Biffy

VET Fibonacci Analysis

BINANCE:VETBTC   VeChain / Bitcoin
Interesting zone approaching for VET, the end of the time axis fibonacci indicates a likeley reversal period, but the sine lines also show that the momentum may take a little longer to turn around. The trendline fib indicates that we might be near a bottom, which I beleive will be near the 3.272 or 3.618 trendline.

Perspective: Neutral / Short for now. Then if we see a shift in momentum near the fibonacci support zones by mid-December I will change my perspective to Long

Biffy
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