VeChain looking for a breakout

20 Şub 2021

VeChain with it's ultra strong fundamentals is looking for a breakout. We can clearly see that the 95 sats level has been supported by the bulls three times. The pair is consolidating in a descending triangle which is a bearish pattern. However because the market sentiment is very bullish this pattern is more likely to breakout to the upside. Currently the bulls are fighting the upper trend line and the 200MA at 105 sats. A long position can be entered when this resistance breaks with convincing volume. When this happens the next target will be 140 sats.

Wishing you the best and good luck.