VETUSDT SIDEWAYS MARKET, POTENTIAL UPWARD TREND
Hello Traders!
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-Following VET recently it shows an interesting pattern taking place , price retested level of support 0.075$ several times after sellers failed to create a new lower low meaning they lost their momentum , price into consolidation since beginning of December.
- Trading volume is low , would like to see a decent amount of buying pressure on our last support in order for buyers to push price higher to the next levels 0.10$-0.11$ where it would confirm the upward trend knowing that EMA200 is holding this level and acting as non-horizontal resistance.
- On the long term trend VET is bullish taking close to 1D time frame chart we can see VET is into consolidation awaiting a confirmation from buyers to take price higher, if failed price could breakdown towards level of support 0.055$-0.060$.
Support Zones:
0.035$-0.040$
0.055$-0.060$
0.070$-0.075$
Good Luck Traders!
- Please push the like button if you like the content or drop a comment to share your idea!
-Following VET recently it shows an interesting pattern taking place , price retested level of support 0.075$ several times after sellers failed to create a new lower low meaning they lost their momentum , price into consolidation since beginning of December.
- Trading volume is low , would like to see a decent amount of buying pressure on our last support in order for buyers to push price higher to the next levels 0.10$-0.11$ where it would confirm the upward trend knowing that EMA200 is holding this level and acting as non-horizontal resistance.
- On the long term trend VET is bullish taking close to 1D time frame chart we can see VET is into consolidation awaiting a confirmation from buyers to take price higher, if failed price could breakdown towards level of support 0.055$-0.060$.
Support Zones:
0.035$-0.040$
0.055$-0.060$
0.070$-0.075$
Good Luck Traders!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.