MACD display strong positive divergence. Has been following a consistent long term trend on the 4hr chart. We have just broken out of this trend into a new fibonacci level. Prepare for VEN to make some serious movement over the coming weeks.
You can check out my previous analysis on VEN, which proved to be accurate. Also includes a Fundamental analysis.
I am charting it to pass 60000 by tomorrow night. should have enough momentum to remain above there after the rebrand, thor and ongoing contract announcements
MoonCat8
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How do you think the market will react to the rebranding? Possible dump after the hype is over? I think all these rfid blockchain firms are very solid and the real world use will keep them pumping.
DaveAnderson
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@MoonCat8, VEN currently has just 2 companies using its technology at the moment. As well as the rebranding, there WILL be 100 000 businesses using VEN/Thor technology by the end of this year.