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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 was in a bullish trend in the last week of December 2018. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. The crypto’s price reached the high of $0.00542 but was resisted at the $0.0055 price level. The crypto broke the 12-day EMA and the 26-day EMA to the downside and fell to the low of $0.00397.
On the downside, if the crypto’s price fails to break the $0.0045 price level, the crypto will fall and continue the downward trend. On the upside, if price breaks the $0.0045 price level to the upside, the crypto will revisit the previous high of $0.0050. Meanwhile, the stochastic indicator is out of the overbought region but below the 60% range indicating that the price of Vechain is in a bearish momentum.
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