VET/USD Long-term Trend: Ranging Resistance levels: $0.0080, $0.0090, $0.0100 Support levels: $0.0040, $0.0030, $0.0020

The VET/USD pair had been in a sideways trend since December 27,2018. On February 1, the price of Vechain was in a bearish trend zone. The crypto’s price was ranging below the 12-day EMA and the 26-day EMA. The EMAs were trending horizontally indicating the sideways trend. On February 8, the bulls broke the 12-day EMA but were unable to break the 26-day EMA. Today, the crypto’s price is trading at $0.004075 as at the time of writing.

Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that the price of Vechain is in the bearish trend zone. The crypto’s price is likely to fall as it faces resistance at $0.004129 price level. The stochastic is in the oversold region and above the 20% range which indicates that VET price is in a bullish momentum and a sell signal.

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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