VANA is currently trading near the upper boundary of a long-term descending channel, making this a key decision area. Price has respected this structure for a long time, and the current move represents a clear resistance test, not support.
If price manages to break and hold above the upper trendline, it would indicate a potential trend shift and open room for a stronger upside move. However, a rejection from this level would likely keep price moving lower within the channel.
RSI is hovering near oversold territory, suggesting downside momentum may be slowing, but confirmation still depends on how price reacts at this resistance.
This is a wait-and-react zone.
If price manages to break and hold above the upper trendline, it would indicate a potential trend shift and open room for a stronger upside move. However, a rejection from this level would likely keep price moving lower within the channel.
RSI is hovering near oversold territory, suggesting downside momentum may be slowing, but confirmation still depends on how price reacts at this resistance.
This is a wait-and-react zone.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Market Structure • Price Action • Crypto Updates
🔗 Telegram: t.me/Coach
🔗 Telegram: t.me/Coach
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.