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Venusd

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 (VENBTC) - POSSIBLE MOON TRIP?Welcome everyone, hope you all are doing well. Let us look into another trading opportunity. Vechain is another great project which has been moving up gradually lately. We can see a Cup and Handle formation on daily chart. Let us see what does the indicators say. INDICATORS: Moving Average is curving upwards RSI is showing Bullish momentum. ADX and DI are giving Bullish signal. MACD is showing Buy signal i.e Bullish. A closer look: POTENTIAL TARGETS BASED ON FIBONACCI LEVELS: 50.8k 56.7k 62.2k 70.9k 81.6k Also note that, price movement of BTC will also affect the price of VEN. So, keep an eye out. P.S: This is not an investment advice, and i am just learning. This is for my learning purpose only. Invest your capital at your own risk. Those who wish to achieve greatness, never seek for permissions. They follow what their heart says, and do what their mind states! Good luck trading.! Peace.
VLong
by johntradingwick
2
VEN/USDVeChain showing similar pattern of growth to the NEO pattern, with two parallel lines going up (white lines). These two days market growth stabilized a little! Let's hope May will bring us a lot of profits, I think we might see a spike this month! VEN has a great project let's see what they are capable of doing next month. Today we had a little pull back to 4.25$. But what was once resistance now works as support. I don't think we are going to go below this resistance since the bull run is starting!
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by Mr_Guapo
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 Holders Dollar ChartSometimes the answers for price reversal are easier to see on dollar charts rather than btc pairs - The dollar price has caught on the red 2x3 Gann fib ray, if this breaks then we go to the 2x4 beneath, the action will happen at the arc pair, the top of the square the candles are in may stop the price - On the basic chart you can see the candles are caught in the downtrend channel but have found some support for now on a local range fib - Unless there is market moving news we may see another leg down, but i suspect that will be it, I'm holding on tight to the Xnode. If anything this is a great opportunity to increase holdings from 6K to 16K at discount price. I dont imagine i'm the only person who has thought of that so we may well see a sudden strong bounce. This is linked to the Ven/Btc holders chart
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by Nom_de_Guerre
2
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