VEN Triangle Continuation Breakout + Indicators
Updated
Looks like we're working towards a very healthy breakout setup with VENBTC.
Keyword = "working towards".
We need to see several things to happen for this setup to hold.
1) A convincing upward break on the triangle characterized by high volume
2) Contracting triangle (lower highs and higher lows)
3) MACD crossover
4) TTM Squeeze indicator should turn positive ideally
Too early to call this just yet, but looks like it's setting up nicely!
Keyword = "working towards".
We need to see several things to happen for this setup to hold.
1) A convincing upward break on the triangle characterized by high volume
2) Contracting triangle (lower highs and higher lows)
3) MACD crossover
4) TTM Squeeze indicator should turn positive ideally
Too early to call this just yet, but looks like it's setting up nicely!
Comment
Initial breakout was a success. Saw a nice 15% return in 10 hours.Seeing some pullback on BTC/USD which may shake the crypto market again, nullifying the breakout target.
Please trade safely in this uncertain market!
Trade closed: target reached
Target reached. At the high point, hit 80350 Satoshi, and an opportunity for 60% returns.
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