BINANCE:VENBTC has been following it's trend nicely and looks to be finishing it's consolidation. The only time that VEN looks to be breaking it's trend is when BTC runs or falls. I've noted the BTC korea FUD between 4th and 6th of JAN.
We saw a similar trend between 10th and 17th of JAN, before the massive jump from .0004 to .0008.
Disclaimer: Past performance is not a reliable guarantee of future performance -- and if we get news similar to the recent Coinmarketcap adjustment, Korea/China FUD or some underwhelming partnership announcements we could see this fall back to the 0.78fib or .00045 - 0.0047 BTC
I am long on VEN and have multiple positions, however for this trade my entrance is .00055 -- I do not trade with stop losses and my target for this trade will be .0009 - .001 for 1st - 7th of Februrary.
CocaColaKid_OG on twitter has been posting cryptic Vechain predictions for months now and most (if not all) has come true with time. This new recent tweet (link) is believed to be hinting at a partnership with Luxottica, the worlds largest eyewear company. Buy the rumour, sell the news!
~ Rebranding by 26th-28th of Feb - https://twitter.com/vechainofficial/stat...
~ Multiple Non-Disclosure Agreements are ending, meaning Vechain can officially announce partnerships
~ Mainnet coming in June
My current target are is 6-12 days away from now and I still believe we will reach this as long as Vechain keeps releasing partnerships etc. on it's way to it's rebranding.
I still believe in these targets but if BTC keeps falling all trades may be cancelled.
Watch closely & if you're following this make sure that if we break the support, you cancel your trade.
Again, I'm long on VEN and have multiple positions but i'm still open to a drop back into the .0004 range