Vechain analysis is simple; an upward move followed by a corrective downward move which came down in a channel. Then the price broke the downtrend channel and it seems the next impulse wave has started. Let's see what happens.
Comment:
So, after VET broke the minor downtrend line, it went up, and then more; on its way toward the first target.
So, after VET broke the minor downtrend line, it went up, and then more; on its way toward the first target.
Comment:
So, VET reached the first horizontal resistance area, but couldn't break it; thus went into correction. It seems, correction is unfolding in a descending channel. Let's see when VET break this channel upward.
So, VET reached the first horizontal resistance area, but couldn't break it; thus went into correction. It seems, correction is unfolding in a descending channel. Let's see when VET break this channel upward.
Let's see if VET can break this minor, triangle's downtrend line.