VEN bulls! - Predicting VEN's next price moves incl. tips!
Combined Pitchfork - Fibonnacci retracement analysis clearly showing us how VEN-pricing moves, e.g. how it reached quite the high in the last week and how it bounced back to specific resistance and support levels as laid out graphically.
I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a LOT on both historic ànd future price movement.
The MACD shows an upcoming bullish cross, which historically also shows a clear buy zone. We just need to sit back, have a little patience, get prepared to pull the buy trigger soon but just not yet - as I do see some more downward (or horizontal) potential in the near term. And then, we can ride the next wave higher. Although feel free to already open a position.
FYI - CCI and RSI are relatively neutral for the moment.
--> Tip: see the Pitchfork lines acting as critical resistance and support, with the Fibonnacci support/resistance lines coming in to help when necessary :-D (see blue text boxes and arrows in the graph)
Note that this is by no means formal investment advice :-)
I highlighted some interesting stuff in the graph, and yes it looks a little bit like a colour book ;-) BUT: it can tell us a LOT on both historic ànd future price movement.
The MACD shows an upcoming bullish cross, which historically also shows a clear buy zone. We just need to sit back, have a little patience, get prepared to pull the buy trigger soon but just not yet - as I do see some more downward (or horizontal) potential in the near term. And then, we can ride the next wave higher. Although feel free to already open a position.
FYI - CCI and RSI are relatively neutral for the moment.
--> Tip: see the Pitchfork lines acting as critical resistance and support, with the Fibonnacci support/resistance lines coming in to help when necessary :-D (see blue text boxes and arrows in the graph)
Note that this is by no means formal investment advice :-)
評論:
Look how nicely VEN is moving between our lines! Upcoming MADC cross
評論:
VEN doing its thing exactly as we thought it would in the short term! (simply click "play" in the graph :-)
Attention point: death cross in daily MACD - take this in close consideration.
Attention point: death cross in daily MACD - take this in close consideration.
評論:
Just have a look at how nicely our prediction is unfolding. How it bounces up and down in our well-defined channel, and how it tested at 16 o'clock today (18/01) the resistance line of the channel (the darker green line of the light green channel, which is the boundary with the upper blue highlighted channel).
I'll be posting a new analysis somewhere soon.
I'll be posting a new analysis somewhere soon.
評論:
Update can be found here:
--> As you can see, this downward movement was to be expected (it was drawn on the graph before it happened), although it occurs a little faster then one would generally expect.
--> In any case, VEN is still positioning itself to move higher from there on - with both the pitchfork and Fibonnacci line as support - so this could definitely provide a buying opportunity before the next move upward.