VeChain | Back on Track?

١ فبراير ٢٠٢١

After quite some bleeding, VeChain's TA is finally looking good again. Volume is increasing and the negative downtrend has been broken. After waiting patiently and buying more at any significant dip, I expect to see some great bullish momentum in the coming weeks. Other traders are already calling for a Cup and Handle pattern for VET, where I am mainly focused on the longer-term outlook: all lows of these past two weeks were still significantly higher than January 11th low (+/- 25% lower). Looking at the short-term, VET needs a breakout above the current resistance of $0.0295, which is almost happening as of this moment.