VETBTC Price Analysis – June 18
The pair is trending lower and the bears have taken over for the 7th day in a row. VETBTC exits the previous day which is Monday at 0.00000079 losing its gains (-1.25%). The pair breaks below moving average and may close lower for the day, moving lower for another period of selling row.
Demand Level: 0.00000092, 0.00000086
Supply Level: 0.00000077, 0.00000070
VETBTC Long term trend: Bearish
Vechain was unable to proceed with the market positive gains as bears reared their tail downwards again. Monday’s trading range has been (8.64%) positive volatility, and that’s slightly above the previous daily average range of 0.0000006.
The longer-term volatility is currently just the same as usual for VETBTC, here on the daily chat we see that the overall trend is bearish and the trend is activated.
VETBTC Short term trend: Bearish
The pair’s closing within the previous day’s range and prices have again missed to actively break beyond the prior’s days trading range.
On the flip side while analyzing the 4-hour chat, prices broke the key technical area on the level at 0.00000080, which is likely to act as resistance going forward. The trend remains bearish and continued to show an intact downtrend in the short term trend.
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