VET has broken the local trend line, which is a signal that support has not deterred sellers and price could continue to decline. In addition, we see volume in spikes, which also tells us that big players are locking in their positions. This is also a bad signal for an uptrend. If you look at it from the technical analysis side, there are more downside than upside prerequisites right now. Below is the area where the price could come in.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
$0.122 is the key deciding area, VET struggled a lot to overcome this strong resistance.
Again china entered a new lockdown, so it's good time for Vechain So, It's time to decide a next strong resistance near $0.15 if the VET goes above $0.23
ahk
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Taking off
Dawnchorus
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Good spot, I was thinking the same thing. It has struggled with the 12.3 cent resistance...and is now bearishly diverging and falling.
OTUZBIRETTO
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Any thoughts on BTC?
jurgusia
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Thanks !!!
otternose
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I see VET inside a channel. Maybe testing downside at 0.11200 area. Maybe a lil fakeout to the downside. Then up.
Again china entered a new lockdown, so it's good time for Vechain
So, It's time to decide a next strong resistance near $0.15 if the VET goes above $0.23