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 was in a sideways trend at the beginning of January. The crypto has an opening balance of $0.004062 and a closing balance of $ 0.003933 as at January 31, 2019. The price of Vechain traded and depreciated at about 3.17 % of its capitalization in the month of January.

The crypto's price is trading below and above the 12-day EMA and the 26-day EMA. On January 9, the bulls broke the 12-day EMA, the 26-day EMA and reached the high of $0.004559. The following day, the bears took control and broke below the EMAs and price fell to the low of $00.4116. The crypto's price traded below the EMAs at the $0.004116 price level.

On January 22, the bulls broke the EMAs to reach the highs of $0.004641. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price of Vechain is likely to fall. The MACD line and the signal line are above the zero line which indicates a buy 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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