VET is currently in an uptrend on the daily timeframe and approaching resistance at $0.155 cents.VeChain is in an ascending triangle which is a bullish chart pattern.
I am LONG expecting
VET to breakout of this resistance and flip it into support before continuing towards ATH of $0.28 cents.Should this pattern breakdown
VET will look for support at $0.12 with deeper support at $0.10Note
Ascending triangle broke down and has bounced off of support at ~$0.12.I believe this is a fake out and a quick breakout is imminent with
ETH in price discovery new all time highs.Note
Breakout through 0.15 level, looking to flip it into support before we continue towards old ATHs (0.27)
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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.