2018-12-15 11:32 |
VET/USD Long-term Trend: Bearish
Resistance levels: $0.0080, $0.0090, $0.010
Support levels: $0.0040, $0.0030, $0.0020
The VET/USD pair is still in a bearish trend. On November 8, the price of VeChain was resisted by the 26-day EMA and price fell from the high of $0.01058 to the low of $0.00343 as at the time of writing. The 12-day EMA and the 26-day EMA are trending southward indicating that price falling. The crypto’s price is below the Exponential moving averages indicating that price is likely to fall.
Meanwhile, the stochastic indicator is above the 20% range which indicates that the price of Vechain has a bullish momentum and a buy signal. In addition, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. There will be no trade recommendation until the bearish pressure is exhausted.
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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