VET/USD Medium-term Trend: Ranging Supply levels: $0.0048, $0.005, $0.0052 Demand levels: $0.0038, $0.0036, $0.0034

The market valuation of VET/USD has been featuring a great number of a series of lower lows and lower highs around $0.0046 and $0.0042 market points. The crypto had earlier on touched the high of the upper range on January 6.

Today, the crypto-trade has seen a low mark a bit below the lower range point on the chart. The 50-day SMA is underneath the Bollinger Middle Band as price has been trading above them. The Stochastic Oscillators have slightly crossed at range 40 to suggest more probable swing up-trends. Bulls now appear to be finding a foundation around the 50-day SMA trading indicator.

Therefore, traders are enjoined to continue looking out for a good buy set-up before launching their positions in this crypto-market.

VET/USD price worth has been witnessing a series of lower lows and lower highs around $0.0044 and $0.0042 price levels. Yesterday, the crypto’s price movements were characterized by a faint driving force of the US dollar.

Today, the market has seen a spike that has only led to trading around $0.0044 mark presently. The 50-day SMA is located between the Bollinger Upper and Middle Bands. The Stochastic Oscillators have slightly moved past range 80 to attempt pointing the north direction in the overbought zone.

If bulls could now sustain its present swing price uptrend in the market, a high of between $0.0048 and $0.0046 may be eventually recorded.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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