VECHAIN | CURRENT STATUS | LIVE UPDATED*We will update this chart daily.*
VeChain is currently (at the moment of speaking) trading at 0.188714 dollars.
We just got a correction that was needed to keep the upwards movement. The correction was caused by Bitcoins correction caused by Elon Musk tweeting about not accepting Bitcoin as Tesla's payment because of the huge energy consumption when mining Bitcoin.
But Elon also said that it will do research to let Tesla being paid with other altcoins that have less than 1% of the energy consumption of Bitcoin. This is very good for the market in general. I think Bitcoin can be heading to 100k from now on.
This was one of the corrections I was waiting for.
Tesla will probably choose one of those as new payment:
ADA (Cardano)
XRP
Doge
LTC
EOS
I think doge has the biggest chance of being used because Elon also added a poll on Twitter that was asking if Doge should be used as payment with a 76% answering yes. But silently I hope it will choose ADA :)
Enough about other coins than VET :)
We just broke the resistance of 0.185 dollars. I hope it can close today above this resistance (then it will become support). The next (small) resistance will be 0.2032 but we saw in the past that it easily breaks this resistance/support so I am more looking at the big resistance of 0.2211.
On MA exp Ribbon chart we can see that volume went down and is ready to move up again and on the MACD chart we see that the 2 lines are crossed and is a bullish or upwards signal. If we break our support now we will go down back to 0.1631.
Don't have fear and sell vet, we just had a huge opportunity to buy VET at cheap prices and are ready to start the upwards movement. If we reach 0.2211 in the short term it will be a + 17% so don't panic.
Good luck!
