- VET has a unique two way token system(VET+VTHO) which helps in cost separation and market speculation
- The VET bullish rally ended at $0.140
- RSI for VET(For today) shows the NEUTRAL action.
The token has been forming the pattern of a engulfing bearish. VET fell to 0.110 on Saturday intraday low. Following a 0.1092 intraday low against yesterday. VET ended the day at 0.1123. The last known price of this coin is 0.1123 to -8.52%. A mixed start for the day saw VET forming a three black crow pattern, rising to an early morning intraday high of $0.1162 before hitting reverse. VET broke through the first resistance level at $0.11534 and second resistance level at $0.116319.
VET sustained through the first support level at 0.112199 and from here we would expect a partial recovery.
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)
SMA-20, SMA-50 and SMA-200
The chart above shows the movement of VET where 20 DMA has been running below SMA-200 and SMA-50. Lost support from SMA-50 and later from SMA-200, candles are sustaining at trendline. We see the token with respect to SMA’s which are 20, 50 and 200.
We see an upwards pattern at first where the bullish sentiments are ruling. The trend line marked shows this upwards shifting. Later the sidewards trend is continuing.
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 36.694 and marks the sell action. MA-5, MA-10, MA-20 and MA-100 show the sell action.
The bull/bear power has the value of -0.0012 and shows the sell action. The high/low marks the sell action with the value of -0.0002
The VET-BTC pair is trailing at the level of 0.000002494 and the low of 4.50% was seen whereas the VET-ETH pair is at 0.00003472 and the low of 2.64% was seen in the last 24 hours. The volume/market cap of the token is 0.08817 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 0.1141 to bring the first resistance level into play.
The day’s range for the coin is 0.110230-0.121850. 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: 0.114167
R-1: 0.114748
R-2: 0.115106
S-1: 0.113586
S-2: 0.113228
Note:
- The unit is USD
- SMA-20: Green colour
- SMA-50: Red colour
- SMA-200: Blue colour