Hi friends, hope you are well, and welcome to the new trade setup of VeChain (VET) coin.
Previously we had a nice harmonic trade of VET:
Now again on a weekly time frame, VET has formed bullish Cypher pattern. There is also 100 simple moving average support in the buying zone and moving up.
VeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high.
Clear chance we could see another leg down from here unless we rally back to above 0.052.
We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts...
