VEN/BTC: Temporary pullback followed by rise
Aktualisiert
With the rebrand coming February 26th, we can expect big moves arriving soon. The normalized RSI and stochastic RSI both agree that a temporary correction is in order, so we can expect it to hit either:
I) the lower support at 55k Sats 3.48% , backed by previous older peaks, the recent dip and the trendline or
II) the upper support at around 57.6k Sats 3.48% , reinforced by the recent small peak and 38.2% Fibonnaci retracement.
The upward trend channel is nonetheless definitive, as a bounce after that is extremely likely. MACD showing early bullish signs, reinforcing this idea.
My recommendation: wait for it to test support decisively, then buy and await good news.
Good luck out there!
I) the lower support at 55k Sats 3.48% , backed by previous older peaks, the recent dip and the trendline or
II) the upper support at around 57.6k Sats 3.48% , reinforced by the recent small peak and 38.2% Fibonnaci retracement.
The upward trend channel is nonetheless definitive, as a bounce after that is extremely likely. MACD showing early bullish signs, reinforcing this idea.
My recommendation: wait for it to test support decisively, then buy and await good news.
Good luck out there!
Anmerkung
We've now entered the support area, we just need to wait until the reversal is confirmed, whenever it may start.Trade ist aktiv
It happened sooner than expected, but here we are! SL is to be set at around 57K Sats.Anmerkung
Facing resistance from the previous peaks, can we break through?Trade geschlossen: Stop wurde erreicht
Sadly, the hype up to the announcement failed to bring VEN up to expected values, with the post-rebranding dump being the final nail in the coffin. Better luck next time.
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