Vechain continues to climb up the purple trendline with small periods of consolidation that lead to some sort of move. We've now seen both positive and negative movements following these periods, but the overall trend remains the same. UP! Expect continued consolidation over the next few days. The pattern should be fairly obvious by now, but which direction we...
A repeating pattern of consolidation followed by a jump once we approach purple. We've had two now can we get a third? Be on the lookout for a close above black. It'll go on to test yellow and potentially green. However, if we fall below purple its a different story.
Vechain has been consolidating since its initial run at the beginning of the month. Today we're seeing an uptick in volume and the price is approaching prior resistance right around .0004420. Closing about this resistance would be a very positive sign and could call for another increase in price where the next point of resistance would be around .00046-.00047 and...
Vechain tumbled quickly after falling past the bottom of its upward channel. It's now testing red while being squeezed from above by the EMA 20. It could find support and bounce up, but would have to break above the EMA 20 for any significant increase to occur. Watch for an up tick in volume. However, if its breaks support of red it could end up falling hard...
Vechain has been dancing between three different levels of resistance (Red, Yellow and Green) while consolidating . Passing either threshold may cause movement in the direction of the corresponding arrow. Passing red is not favorable, yellow would be promising movement with a larger breakout occurring at green.