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VEN Swing Trade

The Stoch RSI on the 1D Chart explains that the dumping on Ven has not yet finished.

The daily has rejected a dump further from the 0.00048540. The dump continued to the 0.00046 level meaning that Ven keeps retesting that position.

Effectively we may see at least a retrace to the 0.00045 to 0.00040 before beginning an uptick to 0.00056 to 0.00058.

Nouvive recommends an entry level long from 0.00040 to 0.00045 position. A Saudi Stop Loss should be placed at the 0.00038-39 position representing a 3-5% Risk ratio.

Nouvive recommends a take profit level from 0.00055 to 0.00058.

 

A long from the positions stated illustrates a 37 per cent gain.

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18

ViFeed Indicators

Bitcoin (BTC)
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46.00 RSI
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$0.38
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Bitcoin Cash (BCH)
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Litecoin (LTC)
$101.09
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EOS (EOS)
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Binance Coin (BNB)
$33.81
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Tether (USDT)
$1
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-0.24%
--
Stellar (XLM)
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Cardano (ADA)
$0.08
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