Updated
Vechain! Beautiful project, but needs a correction!
Vechain, like ICON had a fancy event. Many people were expecting vechain to announce something huge, like vechain being able to do your laundry and wash your dishes! Haha, no seriously, they are a serious project with serious partnerships and BMW (Bavaria motor works), one of the finest car manufactures was confirmed partnership!
However, if you didn't sell the news (it pumped twice!), then you will be stuck holding for a while. For those who haven't gotten into Vechain yet, you are in luck! The C wave correction is now underway. There is usually always a 50-60% correction for cryptos and vechain is no different. No matter how much you like Vechain, or how emotional you feel about the coin, the coin will not stop correcting, and your portfolio will suffer if you don't sell at right times.
My previous analysis of TRON got some backlash, because I said it needed to find a floor at around 400 sats before any serious accumulation would take place. And it's sitting right at around 400 satoshis. Many people do not believe in floors and full corrections, and just want to see things continously go up. I've learned throughout my brief trading career, that this isn't how things work!
I have a buy target for Vechain at the .618 fibonacci level. This is a great accumulation zone before the next bull run for Vechain!
Good luck, and remember, you may care about a coin, but it doesn't care about you!
However, if you didn't sell the news (it pumped twice!), then you will be stuck holding for a while. For those who haven't gotten into Vechain yet, you are in luck! The C wave correction is now underway. There is usually always a 50-60% correction for cryptos and vechain is no different. No matter how much you like Vechain, or how emotional you feel about the coin, the coin will not stop correcting, and your portfolio will suffer if you don't sell at right times.
My previous analysis of TRON got some backlash, because I said it needed to find a floor at around 400 sats before any serious accumulation would take place. And it's sitting right at around 400 satoshis. Many people do not believe in floors and full corrections, and just want to see things continously go up. I've learned throughout my brief trading career, that this isn't how things work!
I have a buy target for Vechain at the .618 fibonacci level. This is a great accumulation zone before the next bull run for Vechain!
Good luck, and remember, you may care about a coin, but it doesn't care about you!
Note
So far so good! Right on target. Small bounce is expected due to over sold conditions, then will continue to retrace to it's target!
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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.
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.