VeChain, like any other altcoin, followed the crash of the cryptocurrency market in general. The cryptographic space attracted many inexperienced investors who were eventually chased away by the brutal bear market. An investor even filmed a video explaining how he lost a whopping $ 1 million in VET after investing in the currency at the peak of the bull market. He blamed VeChain’s founder, Sunny Lu, for his huge loss, claiming that Lu did not provide enough details about important associations.
At the time of writing, the cryptocurrency quotes at the price of $ 0.0061 with a growth of + 1.20% in the last 24 hours. Its market capitalization is just over $ 339 million dollars and that allows it to be among the top 30 in the market, occupying the 25th position in the general ranking.
VET, so far this year has experienced a 41% increase in its price. Even in our previous post, we raised a resistance level for the beginning of May 2019 at the estimated price of $ 0.0079; and we will analyze it, if it really will be fulfilled almost a month after our projection presented in the previous post.
For the same graph from VET to 1D in Binance, the change has not been so drastic for altcoin. VET struggles not to enter a bearish scenario that takes it to the projected resistance zone at the intersection of the isometric triangle for long-term levels of $ 0.00485.
Although it fell below the lower band of Bollinger (yellow ellipse) a couple of days, we can see that a pair of very strong green sails have allowed to encourage investors that the VET volatility scenario is about to end and that his upward trajectory projected by Elliot Waves in the third wave will be bullish, as we can see in the chart for the next two months.
For the rest of Q2 2019, VET has two immediate challenges ahead: levels of R1 @ $ 0.0076 which we expect to be late by the end of May 2019; and a level of R2 predicted at the threshold of $ 0.01 to enter strongly on the first day of Q3 2019.
If VET manages to maintain this level, it is even possible that our initial projection of the previous post is fully met. Otherwise we will see a small delay of time to meet them, but with the conviction that VET will grow even more in its price, much more than the 41% growth recorded so far this year.
DogeCoin (DOGE) Prediction For May/June 2019
It is the 26th cryptocurrency with $ 38 million less than its closest previous competitor, VET. At the time of writing, it has a quotation of $ 0.002525 with a growth of + 1.90% in the last 24 hours that has led it to pass the barrier of $ 300 million of stock market capitalization.
DOGE currently presents a significant turning point, which has led to immediate support levels as we can see in the graph. It is also expected that its correction will be even deeper, given the bearish cross that predicts the crossing of the indicators EMA 30 vs EMA 100 for next week.
Undoubtedly, it will be a good entry point for investors to play in a market that will soon recover, as the Aroon Downtrend indicator is advancing, heading to the bottom of the chart with more strength than its bullish pair.
The above we can visualize them better with Bollinger. The Bands have begun to contract, synonymous with the current growth of almost two percentage points, the entry point indicated by EMA, and the breaking of candles in the lower band of Bollinger confirm this.
As if that were not enough, the RSI indicator did not reach oversold levels, therefore its change of direction at its end is a symptom that the Elliot Waves projection for the rest of the months of Q2 2019 is quite feasible to be fulfilled.
If the projections are correct, we could see DOGE pushing its price of levels of S1 ($ 0.0022) to levels close to R1 of $ 0.0040, almost a 50% profit.
BASIC ATTENTION TOKEN (BAT) Prediction For May/June 2019
This token occupies the 22nd place in the current cryptocurrency ranking, with a spot price of $ 0.4078 and a price correction of +9.51% in the last 24 hours, at the time of writing. Its market capitalization is over half a billion dollars.
BAT has been consistently bullish this year 2019, with growth of an astronomical figure of + 287.23% from the first day of the year, until it reached its peak on April 21. We have even witnessed three big rallies for BAT in less than two months, as we can see in the RSI indicator.
For the rest of Q2 2019, the scenario could not be other than that shown by BAT. We are in full development of its third Elliot wave and it is foreseen that May 2019 will be an oscillating movement between current price bands and 30% more profit at its peak only for May 2019.
As if that was not enough, for the month of June, we expect BAT to continue supporting its growth in adoption and use cases with the Brave search engine and this will trigger a second upward rally that could perfectly boost the price of BAT to levels close to a dollar as unit price, an R1 of $ 0.78 is just around the corner and it is very feasible for this token.
Logically, this scenario is after a correction period like the one lived so far, but it is expected that it will not be higher than 5% in the worst scenario, as anticipated by the EMA crossing by the end of May.
In conclusion, these cryptocurrencies in the lower part of the top 30 promise investors excellent profits in the medium term. An entry opportunity that we currently have and it is difficult to miss.