The coins bearish is going for the bearish trend after completing the bullish correction that it started after meeting resistance at a key level. The market looks good to retest that same level or possibly break out of it.
Supply levels: $0.0104, $0.0110, $0.0120
Demand levels: $0.0086, $0.0079, $0.0056
VETBTC Trends: Ranging
The market is in a ranging mode and will possibly hit the price resistance level of $0.0056 after a price barrier rejection of $0.0079. The actual trend can be verified after the breaks from any of the barrier area if the price breaks the level of $0.0056, then a bearish trend will be established, but it goes the other way and break from the price resistance area of $0.0079, then the trend will be a bullish one.
The price is operating within the 14 Exponential Moving Average, the two EMAs are on the bearish indication, while the MACD indicator is on the bullish position.
VETUSD Market Analysis
The market seems to be a ranging one, the price is trying to reject a bullish barrier and looks good to go down to the other barrier level, hence a breakout of any of the level will accelerate the market momentum.
The 14 and 50 Exponential Moving averages are crossed for a bearish call, while the MACD Indicator is exhibiting a weak market momentum.
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