I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a LOT on both historic ànd future price movement.
The shows an upcoming cross, which historically also shows a clear buy zone. We just need to sit back, have a little patience, get prepared to pull the buy trigger soon but just not yet - as I do see some more downward (or horizontal) potential in the near term. And then, we can ride the next wave higher. Although feel free to already open a position.
FYI - and are relatively neutral for the moment.
--> Tip: see the lines acting as critical resistance and support, with the Fibonnacci lines coming in to help when necessary :-D (see blue text boxes and arrows in the graph)
Note that this is by no means formal investment advice :-)
--> As you can see, this downward movement was to be expected (it was drawn on the graph before it happened), although it occurs a little faster then one would generally expect.
--> In any case, VEN is still positioning itself to move higher from there on - with both the pitchfork and Fibonnacci line as support - so this could definitely provide a buying opportunity before the next move upward.
Attention point: death cross in daily MACD - take this in close consideration.
I'll be posting a new analysis somewhere soon.