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Anchored VWAP Strategy, Formula, Settings
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7/26/2021 11:57:06 PM GMT
VeChain price falls flat at the resistance formed by the Anchored Volume Weighted Average Price (VWAP) and the daily Ichimoku Cloud.
The VET six-day Rate of Change (ROC) shows the best gain since the April high.
The digital token holds the 50-week simple moving average (SMA) on a closing basis, improving outlook.
VeChain price did trade below the June 22 low in July but has responded with a 40% return (based on the current price) over the last six trading days, a sign of commitment and emotion in a cryptocurrency that had lead the market lower. However, the easy money has been earned as VET is now confronted by four credible indicators, forming a commanding resistance level that will limit the upside for at least the short term.