V E N is one of the stronger cryptos out there, it's seen major bull runs for the past weeks, up about 3766% since early December last year. So, when's a good time to buy V E N, looking at the current chart?
3 POSSIBILITIES
1. We're seeing resistance on the 23.6% Fibo (0.00064397) levels. For the past 2 days, it's failed to break above that. If we see a strong bullish movement and the price breaks above, it could signal another short term run up.
2. It's also likely that the price will continue to fall still, due to the strong resistance at 23.6% Fibo and the short term down trendline. If that happens, we could find support at 38.2% Fibo (0.000537) levels.
3. If V E N is going for a full-on retracement, we could see it go all the way down to MA(50), around the 61.8% Fibo (0.000365) levels.
**This is just me learning stuff. Feel free to share your thoughts with me. I'd love to learn more.
3 POSSIBILITIES
1. We're seeing resistance on the 23.6% Fibo (0.00064397) levels. For the past 2 days, it's failed to break above that. If we see a strong bullish movement and the price breaks above, it could signal another short term run up.
2. It's also likely that the price will continue to fall still, due to the strong resistance at 23.6% Fibo and the short term down trendline. If that happens, we could find support at 38.2% Fibo (0.000537) levels.
3. If V E N is going for a full-on retracement, we could see it go all the way down to MA(50), around the 61.8% Fibo (0.000365) levels.
**This is just me learning stuff. Feel free to share your thoughts with me. I'd love to learn more.