VET is dumping strongly after been rejected from the 0.24$ zone. Now it is heading to the 0.16$ zone or even 0.1$ zone in this May
However, if it could conquer the 0.24$ zone, it will move up to 0.35$ zone
📈RED PLAN -Buy: 0.156-0.164$ if A. SL if B
-Buy: 0.097-0.103$ if A. SL if B
📉BLUE PLAN -Sell: 0.235-0.245$. SL if A
-Sell: 0.156-0.164$ if B. SL if A
🟣PURPLE PLAN -Buy: 0.235-0.245$ if A. SL if B
-Sell: 0.34-0.36$. SL if A
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
VeChain Thor (VET) is blockchain with the posited goal of "solving real world economic problems".
VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities.
The core protocol of the Vechain Thor blockchain has four meta transaction features: Controllable Transaction Lifecycle, Multi-Party Payment (MPP), Multi-Task Transaction (MTT), and Transaction Dependency.
VeChain has two kinds of tokens, VeChain Token (VET) and VeThor Token (VTHO). While VET has a fixed supply of ~86.7bn token, VTHO is issued as a block reward for VET staking AMs. VTHO is required for smart contract and transaction executions. Consensus is achieved on a threefold-level: (1) technical level, (2) business level, and (3) governance level.
The issuance of VTHO is adjusted via the on-chain governancemodel to stabilize the fiat-denominated transaction costs. This clear governance model differentiates between three kinds of voters with various operational permissions.