A much needed return to November 2018 levels like almost every other token has done at this point will soon play out. Vechain is one of few projects actually delivering on promises and products- having just recruited Deloitte to their ranks from Ethereum, the enterprise-grade blockchain company has a bright future imo.
Just an idea- DYOR.
VETUSDT is showing bullish potential. We have an uprising triangle on the daily timeframe and even a smaller inside it. The next uptrend would hit the 2/3 of the 2 triangles with a good profit if the breakout is confirmed. We had some increasing volume each time the 7990 resistance was tested, next time could be the breakout.
With a buy-in right now we could...
VET VET VeChain Long Term Trade
BTC Pair: found a local bottom on Fib extension & Building nice RSI trend
USDT Pair: Building nice uptrend, should test S/R flip and climb up if market kept acting well
potential 50-70-110% Profits
it's mid to Long Term
The chart for VeChain vs Tether (VETUSDT), looks like the Bitcoin (BTCUSD) chart a few weeks back.
Right now we are looking at a bullish ascending triangle with many other bullish signals in place. Let's take a look...
We can see VETBTC trading above EMA200 (orange line / 0.007404), a strong resistance which rejected VETBTC before but now has been conquered.