VEN has a lot going for it: Great looking chart, mainnet launch in Q2, and strong governmental partnerships. It's not going to 0 any time soon.
- The bears are strong these days - Price is moving in a descending channel - Support didn't hold - Listing on Bithumb on 2/4 pushed price back to last support where it was rejected the next day - Only news can change momentum - Without news price will travel towards the lowest line of the channel - 1st target to break: support - 2nd target to break: upper line...
Vechain has been dancing between three different levels of resistance (Red, Yellow and Green) while consolidating . Passing either threshold may cause movement in the direction of the corresponding arrow. Passing red is not favorable, yellow would be promising movement with a larger breakout occurring at green.
- VET is the ONLY one in the top 20 rising against the USD in 2018 (+ 60 %) - 41 % of the circulating supply is locked down in the X-series Node Program - At the moment price is flirting with resistance - If it breaks and closes above resistance the next challenge will be the downwards trendline - Bears are still driving but the road is uphill