VeChain Macro View
Diupdate
We all know that markets behave very cyclical. Top to top and bottom to top days are almost exactly the same (give or take a few days).
If the amount of days stay the same, we could see a market top at the end of 2023 or at the beginning of 2024.
VeChain is also printing an inverted H&S. This is a bearish to bullish reversal pattern. And it started exactly at the 600 day when the bottom was in.
We will see what happens at the next 8 months.
If the amount of days stay the same, we could see a market top at the end of 2023 or at the beginning of 2024.
VeChain is also printing an inverted H&S. This is a bearish to bullish reversal pattern. And it started exactly at the 600 day when the bottom was in.
We will see what happens at the next 8 months.
Catatan
Touched the longterm support. Let's see what it does in the upcoming weeksCatatan
I changed the channel a little bit. The first top was back in early 2018 when VEN reached around $8. Which means the channel started then and not in July 2018 like shown here which makes the channel a bit more flat. With that in mind, i think that the next ATH is in May of 2024 at $1. RSI is also in bull market regions which it hasn't since previous ATH (0.28). So in conclusion the bottom is in, bull market has started and we will see a new ATH in May of 2024.
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