Long
Vechain Testing Lower Resistance
Vechain has been dancing between three different levels of resistance (Red, Yellow and Green) while consolidating .
Passing either threshold may cause movement in the direction of the corresponding arrow. Passing red is not favorable, yellow would be promising movement with a larger breakout occurring at green.
Passing either threshold may cause movement in the direction of the corresponding arrow. Passing red is not favorable, yellow would be promising movement with a larger breakout occurring at green.
Note
The EMA 20 and red support line are converging, squeezing the price action tighter between them. We have two scenarios here to look for. A close above the EMA 20 would be very promising. A close below the red support line could lead to a drop, possibly a continuation of the longer term pattern in purple. Past examples of these two scenarios are highlighted in the colored boxes.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.