VeChain - What is happening?
Hi guys,
Today I have another update on another coin. It's VeChain (AGAIN!). You are looking at the daily chart, which tells us the following:
- Parabolic drop from 40k sats to current level (22.1k at time of writing);
- Still hugely oversold. RSI of 13.9 on Daily, which is all time low for VeChain;
- Weak support soon, due to price action in January and .786 fib level). Let's hope VEN will bounce on this area;
It seems like it is a great entry on this level. You can put your stop-loss on approx. 18k sats. The upside is great.
This is not financial advice, just my opinion. DYOR!
Today I have another update on another coin. It's VeChain (AGAIN!). You are looking at the daily chart, which tells us the following:
- Parabolic drop from 40k sats to current level (22.1k at time of writing);
- Still hugely oversold. RSI of 13.9 on Daily, which is all time low for VeChain;
- Weak support soon, due to price action in January and .786 fib level). Let's hope VEN will bounce on this area;
It seems like it is a great entry on this level. You can put your stop-loss on approx. 18k sats. The upside is great.
This is not financial advice, just my opinion. DYOR!
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