cryptobadgerii

cryptobadgerii Updated 

Initial thoughts were that VEN was in a rising wedge against BTC. However, as there is no marked decrease in trading volume I feel it is more likely to be early in an ascending channel and still establishing channel boundaries for resistance and support.

cryptobadgerii

QSP/BTC looks to be in a bull pennant consolidation pattern, marked in purple, which commonly precedes a bullish breakout (especially if it follows a bull run as in this case) with a clear support zone in the 2400 - 2500 area. Tracing open / close positions for support and resistance rather than wicks highlights more of a falling wedge pattern, which again would...