michaelscalar

VEN breaks out on news of BMW partnership and rebrand

BINANCE:VENBTC   VeChain / Bitcoin
280 1 3
Showing positive energy on the moving averages and volume after breaking the.5 fib. I dont think we will see it pass the .236 as the chart has a strange natural limit just below it (noted with circles) 1st target and resistance is in the cross hairs and 2nd target has strong potential but i would watch where the moving averages and volume go at target 1.

Not financial advice, i will disclose i am holding VEN             at the time of writing this.
Great use of the fib. Touched the previous low before it's last parabolic breakout in Jan as well.
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