The 5D time timeframe is showing us a decrease in selling volume and price responding well to previous support where VeChain spent some time last February, with a wick touching .04416. The smaller time frames like the 4H indicate that we have found some support at current prices. I had my orders filled earlier but will still be keeping an eye on VeChain and Bitcoin, more downward price action is also possible. A stop loss is a good friend in a volatile market!
With that said, I'm cautiously optimistic. As long as the 39,500 support holds for Bitcoin then we can expect a healthy rebound from VeChain.
Enjoy your weekend.
With that said, I'm cautiously optimistic. As long as the 39,500 support holds for Bitcoin then we can expect a healthy rebound from VeChain.
Enjoy your weekend.
Comment:
Bitcoin has closed below the 39,500 support. This is concerning from a buying perspective, I would be cautious. Will just be scalp trading until I see signs of a bullish reversal.
Comment:
I'm glad I bought some VET. Compared to some of the other charts VET had more MSBs that were notable to me so I bought less of this, a shame, but always good to play it safe! Expecting more out of VET if Bitty permits.