Vechain trying too hard!
last night we saw vechain announce a 50 million token lock up for there highest node for march 20th, "
i would like to add there ceo tweeting about the low price quote "I guess that’s the price of Transparency"
which is quite unprofessional but it seems to me that they are bothered by the current price.
vechains marketing team is smart for the short term price but not long term (not until mainnet june!)
with an 800million supply and a 50million lock up simplified thats 80-5 not much..
(last night vechain was touching below a key support line right when the team made the announcement,
the majority of there team is based in china and that announcement was made at 11.52pm! coincidence or orchastrated?)
vechain still needs a healthy correction and i dont believe the current price will suffice,
remember the 10x run up in 2 months? consolidating isnt over!
looking at rsi trends i think we will see (short term dip)
i would like to add there ceo tweeting about the low price quote "I guess that’s the price of Transparency"
which is quite unprofessional but it seems to me that they are bothered by the current price.
vechains marketing team is smart for the short term price but not long term (not until mainnet june!)
with an 800million supply and a 50million lock up simplified thats 80-5 not much..
(last night vechain was touching below a key support line right when the team made the announcement,
the majority of there team is based in china and that announcement was made at 11.52pm! coincidence or orchastrated?)
vechain still needs a healthy correction and i dont believe the current price will suffice,
remember the 10x run up in 2 months? consolidating isnt over!
looking at rsi trends i think we will see (short term dip)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.