VeChain is a winner for us. We've traded this pair many times in the past with success and that's great. Very simple indeed, buy and hold and that's it. No margin, no leverage; no risk.
➢ Technical Analysis
The 2023/24 bullish wave was great but nothing really in comparison to the awesome bull-market we experienced all throughout 2021. The great news? The 2023/24 bullish wave is only the start, the beginning; the appetizer.
If you look at the left side of this chart, you can see something similar. Before the major bull-run in 2021 there was a bullish wave similar to what we experienced recently. There are two waves: The first one when the whales buy-in with force, and the second one is the full-blown bull-market where everybody participates. Whales and retail.
2025 Is the bull-market year and VeChain (VETUSDT) is on the list for strong bullish action, based on this chart.
A new all-time high, based on the proven theory that long-term higher lows lead to long-term higher highs, and the fact that each new bull-market ends in a bull-run that produces new ATHs, VeChain can reach as high as $0.73, or 33X from current price. Even if no new ATH is hit, growth potential ranges between 12-18X. Pretty good by any and all standards.
Even now, in 2024, and even last year, 2023, we had many altcoins producing staggering numbers. This is something normal in this market because this is a new, young, volatile and evolving market. Just as there can be big wins there can also be huge losses. So make sure to choose strong pairs from reputable exchanges. Or if you hold your own coins, strong cryptocurrency projects. There are many amazing ones with new ones coming out all of the time.
The pre-bull market wave of 2020 led to a correction and later an accumulation phase that lasted about four months. The situation is pretty similar today. How long the accumulation phase lasts depends on when you start counting but it can be between 3-6 months. Four months if we count starting September 2024 and the bullish action starting January 2025. That's just an idea.
The accumulation zone range would be "buy everything" below 0.02400. With the potential of seeing prices going as log as 0.01300 or even 0.00900. It is a big range.
➢ Trading Tips
Get a hobby. Get some books. Join a club. Go to the gym. Start a walking routine, etc. These activities so that you never have to become attached to your electronic devices, to your screen.
One of the main mistakes aspiring and regular traders make is spending too much time in front of the screen. Set it and forget it. Buy and hold.
Remember, it is a waiting game; we have to wait for years with the exception being months.
While you wait, work on your health, your mind, personal growth. You need to be strong and healthy in order to be able to enjoy massive gains in the bull-market that is sure to come. Makes sense?
Start preparing now! A sound mind is needed for long-term success.
Strategy: Buy and hold.
I know you can do this my friend. We've been here before.
The market offers endless opportunities. You can win! I can win! I am sure to win... It is easy because we have a do-able, safe and sound strategy. Don't you agree?
Write it down. Commit it to memory. Plan with a friend. Your boyfriend or girlfriend. Do what you need.
Just make sure to be ready... I want you to be able to say, "Finally, I am able to succeed!"
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