VeChain - Quick analysis

Vechain recently announced a partnership with Egrid and it has caused a spike above the 0.5 fib as seen below

daily chart

Resistance has been established at the long term down trend line as seen below

1 hour chart

Egrid announcement https://medium.com/@vechainofficial/vechain-signs-a-partnership-agreement-with-shanghai-egrid-consulting-co-ltd-368089e6011e

https://www.tradingview.com/u/angus01408/

https://coinalyze.net/