VeChain VEN BTC Forecast - Seeking Entry

BINANCE:VENBTC   VeChain / Bitcoin
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.
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!
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