Vechain Chart Analysis
Oversold RSI appearing now at the end of a descending wedge pattern. Lowered volume towards the end of the wedge too indicates potentially bears running out of steam... however buy order book is a little thin.
Looking for a reversal around the 150 mark, or a quick fall and bounce at Fib 140. If it doesn't bounce at 140 then 101 is very possible.
Socially there has been much FUD surrounding VeChain recently, to the impartial it looks aggressive and organised. Most of it unfounded in terms of technical and business practice outside of crypto. Cream involvement with everything is shady and not representative.
Technically their main net is live and slowly gathering use. Next few months will be key and if they can see adoption pull through then
Looking for a reversal around the 150 mark, or a quick fall and bounce at Fib 140. If it doesn't bounce at 140 then 101 is very possible.
Socially there has been much FUD surrounding VeChain recently, to the impartial it looks aggressive and organised. Most of it unfounded in terms of technical and business practice outside of crypto. Cream involvement with everything is shady and not representative.
Technically their main net is live and slowly gathering use. Next few months will be key and if they can see adoption pull through then
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