Price Analysis On New All-Time High of Vechain

Price Analysis on Vechain

Current Movement:

VET the native token of Vechain has created a new all-time high of $0.858, its previous all-time high was just four days ago.

Vechain Price Analysis Chart

Symmetric Triangle Breakout:

Vet created an all-time high of $0.835 but dropped down almost 15% before it again moved upwards. However, this time it made ATH of the closing price and again dropped down. This price movement has shown symmetric triangle in candlestick patterns.

Now VET has crossed its previous all-time high and has entered uncharted territory by breaking the triangle pattern in a bullish trend and creating a new all-time high.

RSI : current RSI for VET is 68 which shows strong support for current bullish movement.

Conclusion:

Bullish trend in VET as price analysis on Vechain indicates an upward direction in price even after an ATH, due to the breakout of the symmetric triangle.

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