Vechain is riding an ascending channel. The ceiling of the channel has been respected a few times.
Price action is now bound for a cluster of support. The level that is designated in green used to be a strong support area, which is regained now. A bounce off this area can validate an assail towards the resistance which is designated in red. The area designated in purple could act as a launchpad. We need to wait and see how price action develops there.
In case of a bounce off the purple box, the trade offers a decent R/R with a profit to the tune of 25%.
Price action is now bound for a cluster of support. The level that is designated in green used to be a strong support area, which is regained now. A bounce off this area can validate an assail towards the resistance which is designated in red. The area designated in purple could act as a launchpad. We need to wait and see how price action develops there.
In case of a bounce off the purple box, the trade offers a decent R/R with a profit to the tune of 25%.
交易結束：目標達成
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