Vechain in a consolidation mode
It's been volatily week for the crypto market. But in this post I will focus on Vechain. As you can see VeChain have tried to continou with the uptrend twice and both time failed to break 0.022 ++ level.
Correlation between BTC and VET has increased signficantly in the last week. The correlation is reaching 1, that's mean the short term development in price will be the same as bitcoin, at least a good indication.
0,0138 and 0.011 are areas to look for, break under 0.011 can be very bearish, and break above 0,0138 will give room for further increment.
many closing sessions under or above these price levels should be monitored closely.
Regarding Vechains fundamentalt, the company is partnering with many big brands every week, but still the use have not reached any noticable level.
Remember; many companies or coin/crpto can perform or solve many of the same problems we are facing in this modern world, and today it can look like Vechain is the best bet, but that's never for sure.
Vechain have very much competitions! same as everyone. So choose your crypto carefully!
September can be a good month to accumulate some of your favorite crypto/token/coin or stocks.
Good luck!
Correlation between BTC and VET has increased signficantly in the last week. The correlation is reaching 1, that's mean the short term development in price will be the same as bitcoin, at least a good indication.
0,0138 and 0.011 are areas to look for, break under 0.011 can be very bearish, and break above 0,0138 will give room for further increment.
many closing sessions under or above these price levels should be monitored closely.
Regarding Vechains fundamentalt, the company is partnering with many big brands every week, but still the use have not reached any noticable level.
Remember; many companies or coin/crpto can perform or solve many of the same problems we are facing in this modern world, and today it can look like Vechain is the best bet, but that's never for sure.
Vechain have very much competitions! same as everyone. So choose your crypto carefully!
September can be a good month to accumulate some of your favorite crypto/token/coin or stocks.
Good luck!
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