VeChain - Looking to reload off a possible support level

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Taking a look at the daily chart for VEN, we can the price hitting a support line which may be a good area to reload. The RSI indicators are showing oversold and the MACD is approaching a horizontal support line. I don't like trying to catch a falling knife, but with BTC turning more bullish I feel the alts will start to turn around as well. If the price action breaks the orange trend, we may see further selling to the dotted blue trend line. Hopefully it doesn't come to this, but if it does, it just means cheaper VEN.

Penafian

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