dawn996

Vechain to resume upward trajectory!

Long
BINANCE:VETBTC   VeChain / Bitcoin
After beimg sold off and consolidating for a while, it seem like Vechain is ready to trade higher from here. While I have not completely see a confirm buy, DMI+ crossing over DMI - signalled some form of new trend to emerge. What is not confirming yet is that EMA 8 has not cross over EMA 13 and the downward trendline has not been broken as yet at 0,00000167 level.

Despite so, the general sentiment in Alt coin does make the calculated risk seem worth taking. So I am going to take it at 0.00000162. Buy here for an eventual move up to break above 0.00000167 and with target of 0.00000296.
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.