dooday123
Long

VEN, pending breakout of key apex

BINANCE:VENETH   VeChain / Ethereum
I think that VEN             is currently correcting and squeezing into a key apex which it will break out of. The first impulse wave up appears to be already completed and following a 1-1 extension VEN             has the potential for a 40% gain. The blue box represents an early accumulation zone at the 618 fib retracement level, however I would suggest buying in on confirmation of an uptrend following the breakout of the key apex, placing your stop loss below the apex. VEN             has already bounced of the 0.5 fib region for its whole wave retracement so I do believe the market sentiment to be overall bullish for VEN             .
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