📈 Daily TA: VeChain (VET/USD) | 18-09-2021

Hodl, dear members of LeoFinance!

Today I would like to comment on the price chart of VeChain.

In the 4-hour chart (4H), VET/USD formed a Descending Triangle (common trend continuation pattern) in August:
18.09.2021 VETUSD.jpg
As can be seen from the chart, VET/USD has already exited the triangle. However, because of the recent pullback, the price has dropped and now is testing the upper line of the triangle. If the price bounces off this line a buy signal may appear and some aggressive traders may open long positions.

To be continued ...

As of the time of writing, one VET costs $0,1126 on the Binance crypto exchange, according to TradingView.


A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.


Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.


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