VEN is above all the 4 moving averages, with red (21) crossing up the BB(21). This suggests a upcoming. However, there's a strong resistance in the upper , where VEN is almost touching, and the 0.23 Fib level broken and it is not retested yet. also lies there. If Bitcoin fails to hold the current price levels, we can expect VEN to lose this Fib level as well and a dip to the blue line is possible.
and both are signaling oversold and is not supportive. is decreasing, creating a divergence with the price.
In this case, a further dip to retest the lower levels (0.00048 levels), is likely. Just below it VEN has the blue line support (0.00045). It was the support in the past week. We expect a correction. A conservative buy at the 0.00048 region. This TA is valid as long as BTC trades above 7500$ levels.