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VET/USD Long-term Trend: Brearish
Resistance levels: $0.014, $0.015, $0.016,
Support levels: $0.012, $0.011, $0.010
The VET/USD pair had been bearish in the month of October. On October 1, the cryptocurrency has an opening balance of $0.0130. On October 10, the digital currency reached a high of $0.0140 but fell to the low of $0.0112. Thereafter, the crypto’s price commenced a bullish movement to the high of $0.0134.
Price again fell to the low of $0.0110. The price of the digital currency has reached its previous low at $0.0110 traders should look out for buy setups in order to initiate long trades. The price of VeChain is expected to rise. Nevertheless, the price of VeChain is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates 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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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.