While ADA does its thing and continues to make me nice profit, let’s have another look at the most undervalued Crypto ever. A Crypto with a client base that would make any FTSE100 corporate salivate with jealousy. At the moment of typing this, if we look at the daily chart, VeChain has found support from its Conversion Line (Tenkan Sen). If we cannot close this new daily candle above it then we may wick down to our 50EMA or possibly its Base Line (Kijun Sen) which has acted as strong support 3 times over the last 10 days, so if we do wick down, it looks possible we won’t go below the 50EMA, But that is if we cannot close above the Conversion Line (Tenkan Sen) or the Bollinger Bands Middle Band Basis on the daily. The Lagging Span (Chikou Span) is inside the wick of the Price from 30 Periods ago which is indicating possible uncertainty or possible sideways trading. The RSI is at 55 indicating Sideways momentum. The ADX DI SMA is showing that the ADX (Yellow Line) is at 17.5 and has crossed back over its 10 Period SMA which is at 16.5. The +DI (Green Line) is at 16.4 and the -DI (Red Line) is at 7.7 indicating an uptrend but it is a weak uptrend because the ADX is at 17.5. A real show of strength will be if VET can close above its resistance at $0.035 and turn that into strong support. I'm not to sure on the dates but i believe that VeChain has an upcoming update called PoA 2.0 SURFACE Consensus Algorithm which will apparently enable VET to make millions of Transactions TX a day. Like i said, I’m not to sure on the release date, but i think its sometime this year so if anyone can confirm, please let us know. I still feel that VET is the most criminally undervalued crypto in the ever, and seems to have gone completely under the radar of most. VET is a blockchain that is actually being used by real companies in real world situations. Maybe once the PoA 2.0 SURFACE Consensus Algorithm goes live, we’ll start to see larger movements upwards. Even at $0.03, i still think VET is an absolute steal 💪. I hope this is helpful 🙏
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.