Market analysis
🌴VET/USDT FREE ANALYSIS🌴
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💎VeChain has been range trading since May 19
💎On Sep 29, the MACD oscillator formed a bullish divergence on the 12h chart
💎Straight after the price went up by over 40% while testing the resistance at 0.1170 area
💎This resistance has been acting as a critical supply/demand area during the past two months
💎The two significant facts are: break above the resistance and rejection of the 200EMA near 0.1000 psychological support
💎Current price action strongly favors an uptrend, towards one of the Fibonacci resistance levels
Crypto trading involves substantial risk and is not suitable for everyone. Nothing here is financial advice; it is education only. Never risk more than you can afford to lose.
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