BINANCE:VENBTC   VeChain / Bitcoin
338 1
4H timeline shows another clean bounce off the cloud, breaking upwards on a falling wedge in the process. Fundamental catalysts seemingly released every few days. Should the cloud support be broken I expect to see strong support on the bottom of the cloud.
評論: Didn't realize I had the displacement set to default rather than 30, so the cloud here is slightly off. After adjusting looks like we've taken a brief dip in the cloud and are now trying to come back up. Looking for a close on the 4H above the cloud here. Looking at the 1D chart we see VEN is oversold with a bullish divergence in play.

Hanging out inside the 4 hour cloud, reaching the top of the 6 hour cloud, and reaching a decision point between support and resistance trend lines. I am still long at this point and think we form an A&E double bottom here prior to starting impulse wave 5.
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