VeChain - Criminally Undervalued

Feb 1, 2021

So let’s have a look at the most criminally undervalued crypto EVER. A Blockchain that is everything most if not all other cryptos aspire to be, and has a client base that would make any corporate gasp with Jealousy. I’m talking of course about XRP........ 🤣 only kidding 🤣. At the moment of typing this, VeChain has found support at its 50EMA on the daily chart, slightly below that is its Ichimoku Cloud Base Line (Kijun Sen) which is also potential support. The RSI is showing sideways momentum. The ADX DI SMA is showing that the +DI (Green Line) is at 11,7 & the -DI (Red Line) is at 10.9 so an uptrend but it can switch over. The ADX (Yellow Line) is at 16 so that is showing its a weak uptrend. The ADX line has also dropped below its 10 period SMA (White Line) which is at 16.6. If the Price stays above the 50EMA the we can easily cross back over the SMA after a bit of consolidation. The Lagging Span (Chikou Span) is inside the Price from 30 Periods ago, so this shows uncertainty in the market or potential sideways trading. Our Bollinger Bands Upper and Lower Bands are both pointing inwards indicating VET may consolidate with a potential rise up to the Middle Band. This all depends on if VET can stay above the 50EMA and the Base Line (Kijun Sen) on the Daily Chart. If VET does drop further than it may WICK down to its 100EMA but i don’t think it will stay there. I believe VeChain has a very bright future, it is the only 5 Star rated Blockchain in the world and is actually being used by multiple companies in real life situations from Walmart China to Covid tracking, so speculation isn’t even an issue. What i find crazy, is that people are willing to put $1,000 on Bitcoin at $42,000 or $1,000 on XRP at $3.5 on speculation, but will pause & are less willing to put $1,000 on VET at $0.025. The way i see it, anything you accumulate under $0.1 for Vechain is an absolute steal. Let me tell you this, I swapped all my XRP for VET when VET was $0.009 and I’ve never looked back. It might be best to wait to see if this Daily Candle closes above the 50EMA before rushing in for a Long position as there might be better lower entries if VwChain WICKS below the 50EMA and Base Line (Kijun Sen). I hope this is helpful & good luck 👍