VeChain analysis: Bullish move on the horizon
July 26, 2018 price action to current date is shown in this VeChain analysis. A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC.
Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the current downtrend line would also argue for a bullish bias.
0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.
Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the current downtrend line would also argue for a bullish bias.
0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.
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