Welcome to the analysis on $VENBTC, Binance. I was looking for several hours for $VEN to retest its retistance or perhaps it will continue going down. We could see that it makes higher lows as a sign of reversal. We could also see that it maintains it position above the 200 EMA which signifies that we are still on the trend. However, we could see that the RSI was nearing the overbought side so we could expect a pull back. Our analysis was supported by the Ichimoku which already crosses as it made a higher low and the candlesticks just go through the red cloud- showing green future cloud. We are still not sure if it will broke the resistance and will make another higher high or perhaps pull back again to make another higher low. Let's observe its price action for the next few hours.
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