VETBTC Price Analysis – June 27
The pair, VETBTC breaks below the key technical zone and falls to the lowest ever. Volatility for the trend towards the baseline has increased while bears dragged the market lower throughout the day.
Supply Level: 0.00000035, 0.00000049, 0.00000062
Demand Level: 0.00000104, 0.00000086, 0.00000080
VETBTC Long term Trend: Bearish
The price for the pair broke below the key technical supply zone on the level at 0.00000072 which is likely to act as resistance going forward.
Additionally, one bearish candlestick is in agreement with the market sentiment for the trend continuation to the downside.
The trend is bearish and it is showing an intact downtrend in the long term.
VETBTC Short term Trend: Bearish
Among the conditions identified on the 4-hour chart is that on the flip side, selling might accelerate should price move below the close by swing low on the level at 0.00000057 where further sell stops could get activated.
On Wednesday the trading range has to be BTC0.00000022 and that’s far above the last trading monthly daily average range. The bears have taken control of the trend as the VETBTC breaks below Tuesday’s low.
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