If you like my ideas and the work I do, please check out the links in the signature and give me a like ;).
Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave.
It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the price is holding above the Kumo Cloud.
The main thing to look for is if it can break the historical resistance marked with the dotted line, on a breakout of the triangle. The probability whit this pattern is in favor of a bullish breakout but a strong horizontal resistance is always a level to take into account.
If it breaks that resistance it should give it a good boost and then the upside could be very positive.
Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave.
It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the price is holding above the Kumo Cloud.
The main thing to look for is if it can break the historical resistance marked with the dotted line, on a breakout of the triangle. The probability whit this pattern is in favor of a bullish breakout but a strong horizontal resistance is always a level to take into account.
If it breaks that resistance it should give it a good boost and then the upside could be very positive.