VeChain (VET) Daily Price Forecast – February 12

VET/USD Medium-term Trend: Ranging

  • Supply levels: $0.0044, $0.0046, $0.0048
  • Demand levels: $0.0037, $0.0035, $0.0033

VET/USD market trading stance has been in a range moving mode like the case in other likes cryptocurrencies of its category. Between February 9 and until the present time, the pair has been featuring lower lows and lower highs around $0.0042 and $0.0038 price levels.

All the economic indicators are as well located within the range zones. Price has now been hovering around the conjoint point of both the 50-day SMA and the Bollinger Lower Band. The Stochastic Oscillators have crossed from the oversold zone to point north briefly past range 20.

This crypto-trade now appears to find other demand levels around its conjoint indicators but if unsuccessful at that, there may be a continuity of range market movements for the meantime.

VET/USD Short-term Trend: Ranging

VET/USD trade valuation has also been significantly seeing short downs and ups in its trading activities today. Yesterday, there was a relatively short high mark in its ranging price movements.

All the indicators in the short-term run are now apparently maintaining a flat direction around $0.004 and $0.0039 market levels. The stochastic Oscillators have slightly moved past range 60. They still point north to suggest the possibility of seeing more ups.

Indicators still have it that this crypto has not been able to muster a strong momentum to stage a reliable come-back in the market for now. Traders may need to watch out for a good buy set-up below the market’s 50-day SMA indicator.

 

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Publication date: 
02/12/2019 - 16:23
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