Long
VEN reaching critical support lines
We have reached a critical support level where VEN broke out during January 11th. The RSI is also toucing previous breakout levels where it then proceeded to become overbought for a relativly long period of time within BTC's last mania phase. This could be a good opportunity to accumulate or buy VEN if it continues its downtrend if you believe in its fundementals and long term vision. We are also very oversold on lower time frames and should see a short term reversal.
Trade active
Vechain broke its support to the downside, this is a good opportunity to slowly enter a position or wait for a reversal after it finds its bottom.
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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.