Strong Channel Down. Short.

VENUSD is trading on a 1D Channel Down (RSI = 31.035, Highs/Lows = -0.5037, B/BP = -0.6960, MACD = -0.230) that will take some time to make a clear Lower High again. Based on 4H (Williams = -94.498) there are more chances to continue its descending trend on a slow pace. Our position on VeChain is short, TP = 1.000 and 0.8000 in extension.