The coin not been able to break a barrier level to forge ahead for a bearish trend position. The coin started falling since two weeks ago, but met a barrier level, and has been ranging there.
Supply levels: $0.0095, $0.0107, $0.0130
Demand levels: $0.0072, $0.0063, $0.0045
VETBTC Trends: Ranging
VETUSD has been ranging on a 9price resistance level of $0.0072, seeking to break it, if it does succeed, a bearish trend will be established and the price can even move down to $0.0063 or $0.0045. If not we might see move up to $0.009.
The chart on the daily time frame is indicating that the price is in-between while the MACD Indicator signal lines and the Histogram are showing strong bullish support.
VETBTC Market Analysis
VETBTC has been in a ranging market condition, and operating within a support and resistance zone, except the market goes out from this channel there will be no significant market direction.
The 4-hour chart is postulating that the 14 and 50 Exponential Moving Averages are within the market price, which indicates a ranging market situation, while the MACD Indicator signal lines and Histogram bars are showing weak market momentum.
Please note: Dapplife.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.