HI All, It's All in the chart: BTCUSD. Just Entered into VENBTC. RSI shows oversold. When will the downtrend end, who knows, but this is a long position. This trade VENBTC could go much lower, because its Predicated on BTCUSD. Hence, stop loss is a must. Swing traders: Statistics and probability are on our side. Don't worry about being right all the time....
Ven is currently on 0.236 support of Fibonacci. If the bracket does not break, it will mainly have two reversal points. The black line just below, or the support around 0.009. To enter the trade, wait for at least the RSI line on the daily chart to point up and / or an accumulation in the price.
Hi guys, Today I have another update on another coin. It's VeChain (AGAIN!). You are looking at the daily chart, which tells us the following: - Parabolic drop from 40k sats to current level (22.1k at time of writing); - Still hugely oversold. RSI of 13.9 on Daily, which is all time low for VeChain; - Weak support soon, due to price action in January and .786...
Hi guys, Another update on another coin. This time it is VENBTC -4.80% -4.80% . You are looking at the 4hourly chart, which tells us a couple of things: - VENBTC -4.80% -4.80% dropped approximately 45-50% since the last wave up; - We broke through the 32k sat support - VENBTC -4.80% -4.80% is oversold on all timeframes!! - RSI and MACD histograms are...
Quick post: -Vechain almost at the likely bottom of its correction (78,6% correction horizontal in blue) - around 20.000 satoshi. Currently at 22.000. - Given the incredible fundamentals of this one, this might be a good, if not a very good, if not an amazing and scarce opportunity for purchasing some. - Looking at the RSI: only at 5, or in normal language:...
So, After that little discussion on my last chart, I decided to look a little harder for clues. What the heck, we may have a bounce zone coming up. Lets see what happens when it hits. You never know!
VEN was anticipated to be one of the biggest coins this month, but quite the opposite happened. Along with some FUD, fro ma TA aspect this double top could put it into the ground. I find this highly unlikely with this coin though. Do not try and catch a falling knife, WAIT for reversal confirmation, especially with the possibility of a BTC pull back coming. When...
Extremely oversold hovering around support area RSI under 30 keep eye on that coin
The phoenix is a majestic bird that, once dead, is reborn again from the ashes of its remains. Is this the same case for cryptocurrencies that have had their mainnet launch?
I was rapidly scrolling a the whole market a couple of days ago and my attention was caught by the bearishness of VEN in a stagnating whole market (what in this market is very atypical). I did a very quick , to understand why and discovered that VEN is migrating on his own chain (not a so bad news). Since ATH VEN corrected relative less and is inside this big...
A lot of people ask me about VEN. I never got into it but here is my analysis. Over 2000% gains??? They your a fool if you do not realize this was a huge run and needs a huge correction. Im assuming the people asking me about VEN chased it to the moon and are now left holding it. The next retrace point will see a test of 2000 Way below the EMA markers Already...
VEN is sitting just under 20 RSI on the daily. The chart is pretty bearish and there is no support until 9k satoshis. I believe that we will slowly trend up due to a buy the rumor sell the news event with the $BTC ETF. I place the horizontal resistance levels at 35k sats and 40k sats. This is where I would plan on placing my exits in this bounce.
Good afternoon, VEN is very over sold on the daily and is setting up for a reversal. There is a cup and handle pattern forming on the hourly with a Bullish Divergence on the RSI. The VEN/USD pair also has a Bullish Divergence on the 4 hour.
Possibile buy zone and timeframe for this downtrend to finish.
in the absence of big whales, the price is taking a beating. Potential Buy Zones