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Vechain: The decline is (probably) not over.

The price drop in the wake of the much anticipated rebranding is very psychologically damaging. Many many people were wildly bullish. These people need to be cleansed.
If Vechain breaks below the flag, it could decline much further. Odds are however, it bounces first.
In this chart, you can see when the 8h stochastic has hit ZERO in the past, one more brutal decline followed.
Anything can happen, but major technical damage has been done. It's still long term bullish, but I will look for opportunities at lower levels, starting around support at .0046
If Vechain breaks below the flag, it could decline much further. Odds are however, it bounces first.
In this chart, you can see when the 8h stochastic has hit ZERO in the past, one more brutal decline followed.
Anything can happen, but major technical damage has been done. It's still long term bullish, but I will look for opportunities at lower levels, starting around support at .0046
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。