x45lu

Is Vechain a scam? I don't think so!!

BINANCE:VETUSDT   VeChain / TetherUS
Hello Traders,

I recently hear a lot of FUD regarding on Vechain, and let's see what chart is telling us.

Looking at 4 hour chart, we see that there is potential head and shoulders pattern. However, it seems like Vechain is rejecting this pattern in past 12 hours. If we start to see strong bounce here, Vechain will solidify $0.01085 as a major support. There is a strong resistance around $0.01225 so I would cash out my profit when it hits that resistance zone .

Every blockchain project has flows and I found it interesting that Vechain was criticised heavily in past few weeks.
To me, I feel like someone is purposely driving the price down so they can accumulate more VET because there may be a potential big partnership coming up.

Happy trading!

Comments

vet is a big project hodl
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x45lu imaddnitti
@imaddnitti, agreed. I feel like VET in past few weeks were heavily manipulated. I haven't seen candle stick structure like this for awhile.
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@x45lu, question of time because vet is new blochain; the coin need new investors to pump it
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