VETBTC lower low record was signal last week when it concludes its major price resistance level. So it is not surprising to see it diving lower and lower until the price will decide to cap at a price level.
Supply levels: $0.010, $0.011, and $0.012
Demand levels: $0.092, $0.085, 0.084
VETBTC Trends: Bearish
The bearish quest of the coin has continued after, the price retraces up to the price support area of $0.010 and accelerated down to break out from the resistance level of $0.084; the price has maintained the south-side journey for a while now.
The daily chart indicates that the MACD Histogram bars are on the bearish side, and the 14 and 50 Exponential Moving Averages have crossed and their gap is widened for a strong bearish indication.
VETUSD Market Analysis
The pair has been experiencing a low market momentum, for a while, though it is still on the south-side, conservatively it will be ok to execute market orders after the market might have closed below the nearest resistance or support levels.
From the 4-Hours chart is indicative that the price is hovering below the 14 and 50 Exponential Moving Averages, but the price is close to EMAs, and the bar of the MACD Histogram is flat, showing a ranging market condition.
Please 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.