As this is my first analysis I'd apologize for any newbie mistakes made in them.
Now let's get into it.
VEN has been on a downtrend ever since the TOR launch, volume has decreased aswell. That is the main reason I believe this breakout is not real. For it to be real we need a bigger volume that it simply isn't there.
Nota
The downtrend continues...
It was a false breakout which means the fall is intact
Nota
There are ways to play this, one of them would be to sell on the green candles before a continuation of the downtrend. Given that there is not a compelling amount of new money coming into VEN, we might see a sub 35k sats VEN soon
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.