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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.

DateMarch 11, 2023 - 19:04
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 0.03385, continuation 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 -continuation of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.03255 on 02/20/2023, so more losses to support(s) 0.01725 and minimum to Major Support (0.01535) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 32.

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