VeChain priming for breakout from a bullish falling wedge on the 1D chart. Price is right at the apex and there is bullish divergence on the 4 hour chart (see yellow arrows in pic below). RSI and stochastic are also oversold on the higher time frames. Using fibonnaci retracement, VET/BTC should first target 0.00000186 at 0.5 fib so maybe take a small partial profit at this level. I expect VET/BTC to then reach 0.00000207 at 0.618 fib and 0.00000235 at 0.768 fib.
There has been a lot of fud recently, however, VeChain have an extensive and impressive list of established partnerships and they actually have a functioning mainnet and working product so I don't believe this is just another shitcoin (twitter.com/DannyGriend/status/1055841979446128640).
There is obviously a need for effective quality and authenticity control in global supply chain management and VeChain has actually come a long way, just look at the fundamentals. I mean the Cyprus government has just partnered with the Vechain foundation, don't think a small country would have partnered with them if VeChain were actually scammy. VeChain is considerably undervalued and the fundamentals add weight to this bullish falling wedge.
Buy at breakout
TP 1: 0.00000205
TP 2: 0.00000230
There has been a lot of fud recently, however, VeChain have an extensive and impressive list of established partnerships and they actually have a functioning mainnet and working product so I don't believe this is just another shitcoin (twitter.com/DannyGriend/status/1055841979446128640).
There is obviously a need for effective quality and authenticity control in global supply chain management and VeChain has actually come a long way, just look at the fundamentals. I mean the Cyprus government has just partnered with the Vechain foundation, don't think a small country would have partnered with them if VeChain were actually scammy. VeChain is considerably undervalued and the fundamentals add weight to this bullish falling wedge.
Buy at breakout
TP 1: 0.00000205
TP 2: 0.00000230
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.