Long
VEN POTENTIAL CHANNEL PLAY
VEN has seen a exponential rise within a extremely bullish rising channel, currently seemingly finding support at rising trendline support confluent with 618% retrace of previous bullish wave, well supported above 200EMA 4HR
ABCDE corrective wave complete within descending triangle
Regular bullish divergence on 4HR stochastic (14,3,3)
THEREFORE break above current weekly high at 64k sats, upto around 68-70K 27th january high, price will likely correct for retest of 64K, broken descending trendline resistance - buy there once 1HR Stochastic pulls back sufficiently
HODL till 85K - Stop loss region 54K - 2:1 Reward Risk
ABCDE corrective wave complete within descending triangle
Regular bullish divergence on 4HR stochastic (14,3,3)
THEREFORE break above current weekly high at 64k sats, upto around 68-70K 27th january high, price will likely correct for retest of 64K, broken descending trendline resistance - buy there once 1HR Stochastic pulls back sufficiently
HODL till 85K - Stop loss region 54K - 2:1 Reward Risk
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