A few days ago we looked at VET's indicators. VTHO is the gas of the VeChain ecosystem, so generally if VET sees major growth in price and VTHO follows.
Doing on VTHO to confirm our beliefs, we see our EMA20 still trending above the EMA50. We just hit a very important point where price touched the EMA20 (first support). If we see a nice rebound and remain within the purple lines a nice bull run can be expected.
The also confirms this trend with the lines steadying out and turning red, best case scenario would be the lines to go back green and continue rising along with price.
I try to point out these moves BEFORE they happen, not just post analysis on bull runs. Please understand this can still take a short turn down based on overall market sentiment, but most indicators point to be very .
This is not financial advice! Please trade at your own risk.