VEN/BTC currently is still trending upwards. A lot of support is present in the 50-56 range.
1. Old ATH: 54
2. Strong Trendline Still holds
3. 4hr Ichimoku Cloud - we bounced out of this but now we are still back in.
4. 200day MA is still under the trendline .
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current All Time High to lock in gains, and possibly reload before a new breakout.
Entry: 50-56
1st Target: 80-82
2nd Target: 126
Questions or comments are welcome!!
1. Old ATH: 54
2. Strong Trendline Still holds
3. 4hr Ichimoku Cloud - we bounced out of this but now we are still back in.
4. 200day MA is still under the trendline .
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current All Time High to lock in gains, and possibly reload before a new breakout.
Entry: 50-56
1st Target: 80-82
2nd Target: 126
Questions or comments are welcome!!
Operación activa:
We entered the BUY ZONE, and now are still riding the support.
Comentarios:
Trade is still active as long as we hold that trend line. All eyes on BTC now.