Updated
What to Expect from VeChain?
Hey, I am back with another Technical Analysis, this time looking at VeChain.
I will just keep this one more simple this time.
Taking look at chart.
I have determined zone, where sellers were showing after run up, and than finding support here, currently this zone is a strong demand zone. Strong ressistance at 60,000 and support at 40,000, I see VeChain at this support only if Bitcoin will see some more selloff.
What about Indicators?
I have never seen RSI support and ressist level this high, which makes this Token really strong, anyway tommorow we can still see some green candle as we are headed to support level, which we can stay for a while.. If VeChain is strongly bearish, VeChain will just past this level easy.
MACD - First histogram tick so long, thats really not a good sign, but you have to keep in mind that this tick can still change, as its today tick, Strong bearish trend.
EMA has changed trend from bullish to bearish.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with VeChain somehow clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will do an update!
I will just keep this one more simple this time.
Taking look at chart.
I have determined zone, where sellers were showing after run up, and than finding support here, currently this zone is a strong demand zone. Strong ressistance at 60,000 and support at 40,000, I see VeChain at this support only if Bitcoin will see some more selloff.
What about Indicators?
I have never seen RSI support and ressist level this high, which makes this Token really strong, anyway tommorow we can still see some green candle as we are headed to support level, which we can stay for a while.. If VeChain is strongly bearish, VeChain will just past this level easy.
MACD - First histogram tick so long, thats really not a good sign, but you have to keep in mind that this tick can still change, as its today tick, Strong bearish trend.
EMA has changed trend from bullish to bearish.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with VeChain somehow clearer.
If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will do an update!
Note
tradingview.com/x/dp4JL49H/Bounced of 48 RSI as expected, keep in mind that this a daily TA.Note
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.