VeChain: Potential Reversal
Hello Traders,
Wow what a day! It seems like all the alt coins are recovering today.
Looking at the 4 hour chart, I see a potential break out for VeChain.
We saw that descending yellow top lines acted as major resistance in past few days, and VeChain just broke this line today.
Currently, VeChain is confirming whether yellow line as well EMA200 can act as a good support. if we see a good bounce in next few hours, I expect VeChain to bounce within pink channel that I drew.
If Vechain goes back to yellow descending triangle, the good entry would be 37K satoshi.
Happy trading.
Wow what a day! It seems like all the alt coins are recovering today.
Looking at the 4 hour chart, I see a potential break out for VeChain.
We saw that descending yellow top lines acted as major resistance in past few days, and VeChain just broke this line today.
Currently, VeChain is confirming whether yellow line as well EMA200 can act as a good support. if we see a good bounce in next few hours, I expect VeChain to bounce within pink channel that I drew.
If Vechain goes back to yellow descending triangle, the good entry would be 37K satoshi.
Happy trading.
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