$VETBTC 2 year bearish trend reversal
VETBTC#VeChain is looking fantastic. Everything points to a long term trend reversal and the start of a bullrun on the weekly.
1. The MACD is crossing over bullishly on the weekly
2. Price is currently above the ~2 year long diagonal upper resistance line. (wait for close for confirmation)
3. On the daily the Ichimoku indicator looks like it is about to pierce the cloud, with a Kijun + Tenkan flip to follow. Lagging span has just bullishly crossed the price to the upside.
4. Double bottom has formed and I expect a big move if the neckline is pierced
I would wait for a confirmation of the Ichimoku cloud turning to support from resistance, as well as a break of the double bottom neckline.
Time to pay attention.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.