If you zoom out and look at VeChain's price action, its literally up only, just buy and forget.. However, from a trading POV price has recently been accumulating after withstanding the big drawdowns from BTC.
From a fundamental aspect, VeChains use deals with Supply Chain Mgmt. and given the recent Suiz Canal problem and its after effects, its evident that SCM could use some new tech.
As I've said before, new entrants to the market will see VETs trajectory and its very cheap price and flock to it in search of the new 'Bitcoin'. For that psychological reason alone, I think VET is an easy choice in terms of penny low cap (not even sure its still lowcap) coins.
Previous Analysis linked
From a fundamental aspect, VeChains use deals with Supply Chain Mgmt. and given the recent Suiz Canal problem and its after effects, its evident that SCM could use some new tech.
As I've said before, new entrants to the market will see VETs trajectory and its very cheap price and flock to it in search of the new 'Bitcoin'. For that psychological reason alone, I think VET is an easy choice in terms of penny low cap (not even sure its still lowcap) coins.
Previous Analysis linked
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Update// Big drop off, Im lev long so Ill need to exit to protect more downside. Green line is my exit area. Ill leave 50% in after price reaches that area just incase we have a good rebound.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
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