A look at VeChain
Just a quick look at VEN and possible reasons for some of the price action as well as support/resistance levels I've identified.
Green Line = Resistance at 48k
Purple Line = Next resistance at 44k
Faded Purple Line = Broken resistance at 41k but not acting as support
Orange Line = 38k strong support (bounced off this in the dump)
Red Line = 36k range next potential support if it dumps again
Personally, I don't think VEN will go lower than 38k, but you never know, some recent blunders (see chart) have let them down.
Green Line = Resistance at 48k
Purple Line = Next resistance at 44k
Faded Purple Line = Broken resistance at 41k but not acting as support
Orange Line = 38k strong support (bounced off this in the dump)
Red Line = 36k range next potential support if it dumps again
Personally, I don't think VEN will go lower than 38k, but you never know, some recent blunders (see chart) have let them down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.