VeChain Weekly Chart
Vet Weekly Chart
Vet Chain is , as most of Crypto coins are, trending down since the ATH April 2021.
The last two weeks the price bounced off the major S/R around the 0.050 area, and is approaching another resistance at 0.06750
To make it to 0.075 (also 78.6% Fibo Ret of the last swing from 0.18755)
Vet price need to stay consistently above 0.06750.
Weekly trend reversal will be in place above 0.1000 and by the time would be nice to breakout the diagonal trendline
0.10 is also a 61.8% Fibo Ret of the last swing down from 0.18755
Below 0.050 the next stop may be the 0.040 area , with the nightmare scenario as to go to 0.030.
My focus will be on any candles pattern to confirm the 0.06750 support.
Also, at H4 Timeframe MA200 is now support.
This is only my personal view, Not Financial Advice here.
Vet Chain is , as most of Crypto coins are, trending down since the ATH April 2021.
The last two weeks the price bounced off the major S/R around the 0.050 area, and is approaching another resistance at 0.06750
To make it to 0.075 (also 78.6% Fibo Ret of the last swing from 0.18755)
Vet price need to stay consistently above 0.06750.
Weekly trend reversal will be in place above 0.1000 and by the time would be nice to breakout the diagonal trendline
0.10 is also a 61.8% Fibo Ret of the last swing down from 0.18755
Below 0.050 the next stop may be the 0.040 area , with the nightmare scenario as to go to 0.030.
My focus will be on any candles pattern to confirm the 0.06750 support.
Also, at H4 Timeframe MA200 is now support.
This is only my personal view, Not Financial Advice here.
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