VENETH - Will it break 0.0075-76 resistance?
Hello Tradingview community and crypto friends, Sunday night here and time for my second Idea. Once again, I am by no means a professional and have learned everything about trading and technical analysis by myself, so take everything here with a pinch of salt - this is not trading advice, only my humble opinion! And please feel free to add any comment which might help me and other people to get better :)
Today $VENETH has been going strong, despite that, the 0.0075-76 resistance still looks like a big challenge. Looking at the RSI a retest of the lower trend support line would seem more likely before any further upward movement. If the support holds and the bulls manage to push back up and break through this important Resistance then 0.00785 would be the next test, and past that the Top Resistance around 0.0082. I would start taking profit anywhere close to these resistance levels, and set some small buy orders along the lower support line.
Feel free to comment, like and follow if you enjoy what you read,
Happy trading, one love!
Today $VENETH has been going strong, despite that, the 0.0075-76 resistance still looks like a big challenge. Looking at the RSI a retest of the lower trend support line would seem more likely before any further upward movement. If the support holds and the bulls manage to push back up and break through this important Resistance then 0.00785 would be the next test, and past that the Top Resistance around 0.0082. I would start taking profit anywhere close to these resistance levels, and set some small buy orders along the lower support line.
Feel free to comment, like and follow if you enjoy what you read,
Happy trading, one love!
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.
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.