ASCENDING BROADENING WEDGE - BULLISH DIVERGENCE! VEN -> 2X
With rebrand coming up in less than two days, VEN is looking incredibly sexy.
VEN is currently in an ascending broadening wedge, looking to test the support line in the next couple days.
The OBV is testing support which has been holding in a solid uptrend. We are also seeing a bullish divergence in the OBV, another buy indicator. A bounce or false breakout is likely at this point.
VEN is looking to 2x by April. It's been one of the few big winners of 2018, and I don't see any reason for it to stop. Look at the target zones. I would still wait to take a position until we see it bounce. Put a stop loss just below the support trend line at your entry point.
Also, let me shill real quick. VEN's fundamentals are amazing.
Put your money where TA and fundamentals agree.
VEN is currently in an ascending broadening wedge, looking to test the support line in the next couple days.
The OBV is testing support which has been holding in a solid uptrend. We are also seeing a bullish divergence in the OBV, another buy indicator. A bounce or false breakout is likely at this point.
VEN is looking to 2x by April. It's been one of the few big winners of 2018, and I don't see any reason for it to stop. Look at the target zones. I would still wait to take a position until we see it bounce. Put a stop loss just below the support trend line at your entry point.
Also, let me shill real quick. VEN's fundamentals are amazing.
Put your money where TA and fundamentals agree.
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