Description
⋅ VEEBTC is now challenging the EMA50 resistance while trading above EMA100/MA200.
Prices for VEEBTC peaked at 24 satoshis after breaking above MA200.
A correction followed with VEEBTC printing a higher low 16-Sept. compared to 9-March.
After this higher-low, we are now seeing prices back above MA200 opening the doors for additional growth.
The RSI is strong and the MACD trending up...
Just a little longer before the next move.
The two main bullish potential scenarios are depicted on the chart.
We go super bullish above EMA100/EMA50 and MA200.
We stay bullish below these levels as well and expect a bounce if there is a retrace.
Conditions for change
If prices move and close below the last low at 7 satoshis, we are likely to see lower prices.
Namaste.