Hello, traders!
Let's talk about VeChain. Now it has a nice opportunity for potential dip buying.
VETUSDT ANALYSIS
The price of VeChain was in the strong uptrend for a long time and now it is in the reaccumulation phase. We can see the support level of the accumulation cycle (weekly S1, $0.078). There is a high probability that the price will test this level again and bounce off it. Thus, it is nice idea to set the buy order on this level.
VETBTC ANALYSIS
Let's take a look also at the VETBTC price action. It formed the the upward trend channel. There was the bearish divergence with the MFI and the rejection from the channel's upper band. Now everything looks like that the price will reach the lower channel's band and the weekly S1 pivot level before the uptrend continuation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Let's talk about VeChain. Now it has a nice opportunity for potential dip buying.
VETUSDT ANALYSIS
The price of VeChain was in the strong uptrend for a long time and now it is in the reaccumulation phase. We can see the support level of the accumulation cycle (weekly S1, $0.078). There is a high probability that the price will test this level again and bounce off it. Thus, it is nice idea to set the buy order on this level.
VETBTC ANALYSIS
Let's take a look also at the VETBTC price action. It formed the the upward trend channel. There was the bearish divergence with the MFI and the rejection from the channel's upper band. Now everything looks like that the price will reach the lower channel's band and the weekly S1 pivot level before the uptrend continuation.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
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