Updated
Buy zone for VEN
Vechain is a strong coin fundamentally and has it's main net launch near the end of this month. Accumulating this coin to the lead up of it's launch wouldn't be a bad idea.
Technically we see VEN trying to re-test a strong resistance structure at 44973 after having a big sell off to 43222. As BTC is very bearish at the moment there's the possibility of being rejected and falling back to the support structure of 43222.
I would see this as a great buy zone as it also lines up with fibonacci at the 0.618 level.
Be careful in this market and trade wisely.
Technically we see VEN trying to re-test a strong resistance structure at 44973 after having a big sell off to 43222. As BTC is very bearish at the moment there's the possibility of being rejected and falling back to the support structure of 43222.
I would see this as a great buy zone as it also lines up with fibonacci at the 0.618 level.
Be careful in this market and trade wisely.
Note
VEN hit the buy zone and bounced to do 15% in gains! Perfect trade if you followed my TA. A few followers actually got in on this and made solid profit. :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.