VeChain, who doesn't know this coin with one of the best project, team, and partnerships in the crypto market and in the supply chain business in particular.
And with their rebranding, masternode program, NYC Summit and upcoming mainnet launch in about two months, it will only get better. A strong coin with great fundamentals and potential.
So let's take a look how we can trade VeChain, VENBTC shall we.
If we take a look at the chart, then we can see that this past weekend VENBTC broke out not only a big Cup & Handle but also a second strong resistance level at around 0.00049000.
A double breakout with good volume in a short period of time. Pretty significant and a good signal for more to come.
After some healthy retracement, VENBTC is now forming a bull flag pattern and hovering around resistance/support area. If VENBTC manages to break out of this bull flag then we will probably see the next run up for VeChain.
Here are some area's to look for if you want to swing trade VEN/BTC.
Trade Instructions
Buy Area:
0.00049000 - 0.00051000
Note: Enter at break of resistance and bull flag for higher probability and riding the momentum.
Profit Targets:
1. 0.00051926
2. 0.00053461
3. 0.00054996
4. 0.00057182
5. 0.00059965
Don't forget to secure some of your profits along the way. Is always a good idea to take profits, even though a specific target has not been reached yet.
Stop Loss (Optional):
0.00046665
Remember, you can use a larger stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing.
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!
And with their rebranding, masternode program, NYC Summit and upcoming mainnet launch in about two months, it will only get better. A strong coin with great fundamentals and potential.
So let's take a look how we can trade VeChain, VENBTC shall we.
If we take a look at the chart, then we can see that this past weekend VENBTC broke out not only a big Cup & Handle but also a second strong resistance level at around 0.00049000.
A double breakout with good volume in a short period of time. Pretty significant and a good signal for more to come.
After some healthy retracement, VENBTC is now forming a bull flag pattern and hovering around resistance/support area. If VENBTC manages to break out of this bull flag then we will probably see the next run up for VeChain.
Here are some area's to look for if you want to swing trade VEN/BTC.
Trade Instructions
Buy Area:
0.00049000 - 0.00051000
Note: Enter at break of resistance and bull flag for higher probability and riding the momentum.
Profit Targets:
1. 0.00051926
2. 0.00053461
3. 0.00054996
4. 0.00057182
5. 0.00059965
Don't forget to secure some of your profits along the way. Is always a good idea to take profits, even though a specific target has not been reached yet.
Stop Loss (Optional):
0.00046665
Remember, you can use a larger stop or no stop at all if you believe in this coin for the mid-long term. You can just ride it out and don't have to worry to get stopped out and miss the swing.
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!
Trade ativo:
4 targets reached within 2 days of posting. Hope you took the trade and made some good profits.
There's still enough potential for the trade to develop, especially after the pullback of the last 2-3 days cause we're basicly given almost all of the gains previously made back and now it's trying to break the resistance level at around 0.00052725.
So if it breaks this level again, then this could be another buy signal and beginning of another run-up.
There's still enough potential for the trade to develop, especially after the pullback of the last 2-3 days cause we're basicly given almost all of the gains previously made back and now it's trying to break the resistance level at around 0.00052725.
So if it breaks this level again, then this could be another buy signal and beginning of another run-up.
Trade fechado: objetivo atingido:
5th target reached today. Congrats on your profits if you took the trade!
Will be closing the trade/post but made a new VENBTC analyses which you can check out here:
So until next time, good luck with your trading!
Will be closing the trade/post but made a new VENBTC analyses which you can check out here:
So until next time, good luck with your trading!
