VET still has room to drop before it's a buy!
VET continues to drop slowly as the weeks go by
EMAs continue to plunge lower as price has been unable to close above the EMAs for over a month now
VET will be releasing a System for BYD Vehicles by the end of Q4 2018/ Q1 2019
Upcoming catalyst could see a rise in price but we still have some downside before we can buy this coin
Thanks guys!
Vetbtc
VET/BTC will break up shortly.Wooow VET just doesn't want to make any distinct moves lately. I started accumulating at 158-160 sat. I will sell half of my position at 174 Sat because I'm not a greedy bastard but I do feel that it could make a 30% move in the next few weeks. So if your a 'hodler' I would recommend buying a bag at the current price (160 sat). Especially if BTc pumps due to this supposed ETF gets approved, but to be honest I'm not too hopeful. All the news articles about it are iffy and I keep hearing fake dates that will "determine the start of a 2018/2019 bull run". Most of this is BS and never trade accordingly.
The Truth About $VET You Need to Know. It's a .....VeChain is a public blockchain platform that focuses on supply chain management and smart contracts. It is commonly listed as VET on crypto trading platforms. VeChain was the only top 20 cryptocurrency that did not show negative returns in the first three months of 2018, instead gaining 28 percent. In April 2018, it was the 17th largest cryptocurrency. (Wikipedia)
Right now it's sitting at #19 on coinmarketcap with 55.5 billions circulating supply and 86.7 billions of total supply. VeChain is from China and was born almost 3 years ago, right now they have a great office in Singapore.
VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real world applications.
It's a great project by the way, but it's quite new for me. The truth is that this volatility on the market price on VeChain can't convince me that i have to have this on my portfolio list rather than stopped only at my watch list because it's quite tempting for their ambitious VeChainThor project. I suspect nothing but good for their future, but i need to consider that i have to be careful right now towards some project.
Well, it's me. How about you?
VET inside falling wedge and possible break out Vet is inside huge falling wedge over 2months and trying to break out, unfortunatelly there are still lot of sellers in orderbook and we have to see if VET gonna break out or it will continue to fall.
For confirmation traders you can enter the game once we break out of this structure, for agressive traders you can enter now and put stop loss bellow 155sats pax.
VET stoped just bellow 0.618 fib levels.
You can put your targets around 180sats, 190 sats and if its gonna continue bullish 200 sats , 210-220sats
Dont forget to put your stop loss
Happy trading
VET/BTC broke the .382 support level. Could move lower.VET/BTC broke a key support level around 165 (.382 fib level) and has been unable to get back above it and hold above it. On one end, we can see the 4-hour RSI printed some bullish divergence as shown by the orange lines on the price action and on the RSI, but it was unable to get above the light-blue line which has been acting as resistance on the 4-hour RSI chart for a little over a week now. On top of VET/BTC being unable to get back above the .382 fib level, we can see the 4-hour EMA's will now act in conjunction with the .382 fib level as resistance, and I suspect VET/BTC will be unable to break that much confluence. I'll be watching for a move down to the .236 fib level around 141, or possibly a retest of the bottom around 101 should the .236 not be able to hold. If VET/BTC can get back above the .382 fib level and hold that level as support, then there is a chance it could look to meet some of the 4-hour EMA's, and if it can get above those, there is a chance it could move to the .5 fib level around 185.
Area's to watch for entry:
141 (.236 fib level)
101 (0 fib level, could form a double bottom if it holds this level.)
--This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.