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TraderMikabot
Jul 8, 2020 4:34 PM

Vechain price may drop sharply. Short

VeChain / TetherUSBinance

Description

Vechain is a quality blockchain project.
It is a project that is in cooperation with many companies and is suitable for the needs of the age.
The news that the Vechain team will participate in the World Artificial Intelligence launch in China; vechain over-priced its price.
Of course, it is important to make a vechain presentation against world giants leaders, but is it important enough to leave 2x profit? This subject may vary from person to person.

Here is the long-term technique of vechain price.
Red zones are horizontal and sloping trend areas.
The price of vechain, which could not exceed the red area, includes the potential for falling.
Comments
adznight
Interesting perspective, looks to be potentially forming another bull flag at the moment. Lets hope!
adznight
@adzmax, Annnnnnd gone
ArneVda
What is your reasoning for VET not being able to 'exceed the red area'? Also, what are 'world giants leaders' according to you? Please elaborate since your use of the English language seems to be a bit sub-par. Thank you in advance.
TraderMikabot
@ArneVda, giant leaders= amazon, microsoft, huwaei etc. , i mean, if it does not break the trend area, then it might fall. loves
ArneVda
@TraderMikabot, Thanks for the explanation and the TA.
AvelinoAlves
@TraderMikabot, if it will break, the moon is the limit :D
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