Hello and thanks for reading into my post.
As you can see VeChain's chart is currently in a bullish upward movement.
I'm holding since 2017 and from my feelings and experience, I tried to make the chart easier to read and understand.
There are 4 Major zones that I will explain now.
1. KEY RESISTANCE: Key resistance show's us the current problem the price is facing, the range between 45-25c seems to be a place where people like to sell their holdings currently.
2. Area of confluence/trend changer: This is the zone where we get to decide how the trend will continue. Right now the odds are higher that we will continue bullish momentum but once we cross below this zone, the bear mode is activated.
3. KEY SUPPORT: Key support is last cycle's top resistance as you can see from 2018-2020 we've been trying to get above the key level zone several times.
4. Accumulation/buy Range: This is the zone where we stayed the most, 2 years of this chart have been in this price region, which means there had to be some accumulation ongoing, even if it does not look like a textbook accumulation range.
I hope you enjoy this
greets
The Doc
As you can see VeChain's chart is currently in a bullish upward movement.
I'm holding since 2017 and from my feelings and experience, I tried to make the chart easier to read and understand.
There are 4 Major zones that I will explain now.
1. KEY RESISTANCE: Key resistance show's us the current problem the price is facing, the range between 45-25c seems to be a place where people like to sell their holdings currently.
2. Area of confluence/trend changer: This is the zone where we get to decide how the trend will continue. Right now the odds are higher that we will continue bullish momentum but once we cross below this zone, the bear mode is activated.
3. KEY SUPPORT: Key support is last cycle's top resistance as you can see from 2018-2020 we've been trying to get above the key level zone several times.
4. Accumulation/buy Range: This is the zone where we stayed the most, 2 years of this chart have been in this price region, which means there had to be some accumulation ongoing, even if it does not look like a textbook accumulation range.
I hope you enjoy this
greets
The Doc
KSC