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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 $0.00406 in the month of January 2019. The bulls broke the 12-day EMA, the 26-day EMA and reached the high of $0.004559. On January 10, the bears broke below the EMAs and price fell to the low of $00.4116.
The 12-day EMA and 26-day EMA are horizontally flat indicating that the price of Vechain is in a sideways trend. Today, the VET price is trading at $00.4381 in the bullish trend zone. Meanwhile, the crypto’s price is above the 12-day EMA and the 26-day EMA indicating that price of Vechain is likely to rise. 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.
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