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VeChain analysis

July 26, 2018 price action to current date is shown in this VeChain analysis.

VeChain chart

A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC.

Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin.

A consolidation in price above the current downtrend line would also argue for a bullish bias.

0.00000134 is used in this analysis as the point of invalidation (POI) at which point the continuation of the current downtrend would be established.

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Interested in AUDJPY analysis (FX? Check out our previous work here. Moreover,  Bitcoin analysis (BTCUSD) can be found here.

2 thoughts on “VeChain analysis

  1. […] in VeChain analysis. Check out our previous work here. Moreover,  Bitcoin analysis (BTCUSD) can be […]

  2. […] in VeChain analysis. Check out our previous work here. Moreover,  Bitcoin analysis (BTCUSD) can be […]

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