VETBTC Price Analysis – June 28
The pair closes within the prior day’s range and its price have failed to decisively move below the previous day’s trading range and earlier it found buyers again around the level at 0.00000066.
Supply Level: 0.00000035, 0.00000049, 0.00000062
Demand Level: 0.00000104, 0.00000086, 0.00000080
VETBTC Long term Trend: Bearish
In the medium and long term analysis, two candlestick patterns emerged and its matching today’s price action.
Unable to break through the key demand zone on the level at 0.00000077, VET may close below it after spiking up to the level at 0.00000075 earlier during the day. The trend is bearish and it is showing an intact downtrend in the long term.
VETBTC Short term Trend: Bearish
After having been unable to move lower than the level at 0.00000060 in the prior session, VETBTC found buyers again around the upside price level today on the level at 0.00000066.
The trading range has been around BTC0.00000014 (22.88%), and that’s above the last trading months daily average range of BTC 0.00000009, thus the failure to close above the demand zone on the level at 0.00000077 may increase the significance of the level going forward.
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