Long
Technical Indicators Hints A Bullish Move For VET Price Forecast

The weekly technical chart of the VET showcases bearish momentum.The daily chart of the VET Price forecasts a bullish sentiment. Vechain price is trading above 50 and 100 Moving average.The 50MA(RED) line is at $0.055 making it a temporary support for the coin.Resistance for the coin on upside is at $0.094 while coming on to the downside the bounce back can be seen from $0.08.On coming to the shorter time frame of 4 hr chart a downward parallel channel is formed.If the price breaks 10% above the parallel channel then there is a good chance that the price will see momentum upto $0.15.VET/BTC pair can also see a gain of 20% in upcoming months.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.