Chikou - upcross on 3/8. Still high above price and trending up. No sell signal yet.
Tenken Sen - Signals strong market trend currently
Kijun Sen - Standard line is very , trending up, price has room to run still.
Senkou span A&B - Both spans are acting as support, and our two spans are very close together indicating very little , a twist in the kumo just took place with span A leading a uptrend
Chart Patterns -
Falling Wedge - VEN began the formation of a 2/26 and this signals a reversal.
Cup and Handle
Signature pattern in that the price is testing old highs. This is a continuation pattern.
Price is sitting right near the .382 fib. Golden ratio at ~50k
is high but still
bounced off support at 15 and currently trending back up
Watch for the price to break its fib level and the pattern. Price needs to break the next 2 fib levels at .5 and .618, as well as the next two levels of psychological resistance before the can be confirmed.
This breakout is confirmed by but will be facing selling pressure from traders who bought during previous highs.
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