VeChain lookin' as strong as Thor

Ichimoku Kinko Hyo

Chikou - Bullish upcross on 3/8. Still high above price and trending up. No sell signal yet.

Tenken Sen - Signals strong market trend currently

Kijun Sen - Standard line is very bullish, trending up, price has room to run still.

Senkou span A&B - Both spans are acting as support, and our two spans are very close together indicating very little volatility, a twist in the kumo just took place with span A leading a bullish uptrend

Chart Patterns -

Falling Wedge - VEN began the formation of a falling wedge 2/26 and this signals a bullish reversal.

Cup and Handle
Signature cup and handle pattern in that the price is testing old highs. This is a bullish continuation pattern.

Fibonacci/MACD/RSI
Price is sitting right near the .382 fib. Golden ratio at ~50k
MACD is high but still bullish
RSI bounced off support at 15 and currently trending back up


Watch for the price to break its fib level and the falling wedge pattern. Price needs to break the next 2 fib levels at .5 and .618, as well as the next two levels of psychological resistance before the cup and handle can be confirmed.

This breakout is confirmed by volume but will be facing selling pressure from traders who bought during previous highs.