From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal.
Just needs to break that neckline around 0.0000233
Possible falling wedge bottom forming. Markets tend to continue what it's been doing recently so betting on a rally from this support level is reasonable IMO.
Let's see how things pan out.
Technical analysis:
. Vechain/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the price uptrend in the daily chart is not broken, bullish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary...
Technical analysis:
. VeChain/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003900 to 0.00003480). if so, traders can set orders based on...
Technical analysis:
. VECHAIN/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00003960 to 0.00003380). if so, traders can set orders based on...
