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VET-BTC

VET Needs a Doctor SoonThe fundamentals of VET haven't really changed, as far as I know. Time will tell if this is a worthwhile investment, but I'm personally betting on it, since their community remains as strong as ever. However, one can't deny that extreme selling pressure has been there for quite a while. VETBTC has essentially respected the downtrend for months now (in teal), although we're riding on top of it at this point. In my previous chart, I expected VETBTC to bottom sooner and flatline, but I also said that we shouldn't expect much upside any time soon. I was wrong about bottoming sooner, but right about the latter. It has been clear for many months that the price has been suppressed. Just look at the order books. Patience will be key. A while ago, I speculated on an eventual bottom of around $0.002 for VET. Let's see if that plays out. This would mean another 50% decline from here in USD value. HOWEVER, this chart is about a potential long setup. VETBTC looks very weak at the moment, so I won't be surprised if this doesn't play out. If it does, though, we may be seeing a large Adam & Eve bottom forming over the coming months. This was something I speculated about in my previous chart, but I thought it would happen at a higher price. Oh well. If 100 breaks, investor confidence in VET will likely decrease, and the next target will probably be anywhere between 36 and 90 (based on the now extinct VENBTC chart). This will mean a complete retract of the bubble, which would be a bad sign. Here is the long setup anyway, just for fun. BUY: 100-110 satoshis STOP LOSS: below 100, depending on your risk tolerance. SELL: 129/130 resistance 150 resistance FURTHER TARGETS (if a big Adam & Eve bottom plays out) 170 180 200 BEARISH SUPPORT (historical VEN chart before token swap) $0.25/$0.0025 90 satoshis 36 satoshis This is not a recommendation to buy or sell, and I am not a professional financial advisor. This is for educational purposes only, and what you do with your own money is completely up to you. -Victor Cobra Link to the previous VETBTC analysis is at the bottom.
Long
by VictorCobra
VETBTC - Imminent pump is likelyWe are seeing some altcoins pump lately, and they are forming a pattern. After the big retracement from -30% in altcoins, NANOBTC began taking the lead of an other coins "rally" (I dont call it alt because ETHBTC and big guys are losing dominance to BTCUSD) ICXBTC, WANBTC and NANOBTC are momentum players which did this pattern of reaching 1.618 fibo level as a continuation of an upside movement. VETBTC and ONTBTC are in a very similar position at the moment, but since VETBTC has a better chance of higher ROI, I am making this trade. Stoploss is tight which makes really good for risk/reward trade It is very important for bitcoin to remain sideways or rise
Long
by DoctorKayle