Are the Vechain Rihno's back to show new momentum?
The 4 hour of the Vechain show some sings of reversal:
* The MACD try to cross bullish to the upside but it needs more agression!
* MACD shows de bears are loosing controll, you can see the red candles to the downside are arent so big anymore
* RSI, Very low almost oversold ticks a vieuw times the 30 area.
* On price action you can see an double bottom on the 68 sats level what could indicate an local bottom and respect that area.
* Last 4 hour candle close is an nice green rihno candle what show bullish momentum but needs continuation!
The 4 hour of the Vechain show some sings of reversal:
* The MACD try to cross bullish to the upside but it needs more agression!
* MACD shows de bears are loosing controll, you can see the red candles to the downside are arent so big anymore
* RSI, Very low almost oversold ticks a vieuw times the 30 area.
* On price action you can see an double bottom on the 68 sats level what could indicate an local bottom and respect that area.
* Last 4 hour candle close is an nice green rihno candle what show bullish momentum but needs continuation!
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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.