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WATCH-OUT for the BULL TRAP!!!
VeChain now rebranded to VeChain Thor. Know as VEN now is changing to VET
It is one of the most promising project in crypto presently. Which is why it grew from 2,200 Satoshi per coin to 81,670 in as little as 53 days. If you do the math, that is more than 36 times gain (+3600%) in less than 2 months.
It ended the run on Jan 21st. Because of the tremendous hype behind this project, during it consolidation, it never retested the orange downtrend line. This result in a gigantic bull trap which is still on. You can see it retested the initial red downtrend line and passed that, so we are never going back down there but we are most likely to run into the orange again before we see any serious bull action for VET. This will also coincide with the WYCHOFFIAN METHOD.
Destination GREEN TARGET, worst case scenario is RED TARGET. Have fun.
It is one of the most promising project in crypto presently. Which is why it grew from 2,200 Satoshi per coin to 81,670 in as little as 53 days. If you do the math, that is more than 36 times gain (+3600%) in less than 2 months.
It ended the run on Jan 21st. Because of the tremendous hype behind this project, during it consolidation, it never retested the orange downtrend line. This result in a gigantic bull trap which is still on. You can see it retested the initial red downtrend line and passed that, so we are never going back down there but we are most likely to run into the orange again before we see any serious bull action for VET. This will also coincide with the WYCHOFFIAN METHOD.
Destination GREEN TARGET, worst case scenario is RED TARGET. Have fun.
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