VeChain
Long
Updated

Narrow Bollinger Bands -> Substantial Move Coming (4hr Heiken)

299
Looking for bullish confirmation on the next Heiken candle and increasing volume to support a potential large move to the upside after recent sideways movement and consolidation. If bullish confirmation fails, it may be grounds to retest the lower curve of VET's parabolic trend in the low 17 cent range. BTC.D still under 50% even after BTC's recent rise up past 57k. Eying the 1.618 fib line as VET's next big milestone of around $0.33, how it gets there is anyone's guess.
Note
Interesting market-wide selloff after a short term move up. VET is one of the bigger losers, having retested the lower parabolic trendline I have drawn. Looking for it to hold past the daily close.

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