VEN Kijun Bounce
Signal 1: Bullish Sentiment
Signal 2: Bullish Price Action above the clouds
Signal 3: Bullish TK Cross
Signal 4: Neutral Chikou Span is stuck in the clouds but above past price action
We broke the short term trendline right where the Bullish TK Cross happened and had a nice little breakout. This has caused the 50 and the 200 EMA to start moving closer towards a Golden Cross.
After hitting resistance it looks like we are in a little pullback. If we get a Kijun Bounce here we would be looking real bullish. Stoch RSI is ready for the buyers to take over. Very oversold.
If we break down through the trendline and the horizontal support along the Senkou Span B we will probably witness a Bearish TK cross on the way down and continue bearish. A catalyst for this would be if BTC continues to drop.
Signal 2: Bullish Price Action above the clouds
Signal 3: Bullish TK Cross
Signal 4: Neutral Chikou Span is stuck in the clouds but above past price action
We broke the short term trendline right where the Bullish TK Cross happened and had a nice little breakout. This has caused the 50 and the 200 EMA to start moving closer towards a Golden Cross.
After hitting resistance it looks like we are in a little pullback. If we get a Kijun Bounce here we would be looking real bullish. Stoch RSI is ready for the buyers to take over. Very oversold.
If we break down through the trendline and the horizontal support along the Senkou Span B we will probably witness a Bearish TK cross on the way down and continue bearish. A catalyst for this would be if BTC continues to drop.
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.