Cryptogasmic

VEN Update

Short
BINANCE:VENBTC   None
A lot of people ask me about VEN. I never got into it but here is my analysis.
Over 2000% gains??? They your a fool if you do not realize this was a huge run and needs a huge correction. Im assuming the people asking me about VEN chased it to the moon and are now left holding it.
The next retrace point will see a test of 2000
Way below the EMA markers
Already passed the 100% retrace of the recent impulse wave up
Looks to be in an ABC Retrace.
Defiantly not a buy and not a sell. If your holding i would hold it and just push it to the side, or just get rid of it and move on if you cant handle the emotions.
Never chase a running green candle and never panic sell a falling red candle.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.