should see VENBTC recover from here and look to break the "neck" resistance line at around 60.500 satoshis.
When we do we might see a little retracement to test the neckline again but when the momentum and the market sentiment is favorable, we should see VENBTC moving up to at least a 1:1 extension at around 67.770 satoshis.
And with strong momentum and market sentiment, we should aim for the 1.272 - 1.618 extension levels.
But it goes without saying, especially in this bear market/negative sentiment, VENBTC can only recover and move up fully when the market/BTC recover as well so always keep in eye on the Big "B".
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
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.