After the coin reached a major barrier level, the price moved up to another price resistance level but has been operating within this channel. A break out of this channel will thus establish a true market direction.
Supply levels: $0.0104, $0.0110, $0.0120
Demand levels: $0.0086, $0.0079, $0.0056
VETBTC Trends: Ranging
VETBTC is on a flat market situation, the trend started losing momentum after the price encounter a price barrier at the price resistance level of $0.0056. A lot has happened in-between, the price has had a random market movement, which saw the price locating the upper resistance level since then, the price has been hovering between the channel area of $0.0079 and $0.0056.
The price has caught up with the 14 Exponential Moving Average, and heading to the 50 EMA,
And the MACD Indicator is showing a small bullish indication.
VETUSD Market Analysis
VETUSD has not shown strong market volatility to enable it to take a decisive market trend, thus the price has been ranging for a while now.
The 4-hour chart portrays the market price ranging in-between the two Exponential Moving Averages of 14 and 50, while the signal lines and bars of the MACD Histogram are lying flat, indicating a ranging market condition.
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