sebapao
Long

VeChain February Idea

BINANCE:VENBTC   VeChain / Bitcoin
VeChain has the coming rebrand in February what might be a cataclyst for breakout. But watch out trading, wait for breakout of the resistance line before entering.
STOCH looks like its going up any time now. MACD signal line is trending down, wait for curve upwards.

If breakout with good news, 80k sats             is in sight as target.

Trade with caution on this one!
Comment: Broke support line. Don't buy if we won't see support on 50k. Looks bearish for now.
Comment: Is coming back up in the buy area again. With upcoming rebrand, things look more on the bright side.
Doesn't it look like too much overbought to you?
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nmads nmads
@nmads, Anywhay, thanks for the analysis!
Reply
sebapao nmads
@nmads, Stoch RSI is in oversold area. Normal RSI is neither oversold or overbought.
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