VETUSD - SWING ANALYSIS Check out the chart for detailed analysis on VETUSD.
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Vetusdanalysis
Vechain on the verge of a huge run! Vet has undoubtedly been one of the most impressive cryptos in the past couple months putting out great numbers and has been in a very solid uptrend. I really think this is due to the realization from both retail and institution of what Vechain is and what it is doing and providing! We recently created a new ATH and i think we are going to see another one soon! Our Zero Lag Macd looks super bullish and we are seeing strong upwards movement with no sign of slowing down! We are beginning to ride the top of the bollinger bands which is very bullish and you can see the same thing and how it played out around FEB and March on the chart!! Ichimoku cloud is bringing us nice green support clouds, pushing up. Overall i think vechain will be one of the best investments for the future, the technology and what they are doing is so incredible and they already have real world use cases that are being used around the world everyday! Personally I can see myself holding onto most of my Vechain for the next few years! Not Financial advice just my opinion!
Vechain cooling off for nowWe saw an aprx 10% dip for vechain today but i believe we are just seeing a little cool off after a big run up. We are seeing price action touched down at the bottom of our ascending channel but has rebounded back up, currently we are pushing to come back above our support at 0.0737. I think short term we could see possibly a drop down to the 0.0709 support. our Macd has turned bearish for now and im looking for it to cross back over. EMA ribbons are still carrying bullish momentum and as of right now are starting to point a bit sideways and the ichimoku cloud support has been a little light but is still bullish and pointing up now. Overall still very bullish on VET just thinks it needs to cool off like it has been doing before continuing to fly up. Not Financial advice just my opinion.
