VeChain (VEN) - Rebrand w/Profitable Wave [Feb2018]
INTERPRETATION
$BINANCE:VENBTC upcoming rebrand later this month may result in a profitable bullish run. Note that the mainnet is set to launch in June. Disappointed investors expecting the mainnet launch may decide to sell. In the short analysis, investors can still catch some short-term profit gain if the 3rd Impulse Wave holds true (target @ ~68600).
*Note: personal knowledge of the VEN project is not as strong as others; please research & do your due diligence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull position
-upcoming rebrand
CAUTIONS & CONFIRMATIONS
-RSI heading towards overbought
POSITION
Entry @ 60400
$BINANCE:VENBTC upcoming rebrand later this month may result in a profitable bullish run. Note that the mainnet is set to launch in June. Disappointed investors expecting the mainnet launch may decide to sell. In the short analysis, investors can still catch some short-term profit gain if the 3rd Impulse Wave holds true (target @ ~68600).
*Note: personal knowledge of the VEN project is not as strong as others; please research & do your due diligence.
BUY SIGNALS
-T&K bull cross
-Price-T&K bull cross
-Price-Cloud bull position
-upcoming rebrand
CAUTIONS & CONFIRMATIONS
-RSI heading towards overbought
POSITION
Entry @ 60400
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