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Vetchain

VeChain VET price are holding up well, what are growth prospect?VeChain (VET) is a blockchain platform for logistics management. The idea behind VeChain is to increase the efficiency, traceability, and transparency of supply chains while reducing costs and putting more control in the hands of individual users. Maximally logistics optimization is very important in the current difficult times. Launched in June 2016, VeChain is now one of the oldest specialized blockchain-based logistics platforms. VET is a token used for transactions and other activities, while VTHO provides commission payment, similar to how Gas works for Ethereum (ETH) transactions. If we look at the chart with weekly candlesticks, we can see that for the last six months the price of VETUSDT has been trading above a strongly mirrored level. The liquidity zone of $0.02-0.022 in 2018, 2020-2021 and now skillfully played the role of resistance and support alternately for a long period of time. In case of a positive phase in the cryptocurrency market, $0.039 per VET should be an easy target in the coming weeks. The medium-term target is $0.06 according to the blue scenario. If the negative background and "wars" behind the scenes of the crypto market will continue (in particular, we described them in yesterday's FTTUSDT idea) Then the development of the white scenario can also be considered positive) The main thing is that buyers of VETUSD keep the price above the liquidity zone of $0.02-0.022 and then everything will be fine for VET in the medium and long term. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
17
Vechain Price Analysis: VET/USD bearish for the next 24 hoursThe VeChain price analysis shows that the market is bearish today. The strongest resistance is present at $0.0875 while the support lies at $0.0598. The market may see some recovery in the near future as the MACD shows signs of a bullish crossover. The VeChain price is currently trading at $0.0598 and is down by 3.59% in the last 24 hours. The market cap of the coin has also seen a decrease and is now at $3.72 billion. The 24-hour trading volume of the coin is recorded to be at $507 million.
BINANCE:VETUSD
by henryartem
Long VETUSD | Update on Vetchain on the raod to $0.35First and foremost this is my own hypothesis and in no way suggests a buy or sell advice. We ended our Phase 2 correction at $0.07 after a Zig-zag in ABC decomposition (Purple). We then started our phase 3 with the two sub-waves 1 formed in recent days. We are now entering phase 3 of the sub-waves which will form the bullish impulse of our bullrun. A first objective towards 0.187 offering us a beautiful opportunity of 122% attention in counterpart not to go down below 0.066. Let's give IOTEX time to validate this analysis. If you agree with this scenario let me know with a like. Otherwise let me know your point of view with a comment!
BINANCE:VETUSDLong
by MelvinGst
Long VETUSD - Elliott impulsive waves phase 3 BULL-RUNIt's not too late to jump on the bandwagon, as phase 3 of Elliott's impulsive wave offers us a nice price target. We saw the bottom of the wave 2 correction that went for the 0.786 Fibonacci retracement towards the $0.056 price. This indicator is powerful to launch the phase 3 of our impulsive.. We can see that we have strongly started the bull-run of phase 3 to go for the top of it. The minor target is $0.35. The major target is $0.41. Personal position at $0.07.
BINANCE:VETUSDLong
by MelvinGst
2
VetChain - I'm still bullish, but I'm waiting a retracement.I like VetChain (VET). I closed part of the position, waiting for a retracement on the support in the 0.1550 zone. I don't see the enthusiasm that was there last week on all social networks. It seems that the waters are cooling down and therefore I prefer to lighten myself and wait for the developments on this and other tokens. Disclaimer NO FINANCIAL ADVICE – The information on this website is for educational, informative, and entertainment purposes only. No express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for a particular purpose, is given with the Information. This article is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other form of advice. This post's information is general in nature and isn't meant for you or anybody else. You should not rely on any of the material found on this post to make a financial, investment, trading, or other decision without first doing your own due diligence and consulting with a professional broker or financial advisor. You understand that by reading any and all information on or through this post, you are doing so at your own risk. The trading of cryptocurrencies, Tokens and NFTs has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
BITFINEX:VETUSDLong
by LukkVal
1
VET/USDT 📊 Long investment deal 📊 VeChain’s blockchain is built on a modified version of the Ethereum codebase and it optimizes its blockchain (called Thor) for enterprise use cases. Thor is the core of the blockchain, which functions as a basic layer for message exchange, key management, and data storage. Business applications can be built on top of Thor for smart contract creation and data auditing. VeChain plans to develop Thor smart contract development with visualization tools and support for multiple languages. VeChain IDs are a key component of the blockchain. Physical good tracked with VeChain are assigned digital identities created with a SHA256 hash and tracked with NFC, RFID, and QR codes. It uses a Proof of Authority (PoA) consensus mechanism that relies on masternodes to validate transactions. Authoritative masternodes are selected by the VeChain Foundation and the VeChain community after Know Your Customer (KYC) processes. VeChain’s blockchain circulates two tokens. The first, VET, is the network’s primary medium of exchange for governance and payments. The second, VeThor (VTHO), is a token for a lower transaction fee model that is credited to VeChain users daily based on the amount of VET they hold. VeThor is used to executing smart contracts and transactions on the VeChain blockchain. VeChain blockchain users are categorized as users and service providers. VeChain users include manufacturers, retailers, consumers, and other enterprise clients. Service providers build specific applications on the network like smart contracts and other blockchain-based software applications.
by fatimazahrabn