VeChain
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We are following a slightly steep up trend at the moment after anticipation for the re branding into VeChain Thor and announcement of a partnership with BMW.
If we can break through the current Fib resistance then we may see all time highs again, but the resistance in that area will be heavy as profits are taken. Once Thor dividends are being paid, i foresee a decline in volatility followed by a steady rate of growth.
The lower trend line serves as major support.
Remember, all analysis can be thrown out the window if BTC decides to do something..
If we can break through the current Fib resistance then we may see all time highs again, but the resistance in that area will be heavy as profits are taken. Once Thor dividends are being paid, i foresee a decline in volatility followed by a steady rate of growth.
The lower trend line serves as major support.
Remember, all analysis can be thrown out the window if BTC decides to do something..
Kommentar
I have added two possible paths for Vechain to take according to my analysis, take this as a rough sand sketch.
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