mattsterrr
Long

VENBTC Potential For A Quick Short Term Profit?

BINANCE:VENBTC   VeChain / Bitcoin
BINANCE:VENBTC             keeps bouncing off this baseline support, and could give a decent 5% return, with the possibility of hitting 10% for those with steel nerves.
Trade closed: stop reached: You've got to cut your losses at some point - but with some hot news from VEN today, it's another crypto surprise as to why the price of VeChain is so low and seemingly not heading upwards.
Looks like the reversal has started on the 1 hr chart. I think we can hope to see at least 10 % from here, back up to the original support. Only my opinion but maybe the drop in price was due to people dumping so that they could buy back cheap for when it starts to pump?
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@RBolts, very possibly. It would be typical.

Nowhere near a pc at the minute but my risk reward ratio meant I got out.
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@RBolts, Looked like it might have broken back through that resistance, but it dipped again. Still watching it, though; VEN has performed well for me in the past and I am very bullish long term.
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RBolts mattsterrr
@mattsterrr, Yeah I was watching it last night thinking it might break through but it didn't. There seems to be resistance/support at 54133 which is where the 55 ma is heading towards. A triangle is forming on 30 min, so maybe we will break out of that at the end. Just looking for that reversal candle to confirm it. I've already set my sell order to take some profits,so I I would like it to go up haha.
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RBolts RBolts
But as the triangle is descending that would usually indicate a down trend at the end?
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@RBolts, typically but depends how it breaks. Or, indeed, if it breaks. Fingers crossed either way.
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