VETBTC Price Analysis – June 21
Thursday’s trading range has been (10.13%), and that’s above the last trading daily average range of BTC0.00000006. Things look different on the weekly time frame, where the market’s trading range of the last week has been slightly below the market’s average weekly trading range.
Demand Level: 0.00000080, 0.00000077
Supply Level: 0.00000070, 0.00000060
VETBTC Long term trend: Bearish
The longer-term, daily volatility is currently just the same as usual for VETBTC and for the first time since Monday, prices have shown unusually strong downward momentum in the short-term.
This might either indicate a potential selling climax after which prices could head back up towards the top and push the moving average 5 to cross the moving average 13 back to the upside where the beginning of a strong momentum breakout can occur leading to even lower prices.
VETBTC Short term trend: Bearish
Moving lower for the 2nd day in a row, VETBTC ended Thursday at 0.00000073 and with (-6.41%) negative to the downside. Today’s close may mark the lowest recorded closing price ever or it may bounce up.
The bears were in full control today with the momentum shown on the 4-hour chat, moving the market lower throughout the whole session. Closing below Wednesday’s low at 0.00000078, VET confirmed its breakout through the previous session low after trading up to BTC0.00000007 below its intraday.
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