VeChain - Compressing and getting ready for a breakout
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I am still new at this, so take my ideas with a grain of salt. NONE OF THIS IS INVESTING ADVISE!
On the 1 hour chart, it looks like the volume has been dropping and the price is compressing. MACD is moving through a tighter range as well. It looks like this is getting set up for a breakout. Based on the upcoming rebranding, I am hoping it will be a bullish one, but we shall see. Any major swings in BTC will likely influence it, though it has seemed a bit more stable than some of the other altcoins.
Feel free to add your insight.
On the 1 hour chart, it looks like the volume has been dropping and the price is compressing. MACD is moving through a tighter range as well. It looks like this is getting set up for a breakout. Based on the upcoming rebranding, I am hoping it will be a bullish one, but we shall see. Any major swings in BTC will likely influence it, though it has seemed a bit more stable than some of the other altcoins.
Feel free to add your insight.
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Breakout occurred!
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