Technical analysis:
. VECHAIN/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support ...
Technical analysis:
VECHAIN/BITCOIN is in an up trend and Resumption of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 71.
Trading suggestion:
The price is in an up trend, but we forecast the uptrend would probably resume.
There is possibility of temporary retracement to suggested support zone (0.00042 ...
Hi guys
With the listing of VEN on another exchange we could potentially be seeing a cup + handle formation in play.
Targets are labelled on the chart.. let me know what you think?
We have an ascending triangle here so, expect a $VEN breakout in the next couple of days/weeks, however with the market being as hormonal as it is, who knows!
