In the Premium environment From Crypto Insiders, current technical analysis is shared daily by experienced analysts. Recently, VeChain Analysis (VET) was shared for the first time. In this section we take a look at this technical analysis and chart the latest developments and expectations for the upcoming period. If you still have questions after reading this article, you can easily ask them in our Discord community, where our technical analysis is usually shared with our members 48 hours in advance.
What is VeChain (VET)?
VeChain is a very comprehensive software smart contract A platform and created with the aim of verifying the authenticity of (luxury) products. Sometimes it may happen that some products are copied so well and almost indistinguishable from the original.
Today, VeChain technology has been used in many different sectors including luxury goods, agriculture, pharmaceuticals, food, logistics and finally government. What makes VeChain unique and useful is that they have found a transparent way through smart contracts to exchange data between different parties without the need for trust.
Latest VeChain News (VET)
One of the most interesting VeChain publications in recent times is the collaboration with a big name. VeChain recently became the official Layer 1 blockchain Partner in the Ultimate Fighting Championship, or UFC. Through this cooperation, the name VeChain on the mat Where the fighting takes place. This will provide a lot of brand awareness.
We are so excited to share that #fechin It became the official first class #blockchain partner or Tweet embed In a historic global marketing partnership!
With 900 million+ households in 175 countries, VET dollars You will receive unprecedented brand/asset integration.https://t.co/WvVC7CeMTm
– VeChain Foundation (@vechainofficial) June 9, 2022
What is the forecast for VeChain (VET)?
Whether the above developments have an additional effect on the price depends on a large number of factors that vary daily. After all, the cryptocurrency market is largely subject to economic events and traditional stock markets. That is why it is sometimes difficult to decide when to invest in a particular project.
For example, technical analysis can help determine the time frame within which it takes place Cryptocurrency (may) be fun to buy or sell. Based on, for example, investment history and identification of patterns in price movements.
VET Price Technical Analysis
VET is a coin owned by members of discord society I ask a lot. Particularly because of this demand, Crypto Insiders wrote a comprehensive technical analysis of the vet. This showed that VET is currently within the scope of Elliott wave Cartridge 12345. We are now in the fifth wave. So a significant drop is expected here. In the Discord environment, a complete analysis is ready for you with price levels and explanation.
Would you like to read these types of analyzes sooner? Then take a look at Premium environment. Here you can also directly contact several analysts and cryptocurrency enthusiasts who are ready to help you!
- Image 1: The above vet analysis was shared in our Discord environment for members on July 25, 2022.
Buy or sell the vet?
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this site is based on the insights and experiences of our analysts and is for educational purposes only.