VETBTC was able to break a key resistance level, and has descended lower, the price is now trying to consolidate, in other to establish a lower key level, trading further for the bears might take trader off-guard, so it is good to apply caution there.
Supply levels: $0.010, $0.011, $0.012
Demand levels: $0.092, $0.085, $0.084
VETBTC Trends: Bearish
The coin took a bold step to break through the price barrier of $0.084. And the price has descended lower, thus the market might consolidate a bit so as to form a new price barrier level. Price also retrace a little before joining the major bearish trend, and this call for caution.
From the daily chart X-ray, the Cross of the 14 and 50 Exponential Moving Average is widened, and the MACD Histogram bars and signal lines are crossed for a bearish projection.
VETUSD Market Analysis
The coin has been in a randy market movement, thus are trend is now choppy. This could be a move to a change in market direction; however, it is pertinent to wait for the market to break out a resistance level.
From the 4-hour chart, the price is hovering around the 14 and 50 Exponential Moving Averages; the MACD Indicator Histogram bars are showing signs of low market momentum.
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