Viacoin is following an uptrending channel since 6 days.
RSI is acting as support line since 18 days.
Bollinger Bands have to contract more to assume the next breakout. I´m pretty sure it will come wihin a week.
All signs look good for it.
Just for education. No fincancial advice.
Chart is selfdescribing. Bitcoin will follow trendline with several corrections.
The lower trendline shows us the direction and supportline.
The upper trendline is a clone from the lower one and it matches perfectly to recent highs.
Nice channel is build.
On shorter time frame falling wedge will hit supportline about 6800$ and bounce of.
Just for educational purposes.
On a daily timeframe VEN continous in retracing.
I assume it will go down to 33k sats based on Fibonacci retracement 0.618.
At this time it will be oversold and bounce of strong.
For me it is a good entry jumping into wave 3.
Good coin with very strong fundamentals.