Vechain Week Charts and flags ??
Vechain on the week...
That looks quite nice and as you can see I have mapped out the similarities with the previous similar situation.
Initially it is important for the bulls to get through the USD 0.152 and gain ground. Then the tone could be set to continue.
If the Bears have an advantage and they manage to keep the bulls away from that $0.152, then we should look at where support can be found again.
For the support and resistance lines on this Time Frame, I use the Fibanocci series as a major guideline.
i see my first arrow is red.. should have been green too .. my bad.
Keep calm, trade safe en manage your risk.
(Disclaimer: no financial advice)
That looks quite nice and as you can see I have mapped out the similarities with the previous similar situation.
Initially it is important for the bulls to get through the USD 0.152 and gain ground. Then the tone could be set to continue.
If the Bears have an advantage and they manage to keep the bulls away from that $0.152, then we should look at where support can be found again.
For the support and resistance lines on this Time Frame, I use the Fibanocci series as a major guideline.
i see my first arrow is red.. should have been green too .. my bad.
Keep calm, trade safe en manage your risk.
(Disclaimer: no financial advice)
Tims.Technische.Analyse by TIMTIBBO