VETBTC Price Analysis – June 20
The pair exited Wednesday on the level at 0.00000078 and losing a chunk (-4.88%). Today’s close on the level at 0.00000078 marks the lowest recorded closing price ever. Technically the bears were in full control, and the pair is trending lower throughout the whole trading session.
Demand Level: 0.00000086, 0.00000080
Supply Level: 0.00000077, 0.00000070
VETBTC Long term trend: Bearish
It has broken below the key technical support level at 0.00000077 in the current session and the bears have taken over as prices failed to decisively move beyond the prior’s days trading range in a dull session.
Prices broke below the key technical supply level now of the near baseline on the level at 0.00000080 and going forward the level may act as resistance. The trend remains bullish and it has shown an intact downtrend in the long term.
VETBTC Short term trend: Bearish
The last trading session on Wednesday has been 0.0000004 (4.88%), and that is below the last daily trading average range. The technical analysis of the 4-hour chart shows a bearish pattern matching today’s price action.
The VETBTC may run into sellers again around the level at 0.00000077 while the pair may approach the down close near the low of the period far from the moving average crossing.
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