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Weekly forecast VeChain technical chart
Symbol VETUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 8, 2023 - 17:17
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.02000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • A peak is formed in daily chart at 0.01965 on 12/10/2022, so more losses to support(s) 0.01496, 0.01159 and more depths is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 45.

Symbol Released Current Forecast
VeChain (VETUSD) free Fri, 22 Mar 2024
VeChain (VETUSD) Mon, 18 Mar 2024
VeChain (VETUSD) free Sun, 10 Mar 2024
VeChain (VETUSD) Mon, 4 Mar 2024
VeChain (VETUSD) free Sun, 25 Feb 2024