VEN breakout imminent
Updated
If an external event doesn't cause additional downward pressure on the market, VEN is set to breakout in the coming days.
Formation of a symmetrical triangle, a BB squeeze and a rise in the DMI+ and ADX creates a favourable scenario for VEN.
Coupled with fundamental analysis (upcoming rebranding and current airdrop), positive movement is likely.
Formation of a symmetrical triangle, a BB squeeze and a rise in the DMI+ and ADX creates a favourable scenario for VEN.
Coupled with fundamental analysis (upcoming rebranding and current airdrop), positive movement is likely.
Note
Update: mistook the VEN handle for another - no airdrop for this currency.
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.