BINANCE:VENETH Looking at 1 day chart, BINANCE:VENETH will stay steady until it gets near end of ascending triangle. Once bollinger bands squeezes a tad more and opens up and volumes increase look for BINANCE:VENETH to become bullish, if we break .800158 sats which would indicate momentum upwards.
Macd indicator is about to cross under for small gains, Stoch RSI still hasn't hit its peak yet and prices will dip soon as its becoming oversold.
If we break the flag downward BINANCE:VENETH will drop to the next support resistance at .58741 sats possibly below that.
I believe the last ven run up was start of wave 1, and we just entered wave 2 of the Elliot wave, with biggest wave 3, per Elliot theory still to come. Still learning how to read Elliot waves so bare with me.
Always helps to Look and compare next to BTCUSDT run up to help look for indications of when ven will have its run even though ven has done very well against btc.
Not an expert or an adviser still a newb, just my thoughts, any suggestions would be appreciated. BINANCE:VENETH is my biggest hold long term and I dont see many analysis on BINANCE:VENETH so thought i'd share.
הערה
Possible cup and handle forming on 4 hour chart at end of wedge for a breakout. Volumes need to increase to make this happen
הערה
upward momentum wont last long without volume, breaks wedge buy, buy....
הערה
Will we break the wedge and go bearish or move up from resistance and turn up guess we will find out https://tomorrow......https://www.tradingview.com/x/mLkP6lJi/
הערה
just my thoughts and observation happy trading
הערה
Possible breakout of wedge on 1 hour chart, volumes increased and macd indicators going straight up, bollinger bands opened its mouth for upward momentum. wait for confirmation breaking past resistance
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.