At the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous high, it will possibly drop back to its Middle Band of its Bollinger Bands, which wouldn't be a bad thing as the price could consolidate for a more few days and attract buyers at a lower price. The RSI on the Daily Chart is indicating that VET still has room to move up before becoming overbought. In a worse case and unlikely scenario of a major reversal to a downtrend this week, VET has its 50EMA, 100EMA and 200EMA levels, as well as its Ichimoku Cloud Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) as potential support levels. I hope this is helpful with your trading or hodl-ing.
Comment:
VeChain ignoring BTC's drop at the moment. Maybe 2021 will be the year where we see 'use case' cryptos detach from the grip of BTC. medium.com/vechain-f...-by-tüv-cf25e2f92126