VENBTC
Hey reader!
As this is my first analysis I'd apologize for any newbie mistakes made in them.
Now let's get into it.
VEN has been on a downtrend ever since the TOR launch, volume has decreased aswell. That is the main reason I believe this breakout is not real. For it to be real we need a bigger volume that it simply isn't there.
Hey reader!
As this is my first analysis I'd apologize for any newbie mistakes made in them.
Now let's get into it.
VEN has been on a downtrend ever since the TOR launch, volume has decreased aswell. That is the main reason I believe this breakout is not real. For it to be real we need a bigger volume that it simply isn't there.
Comment:
There are ways to play this, one of them would be to sell on the green candles before a continuation of the downtrend. Given that there is not a compelling amount of new money coming into VEN, we might see a sub 35k sats VEN soon
It was a false breakout which means the fall is intact