Vechain Possible Bounce/Double Bottom
Vechain has been moving within this triangle for a long time now and is almost reaching its apex.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area, and if that doesnt hold I'll be looking at around 3.6 cents for support.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area, and if that doesnt hold I'll be looking at around 3.6 cents for support.
Note
Looks like the support has failed to hold.I'm looking at 5.6 cents for a possible bounce, which will turn this into a double bottom.
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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.