VeChain getting ready for a +40% move (VEN/BTC)

in #beyondbitcoin7 years ago

Have a good day and hold Vechain. Trade with a potential to gain 56% profits.

Vechain is looking ready for a strong move.
Let's see the bigger picture ( 1 day chart )

VEN corrected only 50% since ATH and now is looking strong.
If breakout of bull flag, strong bull move will be happening within days.

To understand better the chart, look at this info

Let's put everything together and try to forecast some price targets for this cryptocurrency:

Technical Analysis shows a clear bull flag. Bull flags are a continuation pattern within a bull cycle.
Eventually we could expect VeCoin to go to All time high.

However, let's be more reasonable and let's point out some key level for VeChain

Tools used for achiving these targets: TA Bull Flag pattern & Elliot Waves.

Targets:

After Bull Flag breakout, we will have confirmation for next targets:
0.00064
0.00071
0.00081
0.00090

Stop loss:
Around 0.00050

Time prediction: estimated 1 week

Fundamentals: Why would you like to be involved with VeChain?

The interesting thing about VEN is that it was previously a subsidiary of China’s biggest blockchain company BitSe. That makes it brother to the QTUM Foundation, Blockchain & Infrastructure. VEN is the Supply Chain Technology that will be implemented onto the blockchain. With this brings the following: Existing BitSe partners, industry connections and customers Existing QTUM partners, industry connections and investors The QTUM and VEN Partnership will become somewhat of a powerhouse team and will definitely give Waltonchain a run for its money.

Source
Charting Source

Thanks for Reading!


Sort:  

@luigih- You are doing very good posts. I like the teaching and that you give some information on the actual crypto coin and what are reasons it could be bullish outside of just the charting.

I'm trying to generate value to the post by following the tips you gave me. Thank you so much for the support.

Nice Information, thanks !
Make sure to check out my airdrops posts too!

Thanks rossiar! I'll do!

Great post! You just got a 8.25% upvote from @edensgarden!
Thanks for tasting the eden!

With bitcoin climbing and alt coins falling do you think it will still maintain the pattern or will it stall like a lot of alts until BTC starts to move back down

Sometimes they can rise together. Anyways, NEO's airdrop march 1st will generate lots of buying pressure in the upcoming days!!

i think you'll like our page. Take a look!

Coin Marketplace

STEEM 0.20
TRX 0.20
JST 0.034
BTC 90261.92
ETH 3055.42
USDT 1.00
SBD 2.96