jpbrown1023

VEN - Double Bottoms and Double Tops

BINANCE:VENBTC   None
Hey ladies and gents! Looking at the 4 hour chart for VeChain, we can see that we broke out again only to find ourselves back into the wedge. It looks like it will be a battle of the bears and bulls. Here is an interesting observation I made regarding a double top and double bottom pattern that VEN seems to be repeating. VEN has double topped twice and double bottomed 3 times. History has tendency to repeat itself so be on the look out in case it does double top and sends the price lower. It is also possible that the bulls force the price action into a pennant for a possible breakout. But as with all pennants, the price could also breakout to the bottom sending us further into the wedge. Keep an eye on the price action for additional clues.
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