VEN will be able to go even higher!

Hello, guys!

Today we have a forecast of VENBTC market. The retracement of a global trend ended in the beginning of February and the price could make first strong rising waves. But it was too early to enter the market.

Now the picture of the market is following:
The price has had a retracement, made new rising wave and broke the previous maximum at the level near 60000
Current rising wave has high activity just as the previous one. Buyers are strong enough to continue upward movement of price
Price is moving right in the upper Bollinger band

I am entering near 60500-61500 now.
I will decide when to leave the market once the price’s reaction to an approaching a resistance zone near 63500 is determined.

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We can clearly seen the channel of motion, it is possible to have a geometric series against the background of a strongly-stable growing channel, therefore before the boost there must be a correction (of course, within the channel), and hence prices will accumulate, more likely, about 56k and lower...
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