- VET has a unique two way token system(VET+VTHO) which helps in cost separation and market speculation
- The VET adopts 70% of VTHO in each transaction and is destroyed lately.
- RSI for VET(For today) shows the NEUTRAL action.
The token has been forming the pattern of a deliberation bearish. VET fell to 0.0853 on Wednesday’s intraday low. Following a 1.10% decline from Tuesday, VET ended the day at 0.090802. The last known price of this coin is 0.0898. A mixed start for the day saw VET forming an inverted hammer pattern, rising to an early morning intraday high of $0.0930 before hitting reverse. VET broke through the first resistance level at $0.090525 and second resistance level at $0.090791. VET saw just the reversal, that is the intraday low went to $0.089.
VET sustained through the first support level at 0.089 and from here we wouldcould expect a partial recovery.
At the time of writing, VET was up by 0.39% to 0.08982.
It has the current trading volume(s) of 675,800,809 with a gain of 11.05% over the last 24 hours. VET has addresses of 930,392 holders with the active transfer(s) of 3,605 in the last 24 hours. The circulating supply of token is 64,315,576,989 VET coins and a max. supply of 86,712,634,466 VET coins.
The representation of VET band width (the amount of data that can be transmitted in a fixed amount of time.Tokenization allows it to become divisible and readily tradable)
VET BANDWIDTH
SMA-20, SMA-50 and SMA-200
The chart above shows the movement of VET where 200 DMA has been running below SMA-20 and SMA-50. SMA-50 is providing support to SMA-20 at present and could be a crucial support to let it retrace. We see the token with respect to SMA’s which are 20, 50 and 200.
We see an upwards pattern where the bullish sentiments are ruling. The trend line marked shows this upwards shifting.
BUY or SELL?
An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 51.1771 and marks the neutral action. MA-5, MA-10 shows the sell action whereas MA-20 shows the buy0 action. Even MA-100 and MA-200 show the same buy action.
The bull/bear power has the value of 0.0002 and shows the buy action. The high/low marks the sell action with the value of -0.0002
The VET-BTC pair is trailing at the level of 0.000002246 and the low of 0.50% was seen whereas the VET-ETH pair is at 0.00003248 and the low of 1.64% was seen in the last 24 hours. The volume/market cap of the token is 0.117 and its market dominance is 0.35%.
Conclusion: VET would need to move through a support level 1 to reach to the pivot point and then move through the pivot of 0.09003 to bring the first resistance level into play.
Support from the market would be needed(Broader), for VET to break out from 0.0900 levels.
The day’sdays range for the coin is 0.085190-0.09200. The VET ATH is 0.2782 and ATL is 0.001678.
VET ROI (approximate return on investment if purchased at the time of launch) is 497.15%.
Technical Instruments:
Pivot: 0.09003
R-1: 0.090525
R-2: 0.090791
S-1: 0.089661
S-2: 0.089395
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour