The coin has resumed its bearish trend after going for a corrective move yesterday; the correction caused a stir for traders, but the trend quickly adjusted by re-aligning at today’s market opening. Thus the price will be targeting the next price barrier level.
Supply levels: $0.0085, $0.0099, $0.0116
Demand levels: $0.0068, $0.0057, $0.0032
VETUSD Trends: Bearish
VETUSD has assumed its bearish call, after the price pulled-back yesterday and closing up with a bullish candle indication, the crypto had a quick come back today at the market opening, to join the major bearish trend. The price is looking forward to taking the next price resistance level of $0.0057 and may even go down to the price resistance levels of $0.0032.
The daily chart shows that the 14 and 50 Exponential Moving Averages are crossed for the bears, and the MACD Indicator signal lines and Histogram bars are re-building for a fresh bearish call.
VETBTC Market Analysis
The coin was able to establish a lower low level after breaking out from the key price level; the price is now ranging in what seems to be a market correction or reversal.
From the 4-hour chart, the price is hovering within the 14 and 50 Exponential Moving Averages, while the MACD Indicator is showing a ranging bullish market.
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