The chart for VeChain vs Tether (VETUSDT), looks like the Bitcoin (BTCUSD) chart a few weeks back.
Right now we are looking at a bullish ascending triangle with many other bullish signals in place. Let's take a look...
We can see VETBTC trading above EMA200 (orange line / 0.007404), a strong resistance which rejected VETBTC before but now has been conquered.
Significant increase in volume. The break above this resistance is backed up by above-average volume, this is a good indication that this break is valid.
The MACD is on the bullish zone and trending up.
The RSI is strong on the bullish side.
VETBTC is easily trading above EMA10, 50, 100, and MA200. A strong impulse move can happen anytime while trying above these levels.
Conditions for change: If VETBTC moves down and closes below MA200 (0.005384), then the above signals become invalid. A new analysis is needed.