Constantine24

$VETBTC 2 year bearish trend reversal

Long
BINANCE:VETBTC   VeChain / Bitcoin
VETBTC

#VeChain is looking fantastic. Everything points to a long term trend reversal and the start of a bullrun on the weekly.

1. The MACD is crossing over bullishly on the weekly
2. Price is currently above the ~2 year long diagonal upper resistance line. (wait for close for confirmation)
3. On the daily the Ichimoku indicator looks like it is about to pierce the cloud, with a Kijun + Tenkan flip to follow. Lagging span has just bullishly crossed the price to the upside.
4. Double bottom has formed and I expect a big move if the neckline is pierced

I would wait for a confirmation of the Ichimoku cloud turning to support from resistance, as well as a break of the double bottom neckline.

Time to pay attention.

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