BINANCE:VENUSD   VeChain / Dollar (calculated by TradingView)
VeChain has reached the all-time high at $9.6, after which it corrected down to $2.6, losing 73% to the USD. Price failed to break with confidence below 61.8% Fibonacci retracement levels at $3.8 and below the 3/1 Gann Fan trendline , although it produced spikes lower.

After reaching the low at $2.6, VeChain recovered reaching the $7.1, and managed to break above the 61.8% Fibonacci retracement level, suggesting the validity of the uptrend. But now, VEN/USD is trading at the key support area , and the daily close below $4.7 would confirm the support and the Gann Fann trendline breakout. In this case, the price is likely to move down once again towards either $3.8, $2.4 or $1.27 support levels. 

However if VeChain will avoid daily close below $4.7, the price could continue moving higher and potentially hit the $10 psychological resistance level . In any case, the major trend is up, but the risk of further correction down remains.

评论: Daily close was below support, further decline becomes more likely
Top Crypto Telegram Channel:
#1 Crypto Blog:
Crypto Forum:
Alts vs BTC Trade Signals:

ETH Tip Jar: 0x79BB76B99114F9B33fd3E5477Eb05F2738D51
Great chart and analysis, thank you for the perspective. When you say "daily close" that is relative yea? I mean the daily close for China isn't the same for the EU or US... So is there some amount of time below $4.7 that you would consider the trend line broken?
+1 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出