VeChain (VEN): Trend Reversal Higher Highs
SUMMARY
The below chart of VeChain (VEN/USD) was posted on April 2nd showing that a breakout on D wave was likely (white arrow). Just because the pattern is a triangle doesn't mean it has to be a five wave Elliott Wave triangle. It has become more and more trending for Cryptos to breakout on the D wave rather than finish the E. Yet another personality trait that's a departure away from the equities.
The curernt price shows that a decisive breakout has taken place. The impulse wave shows that 1,2 and 3 are complete with 4 likely in progress. Wave 5 should well exceed $4.50 or so. Look a the MACD.....does it look like it'll crash the price or explode it up?
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I have high hopes that Ven and EOS will give enough passive income to fund my retirement!
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Looking at the MACD, I think there's a possibility that it will still go up
But then, this is crypto market, things can go awkward
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Agreed. The recent partnerships are certainly providing solid exposure, which is always difficult to predict the turnaround because entry points are volatile for the token.
@haejin do an analysis of Zclassic (ZCL), please!
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@jean77jta55 - I can lend some expertise on ZCL. The entire team is now focused on BTCP development, which led to the significant crash after the ZCL fork. There are a couple new "unrelated" developers working on the ZCL project now, but the recent price increase seems more like a pump rather than an actual legit price increase. I do not have high hopes for ZCL in the future, but I really liked the team working on it, so I'm bullish on BTCP for that reason. @haejin maybe you can weigh in as well.
hi @haejin I hope ven/usd pair must be increase and become a good price. If you invest any ico coin, please tell me.
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Coins mentioned in post:
@coin.info, if you continue to support @haejin you will get shit on just like Kim Jong Un shitting on @haejin!
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Got to love VEN 🙌
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Haejin is whale enough to counter GrumpyCat himself.
Resistance comment deleted.
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For actual detailed analysis feel free to follow me! Here is an example: https://steemit.com/crypto/@heyitskolin/qtum-btc-latest-technical-analysis
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Could not agree more that its important to use the log scale!