Pullback Entry @ 51.8 Sl @ 53.8 Take Profit @ 39.8 R:R 1:5
There are HH and HL according to 1H and 4H time frames indicating a healthy bullish trend. The current HL has tested a previous HH zone and there is a gravestone doji candlestick formation. Also, the candlestick has closed above the 13 MA candlestick. Entry point at 130.8, TP at 131.1 and 131.4, SL at 130.5
Vechain has been on a bearish momentum for a period of time and there is a reversal in the trend, thus; formation of a bullish trend . It has tested the demand zone . It has broken the bearish trendline on the 1 hour timeframe, and tested it. The 50 MA is crossing over the trend, thus indicating a bullish move.