VETBTC Price Analysis – June 24
After having been unable to move above the level at 0.00000071 in the prior session, VET ran into sellers again around the same price level today, missing to move higher than the level at 0.00000072. The last time this happened on Wednesday, VETBTC lost -6.41% on the following trading day.
Supply Level: 0.00000036, 0.00000040, 0.00000057
Demand Level: 0.00000104, 0.00000092, 0.00000080
VETBTC Long term trend: Bearish
The previous trading range has been BTC 0.00000010 (15.15%), that’s far above the last trading daily average range of BTC 0.00000007. The daily volatility is also higher, being way above the market’s average trading range. The longer-term, monthly volatility is currently just the same as usual for VETBTC.
Thus looking at the daily RSI trend, it only depicts a technical forecast from the indicator showing that it is at an oversold level.
VETBTC Short term trend: Bearish
The pair for the day may start a new bull trend in a short term move and challenging the demand levels at 0.00000071 and making approximately a 10% increase trading above the two major demand levels.
Crossing above the moving average, price have lost at least some of their downward momentum in the short-term and could now be heading back up towards the RSI on the level at 0.00000068. The trend is clear, and showing an intact downtrend in the short, medium and long-term.
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