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entertheroach
Apr 8, 2021 6:41 PM

VeChain SHOULD be in your Longterm Portfolio Long

VeChain / US DollarBinance

Description

VeChain Update:

If we look at this VeChain (VET) Daily Chart, we chan see just how strong VeChain is. VET still has its Ichimoku Cloud (Kumo) Conversion Line (Tenkan Sen), Base Line (Kijun Sen), Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) levels below it as potential support.

VET still has 7 Pitchfork Support Levels and its Pitchfork Hagopian Line level below it as potential support. It is safe to assume that there is no fear of VET ever crossing & closing a daily candle below this Pitchfork Hagopian Line anytime in the near future.

During the dip yesterday, VET found strong support from its Ichimoku Cloud Conversion Line (Tenkan Sen) which was also the level where the 9EMA was at yesterday.

At the moment, VET is testing the resistance of its 0.618 Trend-Based Fib Extension Level.

The Ichimoku Cloud (Kumo) Lagging Span (Chikou Span) is indicating strong very upwards momentum.

VeChain is looking really fantastic, at the moment VET is the Crypto that just keeps on giving. VeChain has also just announced a new partnership with Salesforce…… which is huge. VeChain has a client base that would make any corporate jealous with envy. VeChain is at a real world usage level that other cryptos like XRP, XLM, BTC, ETH and even ADA are trying & striving to get too.

VeChain is already mainstream with real world usage, but it seems to have gone completely under the radar of most. You all know how i fee about VeChain from my previous post, so all i can say is, if you haven’t already, grab a bag while it’s still at $0.1. 🔥🚀🌍🌔🪐🛸👽

Comments
viknik159
I appreciate your schedule. Thanks.
Good luck, all of us
Nickel23
You get a follow, in a couple of years I can see vechain at $15. This is a blockchain that has endless potential, will be buying dips but I currently love being up 4x my money
raymond88354
All I can say is I recognised this as similar to Link and which is why I have 1.1mn Vechain and very happy about that.
Ryan720
We need a correction down to about .06 before we can climb higher, seems way overbought
entertheroach
@Ryan720, No its not fully overbought just yet as its only just popped up into the overbought area of the RSI so it still has room to move up. It doesn't need to drop that low to correct, $0.0927 would suffice as that is the mid point of the Bollinger Bands on the daily chart. 👍
DamianDelyan
@entertheroach, Where would you see the TP spot before the correction?
entertheroach
@DamianDelyan, Look at the Fib Extension Levels above. If VET stays above $0.139, then the next big pitchfork resistance is at $0.154 & then a Fib at $0.1794. Only you can decide if your gonna hold for the longterm, short-term or cash out 👍
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