Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
VET/USD Medium-term Trend: Ranging
Supply Levels: $0.01375000, $0.01425, $0.01475000
Demand Levels: $0.01225, $0.01175, $0.01125000
During the trading sessions yesterday, VET/USD made an appreciable move in its market value to the point of touching the upper Bollinger Band at around $0.01350000 level. The crypto met a strong retarding level at that point, and hence the crypto was pushed southward to touch both the 50-day SMA and the middle Bollinger Band.
Today, the crypto appears to continue the downward price movement, but in a ranging mode between the middle and lower Bollinger bands. The Stochastic Oscillators have crossed south-direction to touch range 20. It shows that the lower lows are still likely to be experienced in the market of this crypto.
VET/USD Short-term Trend: Bullish
Yesterday, the market price value of Vechain went up to some extent against the U.S. dollar. Nevertheless, the crypto encountered a blockage around the upper Bollinger Band that led it got pushed southwards.
In about a few hours, the crypto was basically found ranging southward between both the middle and lower Bollinger Bands. As at now, the crypto has been able to move up briefly past the middle Bollinger Band. It is now averaging the $0.013000 horizontal price level. The Stochastic Oscillators have moved upward past range 40 to touch range 60 from below. A breakout of the horizontal price line could lead to the market price value of the crypto getting to $0.01320000 and $0.01430000 in extension.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute inancial advice. Always do your own research.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.