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VETUSD Bottom in Place?
I’ve been talking about VETUSD since June 26th. VET, the native token of the VeChainThor blockchain, is a cryptocurrency with tremendous potential as cryptos enter a new cyclical bull market. We saw some of that potential unfold between May and July when VET rallied 440%. However, since reaching a local high of $0.0229 on August 9th, VETUSD has pulled back. That’s perfectly normal and healthy. So far, VETUSD has pulled back to the 61.8% Fibonacci level of the March to August range. The pair has also recently started to carve a descending channel. Those familiar with the way I analyze a market will recognize this ... (full story)
