(VET) VeChain ON THE ROAD TO 1$ 🧑‍🚀 🚀

2 בדצמ׳ 2021

Hello everyone !


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 ⚠️


Resistance : Tenkan / Kijun / Kumo

Supports : (0.618 + both trend lines)


TP1 : 0,49 $
TP2 : 0,76 $
TP3 : 1,03 $
TP4 : 1,30 $


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