Possible breakout in VEN/BTC

2018年3月27日

VENBTC



Hey reader!

As this is my first analysis I'd apologize for any newbie mistakes made in them.

Now let's get into it.

VEN has been on a downtrend ever since the TOR launch, volume has decreased aswell. That is the main reason I believe this breakout is not real. For it to be real we need a bigger volume that it simply isn't there.

2018年3月28日

註釋

The downtrend continues...

It was a false breakout which means the fall is intact

2018年3月28日

註釋

There are ways to play this, one of them would be to sell on the green candles before a continuation of the downtrend. Given that there is not a compelling amount of new money coming into VEN, we might see a sub 35k sats VEN soon