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tommytoan11
May 15, 2021 6:50 AM

VET DAILY TRADE #21 -> Lets be patient 

VeChain / TetherUSBinance

Description

VET is in a downtrend on most timeframes, large and small. The time to short was .19

.18 seems lower odds of a place to bounce. You would want more retrace, .17 or .171 seems a logical place to bounce.

My take on BTC is its trading sideways bearishly, I'm seeing 48k to 46k soon. Thus the only 2 trade ideas I have is wait for .156 to .158, or play the breakout retest if it goes up.

As I touched on, there is a chance of a bounce at .171 area, around that 618 fib, but I dunno what strategy you can build around it.

Patience is the name of the game here. I would also stop accumulating. BTC is looking really weak. Wait to see how BTC bounces at lower levels before accumulating more. Likely you can get an even better price.


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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
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Top tier project
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Comments
cryptolystic
Hi, where. do you see VeChain go by EOY in your opinion?
tommytoan11
@cryptolystic I think .35 is reachable, I don't know beyond that. guys like cryptojtt thought $1 but we need to get through this current craziness first
cryptolystic
@tommytoan11, Thanks Tommy for the reply! I appreciate it!
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