Crypto Analysis Nov 2nd

November 2, 2021

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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

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