- The coin has a day’s range of 0.1103-0.11686.
- RSI is at 45 for the last 24 hours, suggesting neutral action.
- The VET-BTC pair is trailing at 0.00000284 and with ETH is 0.00004382.
The coin has risen in volume (Trading Volume) to a percentage of 0.91 in the last 24 hours and the VET-USD pair is at a percentage of 2.65. The current price of VET is 0.113 which was 0.90% lower than yesterday. The VET is still sinking down below it’s support levels as illustrated in chart-3 and the reason behind this is the lack of supply in the market. As the last five days have shown the decreased number in terms of volume.
FIB for the last 5 hours shows neutral action with the value of 52.01 and the MA-5, 10 shows SELL and BUY respectively.
The chart-1 shows the movement of the coin with higher highs and lower lows. The trend line marked in the chart shows that the wicks have formed great heights. At present the low has gone to well beyond its support level as marked in chart-3.
The chart-2 shows the movement of the coin for the last five days and the trendline shows the formation of a bullish divergence.
We have classified the chart on the basis of EMA’s. EMA-10, EMA-30 and EMA-100 show the movement here. Since today morning EMA-10 has performed very well and has even crossed the level of EMA-100 at times but now dipped below the other two EMA’s. Even the price has been sinking. Well it is assumed that the price may not fall any further below 0.1120.
Chart-1
The above chart shows the movement of the coin for this morning and noon. The trend line shows the hike in wicks and this rise in wicks would have definitely benefited the intraday investors.
Chart-2
The above chart shows the movement in price for the last five days and it has been visible that the trend is bullish mostly.
Chart-3
The above chart depicts the movement of VET for the upcoming time and it has been shown through the FIB retracement that the price is well below the critical level of 0.113 and the EMA-10 is also sinking. So the price would fall upto 0.1120 and then the retracement could be possible.
Conclusion: The price is falling for the VET but soon it will retrace and move higher. It is however a very volatile time for the coin but no worries, the wicks have proven worthy everytime. This is a great sign for the intraday traders. Well if you want to take entry in this coin, you can, at this moment of time.
Technical Instruments:
R-1: 0.1155
R-2: 0.1157
S-1: 0.1125
S-2: 0.1135