Largo
VENBTC Ascending Channel
Actualizado
Initial thoughts were that VEN was in a rising wedge against BTC. However, as there is no marked decrease in trading volume I feel it is more likely to be early in an ascending channel and still establishing channel boundaries for resistance and support.
Nota
We can see a confirmation in the start of the third rise in the ascending channel, albeit with lower buying volume than we've seen on the previous two rises. If the trend continues we should be testing the upper channel boundary in the next day or two.
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