VENBTC bounce & re-entry area
VEN/BTC is currently on a short term downtrend. The 4h chart shows a bearish cross of the EMA and a growing sell volume. The smaller pennant has been broken. The Chart is now heading towards a small rebounce area (in/above the green box), RSI is already oversold.
Long term we are still in a bullish trend, longs at the blue box (stong support zone, daily trend support) may be a good call. If we close a candle below the daily trend support and break the greater pennant, ist probably a good time to go short.
Long term we are still in a bullish trend, longs at the blue box (stong support zone, daily trend support) may be a good call. If we close a candle below the daily trend support and break the greater pennant, ist probably a good time to go short.
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