itradearn

VeChain VEN BTC Forecast - Seeking Entry

BINANCE:VENBTC   None
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!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out