Future Altcoin Leader VeChain (VET) Sees Bullish Signals -Breaking
Bullish Signals for VeChain (VET), Future Altcoin Leader- HODLers are waiting for a huge crypto market recovery.
- FXStreet discusses how VeChain is positioning itself as a leader in the altcoin marketplace.
- VET Price will be the subject of a triplet of bullish breakouts.
The crypto market appears to be in chaos at the moment. As with all markets, there are ups and downs. However, the best ups usually come shortly after the most dramatic downs. The market is currently struggling according to CoinGecko, CoinMarketCap.
But, long-term crypto investors, experienced crypto analysts, and long-term holders are still looking for long-awaited bulls. Many expect (BTC’s) price to exceed $100,000 by Christmas.
Many also expect that altcoins will soon follow their lead. Many expect (ETH’s) price to rise quickly, and even surpass $10,000. Likewise, here is FXStreet’s prediction for the price of VeChain (VET) to skyrocket.
The article details how VET prices are developing bullish breakouts. The article actually focuses on certain circumstances that indicate a strong drive higher. Particularly, it explains how VeChain can eventually be a market leader for altcoins.
The current VET price is a major bear trap. It will lead to a rise of more than 80%. The end of short-selling, both existing and future, is near. This article will focus on three key reasons VET will succeed in this endeavor.
This article discusses VeChain’s unique ability to take advantage of bullish signals. The Point and Figure charts show this. All three signals trigger immediately upon VeChain entering the hypothetical long set up.
This signal starts with an entry of $0.128. The ascending triple-top breakout will confirm the Bear Trap Point pattern and figure, then finally, break the dominant bearish angle that will turn VET into an upward market.
The price of VeChain could change dramatically in the following days. Positively, it could reach $0.21. However, there is a downside risk that could lower the price to $0.07.
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