SHORT TERM BULLISH PLAY ON VEN

Based off of strong support and resistance lines I see a short term trade developing here for VEN. Although I am a long term believer in this coin especially with the rebranding and new listing coming monday right now there is some sideways action that has a potential for profit and rebuy. Right now were looking for it to bounce off support at around 660000 and up to the 710000 sat area. The macd is about to make a bullish crossover on the 1 hour chart and rsi is showing oversold with a bullish divergence. If we break the resistance we could see a possible impulse wave 1 form but still waiting on more confirmation for that.
This is definitely not financial advice but just what I am seeing and would love to hear your comments on why you agree or disagree. This for is a great community of sharing and learning and I look forward to building some great crypto connections in the future. Thanks for viewing and in advance for your comments and such

Note

Still pushing against major resistance at 700k here testing it multiple times. Waiting to see if it can break 72 for a breakout confirmation to the upside, if the bulls fail to push hard here it could very well end up back at the 66 region. Sitting on the sideline for now until then, if broke we should see some nice uptrend

Trade closed: stop reached

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