Hello everyone !
Today the Black Cat Trader is analyzing Vechain (VET) based on a weekly chart 📈
What we can see :
- VET is actually very closed to its uptrend line (green).
- Prices broke the downtrend line (red) and test it now as a support.
- 0.618 fib level act as a strong support right now.
- Prices are under the Kijun/Tenkan and under the Kumo. Note that the Lagging span is actually trying to crosses prices.
What we can expect :
If VET manages to hold its support (0.618 / both trend lines) we can expect prices to reach upper levels in the coming weeks.
But we need, first, those confirmations :
- Prices must break the Kijun / Tenkan / Kumo, and the Lagging span must crosses prices and ALSO the downtrend line ⚠️
Resistance : Tenkan / Kijun / Kumo
Supports : (0.618 + both trend lines)
TP1 : 0,49 $
TP2 : 0,76 $
TP3 : 1,03 $
TP4 : 1,30 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Today the Black Cat Trader is analyzing Vechain (VET) based on a weekly chart 📈
What we can see :
- VET is actually very closed to its uptrend line (green).
- Prices broke the downtrend line (red) and test it now as a support.
- 0.618 fib level act as a strong support right now.
- Prices are under the Kijun/Tenkan and under the Kumo. Note that the Lagging span is actually trying to crosses prices.
What we can expect :
If VET manages to hold its support (0.618 / both trend lines) we can expect prices to reach upper levels in the coming weeks.
But we need, first, those confirmations :
- Prices must break the Kijun / Tenkan / Kumo, and the Lagging span must crosses prices and ALSO the downtrend line ⚠️
Resistance : Tenkan / Kijun / Kumo
Supports : (0.618 + both trend lines)
TP1 : 0,49 $
TP2 : 0,76 $
TP3 : 1,03 $
TP4 : 1,30 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)