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!
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
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!
@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.
iCoinCourse - very good software for traders.
Check the threshold value with comfort!
Download there: https://icoincourse.com/
Haejin is whale enough to counter GrumpyCat himself.
Resistance comment deleted.
Coins mentioned in post:
Got to love VEN 🙌
For actual detailed analysis feel free to follow me! Here is an example: https://steemit.com/crypto/@heyitskolin/qtum-btc-latest-technical-analysis
Could not agree more that its important to use the log scale!
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