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 was in a sideways trend as price approaches the $0.0040 price level. On November 26, the crypto fell to the low of $0.00428 and commenced a range bound movement. There are Doji and Spinning tops candlesticks that are describing the indecision of buyers and sellers at the level where is price ranging. Meanwhile, the stochastic indicator is above the 20% range which indicates that the price of VeChain has bearish momentum and a sell signal.

Similarly, the crypto's price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The 12-day EMA and the 26-day EMA are trending southward indicating that price is falling. Meanwhile, there will be no trade recommendation for long trades until bears exhaust their bearish pressure. The bears are likely to break the range bound movement.

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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