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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.
Date	February 25, 2023 - 08:30
Current	range bound
Forecast	beginning of downtrend
Midterm forecast: While the price is below the resistance 0.03385, beginning of downtrend is expected. We make sure when the support at 0.01535 breaks. If the resistance at 0.03385 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 0.03255 on 02/20/2023, so more losses to support(s) 0.02670, 0.02210, 0.02000 and minimum to Major Support (0.01535) 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 55.

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