dukeofdolma

[VEN/BTC] Bullish Pitchfork

Long
BINANCE:VENBTC   None
VEN has a nice pitchfork going right now which should allow for some small swing trades. Watch for price to touch the lower bands for an entry and sell when it hits the upper bands. Also look for RSI divergences for either confirmation or signs of trend reversal.
Comment:
Pitchfork has been invalidated, but a nice bull pennant has formed nonetheless. There is still a possibility that this pattern breaks into another rally, but if not this idea is dead.
Comment:
Chart for previous comment

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.