Updated
Fail at channel line, or bullish breakout?
VEN could be turned down as it is hitting the top of a trend channel in VEN/BTC. But I detected a possible energy build in the VEN/USD chart that could push it up and out of the channel creating a very bullish posture. The only question......Will it be enough?
If it fails, it is still bullish, but will not be a good buy until it drifts to the bottom of the VEN/BTC channel.
If it fails, it is still bullish, but will not be a good buy until it drifts to the bottom of the VEN/BTC channel.
Note
Looks like we failed and will head to the bottom of the channel around 54500 sats
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.