VeChain (VETBTC) clear most of its gain from the last bullish wave and it is preparing to print a new one.
After hitting a low in March 2020, there was a prolonged consolidation phase until May followed by a very strong bullish wave that printed over 500% in profits... The next one can be stronger.
Right now we see that after months of correction we are still within the "higher low" range and see prices preparing to turn.
With new money being injected into Bitcoin and the cryptocurrency markets, we are likely to see VETBTC also grow in the weeks to come.
Another easy one if you can harness the ability of patience... Buy & hold.
Breakout rejected several times, is the setup still valid?
flypreto
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@jack_vegas85, Which "analyst" wants to burn his fingers now, therefore no updates. After the decision comes then the explanation why and that it was clear etc. :D
jack_vegas85
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@flypreto, well, the current trend looks like an upward chanel, and according to this prediction vet should reach its goals is few months, which is still possible if btc stops moving so much. Lets hope.
flypreto
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@jack_vegas85, thanks for your Feedback! i appreciate this very much!
vechain is one of the real crypto companies/projects.
Technical analysis is forming higher highs, and higher lows which is a clear indication this is going to shoot up soon (soon -> tomorrow, next month, june.. no one knows)
All these crypto projects pump one after another. We do not know when vechain will pump. Could be next, or late. But Since its a real project, it will happen.
If your scared, dont hold more then you feel comfortable with. like 10-20%
jack_vegas85
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@Jbergene, vet is in the same range since late october 2019. The price is artificially held in this range. TA is worthless here.
Jbergene
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@jack_vegas85, jepp. I have a huge feeling its because someone or something is accumulating a lot more. Once it takes off, it will rocket.
Look at BTC and ETH support levels. Buying VET now is an extremely good risk/reward trade