VET Rises As Promising Opportunity Since Entering Buying Range, Analyst Shares When Is a Good Tim...

Altcoin VET rises as promising opportunity since entering buying range.

Analyst shares when is a good time to buy altcoins.

VeChain (VET) could set a new ATH this altseason peak phase.

As the price of Bitcoin continues its struggle in the lower $80,000 price range, analysts look towards altcoins. With the BTC Dominance showing signs of an inevitable fall, analysts expect altcoin to dominate soon, perhaps finally ushering in altseason peak. Altcoin VET rises as a promising opportunity since entering buying range

VET Rises as Promising Opportunity Since Entering Buying Range

As we can see from the post above, one long-time crypto enthusiast highlights VeChain (VET) as one of the most bullish and potential altcoins this bull cycle. In his eyes, VET rises as promising opportunity since entering buying range. He advises to have a closer look at VET as it is currently in a great buying range

Analyst Explains When is a Good Time to Start Buying Altcoins

He says that the hype is building for VET and altcoins as a whole and a potential upward trend may be on the horizon. Adding to this bullish outlook and expectation, another reputed crypto enthusiast shares a take on when is the right time to start buying altcoins again. He says this decision depends on the price action of the specific altcoin. Then he highlights that there are 3 phases of price action - downtrend, accumulation, and uptrend

He says to avoid buying altcoins in a downtrend, accumulate once the altcoins’ price starts to settle, as it is a sign of seller exhaustion where if the price continuously respects a particular level (range low), one can bid this level and cut below (invalidation). Finally, the uptrend marks structure shifts from bearish (downtrend) to bullish (uptrend). Traders can either get back in a break of structure or bullish continuation pullbacks.