VeChain's nicely riding on rumours. Where's the stop?

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garry
Nov 7, 2019

VET hit it's local social volume high with almost 640 mentions:

VeChain (VET) is an ecosystem enhancing supply chain management. It allows participants to track the movement and provenance of products.


VET is not the only one on this market of course.

There's a number of active supply chain products visible in this watchlist compiled by @nemo. And it's quite active last month!

Supply chain projects total marketcap and volume increased significantly last month

So what happened around VeChain?


Technically it's price went up 30% in a week on an anomalously increasing social volume:

News-wise VeChain is only mentioned in context of Chinese recent blockchain adoption efforts:

Standalone additional latest line:

  • Binance US list's VET

Polarized quotations from chats:

And a few social telegram charts on VET:


Unique social volume may have some top preceding patterns visible:

Sentiment balance is negative and has not bottomed yet:

And finally a mathematical multiplication of two charts above gives this:

I put red vertical lines strictly at sentiment volume consumed bottoms.

And this makes me suggest:

VET has possibly not topped yet.

But it's very close.




VET
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garry
Nov 7, 2019

Assets from this insight

VeChain logo

VeChainVET

$ 0.01

33.75%in last 7d