Updated
VEN potential reversal, finally
MACD about to reverse to bullish on the 4hr, rsi is hitting the historical reversal zone, and it respected the bearish pennant that is drawn in lighter orange. We would really need a good push with volume, which is definitely possible with VEN's new BMW partnership announcement. However, we did just have the rebranding event, and I feel like everyone who wants to own ven, already does, so this is where we may run into issues with the volume. I will update when we break up, down, or sideways from the triangle.
Trade active
forgot the fibs -_- we need to get, and stay above the .382 fib to have a chance in pulling this offNote
Didn't have nearly enough green volume to pull off the break up, we went straight down thru it, and are now in this downward channel. The RSI and MACD look amazingly primed, though. We will come back up in a few days or so, maybe even sooner, if BTC doesn't pull off some crazy shit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.