#VANA/USDT#VANA
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 6.52.
We are seeing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 6.75
First target: 6.98
Second target: 7.24
Third target: 7.52
Vanausdtperp
VANAUSDT Prepares for Bullish MoveVANUSDT Technical analsysis update
VANA has been forming a symmetrical triangle pattern over the past 90 days on the daily chart. A bullish move is expected once a breakout occurs. Additionally, a bullish MACD crossover happened a few days ago. Let's wait for a breakout above the triangle resistance for bullish confirmation.