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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.
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.