Today the Black Cat Trader is analyzing Vechain (VET) based on a weekly chart 📈
What we can see :
- VET is actually very closed to its uptrend line (green). - Prices broke the downtrend line (red) and test it now as a support. - 0.618 fib level act as a strong support right now. - Prices are under the Kijun/Tenkan and under the Kumo. Note that the Lagging span is actually trying to crosses prices.
What we can expect :
If VET manages to hold its support (0.618 / both trend lines) we can expect prices to reach upper levels in the coming weeks.
But we need, first, those confirmations :
- Prices must break the Kijun / Tenkan / Kumo, and the Lagging span must crosses prices and ALSO the downtrend line ⚠️
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.