VENBTC currently is still trending upwards. A lot of support is present in the 50-56 range. 1. Old ATH: 54 2. Strong Trendline Still holds 3. 4hr Ichimoku Cloud still supporting. 4. 200day MA is right under the trendline.
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current ATH to lock in gains, and possibly reload before a new breakout.
Entry: 50-56 1st Target: 80-82 2nd Target: 126
Questions or comments are welcome!!
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We entered the entry zone last night with a dip under 56. If you missed it, I'd recommend trying to buy any dip under 60 at this point.
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Under 60 here but not touching the old low in the entry zone. You may get the entry around 55 if you're patient, but I would buy in some now so you don't miss this train. The green support bar is now going to intersect with the trendline, which makes this a strong lift off point. Watch Stoch RSI to start turning upwards to confirm this move.
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Here we go, another touch on the trendline! This is the buy zone coming in. Keep an eye on BTC as it's also near it's trendline. If btc goes bearish we could get stopped out here.