TradingView
thedailychartist
Feb 24, 2021 12:15 PM

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

BINANCE:VETUSDT240
VeChain / TetherUSBinance

Description

⋅
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.
Chart PatternsTrend Analysisvechinvechainusdtvechainusdvetusdvechainthortradingranges50percentretracement
Comments
DankVader013
⋅
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.
thedailychartist
⋅
@DankVader013, all sideways right now. Need some escape velocity.
Dave-FX-Hunter
⋅
Perfect idea
More