As seen in the 4h chart VEN 1.90% appears to be oversold and looking to make a bounce in the next 2-6 days. Shown in the graph is a safe entry point for a long. Buy the rumour sell the news? Well this couldn't be a better example of it.
It appears that it is finding support around the 42k mark. Anything between 37k and 46k is a great entry point with a fantastic risk reward ratio. If VEN 1.90% fails to hold the 37k line there will be a big sell off, but this is highly unlikely to happen. Longs are in place.
Vechain is still one of the favorite and safest bets for 2018.
It appears that it is finding support around the 42k mark. Anything between 37k and 46k is a great entry point with a fantastic risk reward ratio. If VEN 1.90% fails to hold the 37k line there will be a big sell off, but this is highly unlikely to happen. Longs are in place.
Vechain is still one of the favorite and safest bets for 2018.