VET/BTC Binance Macro Trend

18 Des 2020

Vechain seems to have broken to the upside of that downward channel within the red lines. right now is a crossroads, in my opinion. we will either see a full breakout from the red channel and a move into the historical channel represented with the yellow lines, or continued the downtrend within the red, back to test near the .00000045 level. we will know very soon. i am personally a little more bullish than bearish. i think the cross at the 33 and 66 might provide the necessary positive energy to continue the accumulation cycle, as these current new support/resistance levels line up nicely with long-term trend levels at historical accumulation periods.