VECHAIN ANALYSIS

  • VET price complicated by resistance at key moving averages as death cross emerges.
  • Emergence at the apex of the ascending triangle marginalizes the pattern to generate substantial returns.
  • A decline below $0.119 will confirm the breakout failure on the twelve-hour chart.

VET price rests at a major inflection point on the twelve-hour chart, complicated by the notable resistance defined by the intersection of two important moving averages and the recently triggered death cross. A close above $0.152 renews a bullish interpretation of the fledgling breakout.