. Vechain/Ethereum 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 39.
. While the price uptrend in the daily chart is not broken, bullish wave in price would continue.
. There is a possibility of temporary...
I have already posted my analysis of vet/usd on the week and day. this is a closer look at the sub waves on the 4 hour chart.
As i said before, this looks like the start of a 3rd wave on the larger time scale.
we are currently forming the first sub-waves 1 and 2 of the primary wave 3.
if my count is correct we could get a 90% gain total from the primary wave.
VET looks to me like its completed a wave 1 & 2 and is just starting wave 3.
comments and feedback are welcome and appreciated.
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VeCHain looks to have bottomed out after testing the level at 158 twice and finding support both times. This should make a steady bedrock for accumulation to begin, moving out of the two wedges and then looking to find support at previously established levels.
VET in accumulation area at the moment putting in lower highs. We are still waiting for this Alt to breakout like all the other big names in the crypto ALT market have done this weekend. #VET one to look out for in the near futrure.