jamey5k

VeChain (VENBTC) - Falling wedge

BINANCE:VENBTC   None
So, we had our breakout and it was to the upside. However, the crossing of the two EMAs above is likely to offer considerable resistance, so there is a bit of room for upward movement, but not much until that resistance is encountered. It seems like we have some support at the 0.00046 level, and it has bounced there once. We had decent volume on the original bounce, but volume has not been encouraging since then, so we are not out of the woods yet.

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