thedailychartist

VETUSDT needs to break back above 0.052 or more sideways to down

BINANCE:VETUSDT   VeChain / TetherUS
VeChain has reverted to the means and stalling at current prices, which are also at the 50% retrace of this entire bear leg from the 20-FEB high.

Clear chance we could see another leg down from here unless we rally back to above 0.052.

We could also see more trading range price action (sideways) before VET decides to resume its rally or give more discounts back to around 3cents.

Comments

Been thinking the same thing. It seems to always do these big pushes up with a huge retrace almost too 50% of its recent ATH. but once it does and just gets ready for its big move back up past ATH.
+1 Reply
thedailychartist DankVader013
@DankVader013, all sideways right now. Need some escape velocity.
Reply
Perfect idea
+1 Reply
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