VENBTC - possible wedge breakout
Updated
VeChain is one of the awesome projects that can really go into orbit
we are approaching the end of wedge, nowadays everything is all over the place..
if VEN stabilizes and goes sideways we will still break out of the wedge, if we dip further down; I guess can always pick more VEN up if your budget permits it;
if it breaks out and starts climbing, well about time :P
VEN will have to penetrate the lovely red cloud blocking the way outside of the wedge eventually; once that is cleared and used as a support
and of course BTC behaves during the process; will be long awaited days for many I'm sure!
personally I would like to see a gradual rise in price, in order to layer in many levels of support/resistance
Happy researching and trading!
we are approaching the end of wedge, nowadays everything is all over the place..
if VEN stabilizes and goes sideways we will still break out of the wedge, if we dip further down; I guess can always pick more VEN up if your budget permits it;
if it breaks out and starts climbing, well about time :P
VEN will have to penetrate the lovely red cloud blocking the way outside of the wedge eventually; once that is cleared and used as a support
and of course BTC behaves during the process; will be long awaited days for many I'm sure!
personally I would like to see a gradual rise in price, in order to layer in many levels of support/resistance
Happy researching and trading!
Note
we broke out of the wedge we had previously drawnso here is an update with new projection trendlines
we still have to see what will happen with BTC over the next month, so really see if the market as a whole will start to climb again, not only VEN
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