VeChain

<ul><li>Renowned crypto analysts provide insights into VeChain&#39;s price movements, highlighting potential future developments.</li><li>Smart money indicators suggest the possibility of a deeper price decline before any signs of an upward trend emerge.</li><li>Despite minor adjustments, the broader context reveals a continued bearish sentiment, emphasizing the need for a bottoming out in the market.</li></ul>In the latest update on VeChain (VET), renowned crypto analysts Cheeky Crypto delved into the world of VeChain, scrutinizing its recent price movements and <a href="https://cryptotale.org/nownodes-facilitates-development-environment-for-vechain-enterprises-in-web3/" rel="noopener noreferrer nofollow">forecasting</a> potential future developments. VeChain (VET) has been a subject of keen interest for crypto enthusiasts, with its recent performance under the spotlight.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/a44b7278e87a42398d4216f2a4c380e3.png" />In a recent YouTube video, the analysis <a href="https://www.youtube.com/watch?v&#61;goxJXWDCCuE" rel="noopener noreferrer nofollow">revealed</a> a downward correction, which was further investigated using Elliott Wave Theory. Smart money indicators suggest that the price may dip further before signs of an upward trend emerge.According to the analyst, the target range for the downside remained between 1.562 and 1.56. Internal workings, particularly the <a href="https://cryptotale.org/analyst-sheds-light-on-vechains-complex-performance-landscape/" rel="noopener noreferrer nofollow">C-wave pattern</a>, met minimum expectations but could extend further. The analysis proposed a push toward the lower range before an anticipated rally. Smart money concepts leaned towards a bearish structure, though confirmation was pending. The 50 SMA and 50 EMA were surpassed, while resistance was encountered at the 200 EMA. This convergence of indicators signaled a potential pullback.Read full article at <a href="https://cryptotale.org/vechain-price-trends-signal-potential-downward-movement-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

VeChain Price Trends Signal Potential Downward Movement: Report

CryptoTale

Other articles published on Oct 14, 2023

California Governor Gavin Newsom signs bill regulating crypto

Nexo (NEXO) Price Prediction 2024, 2025, 2030, 2040, and 2050

WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, XRP, SOL, ADA And DOGE

Crypto Price Analysis Amidst the Hamas-Israel Conflict: Will Crypto Crash?

Coinbase Urges Third Circuit Court to Force SEC Action on Crypto Rules

Bitcoin Price Forecast For Next Week: Here’s Why BTC Will Continue To Struggle For An ‘Uptober’ T...

Join our free newsletter for daily crypto updates!