gazbroon

VET USDT Opportunity for a Short Term Sell

Short
BINANCE:VETUSDT   VeChain / TetherUS
VET has been in an descending channel for the past 6 days. It has recently made a push to the top of the channel, but the 1hr RSI is approaching overbought and the MACD is shown signs of turning to the downside. The price could retrace to the bottom if the 6 day trend continues, representing a logical short term Sell opportunity. The channel itself represents a swing of 6.5% and the price could drop further if the decending channel trend continues.

Only my opinion, and doesn't represent investment advice.

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