Vechain / USD (Crypto) Daily
After a big retracement, Vchain is still bullish by Ichimoku confirmations. Price is above KS and Kumo. Also Chico is above candles. Price seems to find support at Fib level 0.618.
As for direction: Almost no direction. KS is flat and Kumo is retracing (SSA down, SSB up)
As for price action: It's forming a big (bullish) spike low candle. Price came down but buying power stepped in.
Bullish scenario: Price bounce up from Fib level or KS back to previous high (0,297 USD)
Bearish scenario: Price breaks Fib level and KS and goes to previous support (0,126 USD)
Lets buy the dip 😃
After a big retracement, Vchain is still bullish by Ichimoku confirmations. Price is above KS and Kumo. Also Chico is above candles. Price seems to find support at Fib level 0.618.
As for direction: Almost no direction. KS is flat and Kumo is retracing (SSA down, SSB up)
As for price action: It's forming a big (bullish) spike low candle. Price came down but buying power stepped in.
Bullish scenario: Price bounce up from Fib level or KS back to previous high (0,297 USD)
Bearish scenario: Price breaks Fib level and KS and goes to previous support (0,126 USD)
Lets buy the dip 😃