VENBTC bullish scenario

Jan 26, 2018

4H timeline shows another clean bounce off the cloud, breaking upwards on a falling wedge in the process. Fundamental catalysts seemingly released every few days. Should the cloud support be broken I expect to see strong support on the bottom of the cloud.

Jan 28, 2018

Note

Didn't realize I had the displacement set to default rather than 30, so the cloud here is slightly off. After adjusting looks like we've taken a brief dip in the cloud and are now trying to come back up. Looking for a close on the 4H above the cloud here. Looking at the 1D chart we see VEN is oversold with a bullish divergence in play.