2019-1-5 08:58 |
VET/USD Long-term Trend: Ranging Resistance levels: $0.0080, $0.0090, $0.010 Support levels: $0.0040, $0.0030, $0.0020
The VET/USD pair had been in a sideways trend in the last ten days. On December 16, the bulls broke above the 12-day EMA and the 26-day EMA to reach the high of $0.0054. But the crypto fell to the low of $0.0005 when it faced resistance at the price of $0.0050. The crypto’s price is now ranging above the $0.0005 price level and below the 12-day EMA and the 26-day EMA.
From the daily chart, the price of Vechain has an opening balance of $0.00406 in the month of January. Meanwhile, the stochastic indicator is in the oversold region but below the 20% range indicating that the price of Vechain is in a strong bearish momentum and a sell signal. This is an indication that the crypto is likely to fall.
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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