Vechain is a strong coin fundamentally and has it's main net launch near the end of this month. Accumulating this coin to the lead up of it's launch wouldn't be a bad idea.
Technically we see VEN trying to re-test a strong resistance structure at 44973 after having a big sell off to 43222. As BTC is very bearish at the moment there's the possibility of being rejected and falling back to the support structure of 43222.
I would see this as a great buy zone as it also lines up with fibonacci at the 0.618 level.
Be careful in this market and trade wisely.
Technically we see VEN trying to re-test a strong resistance structure at 44973 after having a big sell off to 43222. As BTC is very bearish at the moment there's the possibility of being rejected and falling back to the support structure of 43222.
I would see this as a great buy zone as it also lines up with fibonacci at the 0.618 level.
Be careful in this market and trade wisely.
Comment:
VEN hit the buy zone and bounced to do 15% in gains! Perfect trade if you followed my TA. A few followers actually got in on this and made solid profit. :)