MDegenMonkey

Watching VEN closely for reversal signs

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MDegenMonkey 已更新   
BINANCE:VENBTC   None
Hi all,

VEN seems to be in a free fall since July this year.
Since we broke down through the 0.618 fib retracement level, the first support in sight is the 0.786 fib retracement, coinciding with a support from December last year.

I'm looking to load up on more VEN in the green areas. In the meantime, watch the oscillators (I like OBVOSC_LB and RSI) for signs of a reversal.
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We might see VEN break out of this channel. Grey box is previous support area.
Bullish div visible on 4h chart (RSI, OBV not yet).
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Still no solid ground in sight for either the price, ichi or the RSI/OBV.

Approaching buy zone #1, from just above the .786 fib retracement to the previous support of 18k sats.

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