Updated
VeChain - Compressing and getting ready for a breakout
I am still new at this, so take my ideas with a grain of salt. NONE OF THIS IS INVESTING ADVISE!
On the 1 hour chart, it looks like the volume has been dropping and the price is compressing. MACD is moving through a tighter range as well. It looks like this is getting set up for a breakout. Based on the upcoming rebranding, I am hoping it will be a bullish one, but we shall see. Any major swings in BTC will likely influence it, though it has seemed a bit more stable than some of the other altcoins.
Feel free to add your insight.
On the 1 hour chart, it looks like the volume has been dropping and the price is compressing. MACD is moving through a tighter range as well. It looks like this is getting set up for a breakout. Based on the upcoming rebranding, I am hoping it will be a bullish one, but we shall see. Any major swings in BTC will likely influence it, though it has seemed a bit more stable than some of the other altcoins.
Feel free to add your insight.
Note
Breakout occurred!
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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.