VEN Breaking out of 4 hour cloud and testing key resistance
VEN is testing a major fib level and horizontal resistance, poised for a breakout. It tested ascending support successfully, and is well into the 12 hour and daily cloud. A strong push up here should first target the 0.00045 area (where there is clear horizontal resistance), and after that the next key fib levels in the 0.000509 area.
scott.melker@texaswestcapital.com
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