VETBTC Price Analysis – June 19
The pair has managed to reverse during the session earlier as sellers took control and the pair exiting the previous day above its opening price. VETBTC tested the waters below on level at 0.00000080 during the trading session but has managed to regain ground.
Demand Levels: 0.00000092, 0.00000086
Supply Levels: 0.00000080, 0.00000077
VETBTC Long term trend: Bearish
Tuesday’s trading range has been (6.33%) and that’s slightly below the last daily average range. Things look different on a shorter time frame, where the markets trading range of the last day has been slightly above the market average daily range.
Regardless of a poor entry for the pair, it has managed to exit above the previous days open and close forming a bullish pattern. The trend is bearish and showing an intact downtrend in the long term.
VETBTC Short term trend: Bullish
The crossing of the moving average upward, we see that prices have lost at least some of their downward momentum in the short term as shown on the 4-hour chat and could now be heading towards the middle area of the moving average on the level at 0.00000091.
Additionally, two candles formed are matching today’s price action which is known as bullish patterns, so we look forward to positive sentiment for a push on the pair.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results