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thedailychartist
Feb 1, 2021 1:20 PM

What VETUSDT's bearish close last week means going forward? 

VeChain / TetherUSBinance

Description

Weekly close below key 0.0265 level is not the bullish signal we were looking so we are likely to see more sideways to down price action with said level serving as resistance going forward in the short-term.

Looking at the LTF we are currently at a wedge support trendline and we are seeing buyers attempt a rally and re-testing 0.0265 as resistance. Failing that, next support I'm seeing is around the 0.022 levels.
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