I think VET will go under 80 satoshi because of several reasons.
1- First of all according to my trade experience sharp bitcoin movements according to USD badly affects the coins. On 10th of June Bitcoin made a huge negative movement and psychologically people tend to move escape to altcoins.
2- There is an important trade idiom: "Buy the rumours sell the news.". According to news VET MAY BE listed on one of the important stock markets. And it is not a rumour anymore. People have heard it and made a reflex which pumped the VET around 108 satoshi level. So it is time to sell the news until the listing will be done. As far as i know listing procedure has a lot of steps. VET is only in the first step. So it is not a big deal.
3- According to daily and weekly stochastic indicator it is overbought. So we should wait a decrease.
4- According to support and resistance lines, as you can see from the graph there is a big resistance on 110 satoshi level. Vet try to pass 108 it but it even could not.
5- Vet price increased many days. No coin cannot raise until the eternity. So in some point it should loss its volatility. I think it will start soon.
6-Fibionacci retracement graph shows that it will go back around 80 satoshi levels.
These are my opinions about VET. And I think it is time to sell. Thank you for reading. I am waiting your comments and likes.
1- First of all according to my trade experience sharp bitcoin movements according to USD badly affects the coins. On 10th of June Bitcoin made a huge negative movement and psychologically people tend to move escape to altcoins.
2- There is an important trade idiom: "Buy the rumours sell the news.". According to news VET MAY BE listed on one of the important stock markets. And it is not a rumour anymore. People have heard it and made a reflex which pumped the VET around 108 satoshi level. So it is time to sell the news until the listing will be done. As far as i know listing procedure has a lot of steps. VET is only in the first step. So it is not a big deal.
3- According to daily and weekly stochastic indicator it is overbought. So we should wait a decrease.
4- According to support and resistance lines, as you can see from the graph there is a big resistance on 110 satoshi level. Vet try to pass 108 it but it even could not.
5- Vet price increased many days. No coin cannot raise until the eternity. So in some point it should loss its volatility. I think it will start soon.
6-Fibionacci retracement graph shows that it will go back around 80 satoshi levels.
These are my opinions about VET. And I think it is time to sell. Thank you for reading. I am waiting your comments and likes.