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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