VEN chart showsa complete Elliot's Wave followed by an ABC correction. Price is moving towards the 0.786 Fibonacci line at 54,500. One should await a test on that fib line and see if it bounces or breaks. Although it's very tempting to jump in at this price, a prudent approach should be taken and await a bottom, reversal and always time entry with the help of indicators including MACD, volume and RSI (40 slightly oversold).
This is not an investment advice, always do your own research.
This is not an investment advice, always do your own research.
Trade active:
Entry was at 55k since it bounced off fib line. Currently looking at 15% gains.
Quite confident VEN will return to 70k area.
Good luck and hodl!
Quite confident VEN will return to 70k area.
Good luck and hodl!