VeChain, one of the coins that has the biggest community behind it. And also had a big move in November to break out of the downtrend.
At this point it’s retracing from this push and looking at the golden pocket Fibonacci area for support. Currently it’s getting the support there given the long wicks and instant bounces from this area, indicating that buyers are stepping in.
Aside from that, if VeChain is breaking the 70 area (current resistance) continuation towards 81-84 and likely 103 are the targets to go for.
If we lose 61-64 however, I’d be aiming at 49-51 as next long entry. But given the strength from altcoins during recent days, I’d be aiming for the upwards push.
At this point it’s retracing from this push and looking at the golden pocket Fibonacci area for support. Currently it’s getting the support there given the long wicks and instant bounces from this area, indicating that buyers are stepping in.
Aside from that, if VeChain is breaking the 70 area (current resistance) continuation towards 81-84 and likely 103 are the targets to go for.
If we lose 61-64 however, I’d be aiming at 49-51 as next long entry. But given the strength from altcoins during recent days, I’d be aiming for the upwards push.