VeChain (VEN) Breakout | Binance

VEN has successfully broken out of the downtrend.

Our previous trade is still valid and the long term support trend is still intact.

Here is the trade we shared on Telegram on the 21st of January:

Buyin Range: 0.00038BTC - 0.0007BTC

Sell Targets:
Target 1 ( 45% - 162% profit): 0.000996BTC
Target 2 ( 113% - 293% profit): 0.001496BTC
Target 3 ( 170% - 399% profit): 0.001896BTC

Fundamentals:
- VeChain rebranding event will occur on Feb 26th, 2018, in Singapore: twitter.com/vechaino...s/952027958058795009

Comment:

Interesting to note how the previous resistance (pink line) turned into the current support.

Keep this in mind next time you're trying to predict a bottom when buyin/rebuyin/reloading a coin on a dip.