- Vechain failed to sustain at $0.08 and fell to $0.072 on Tuesday’s trading session
- Elliot wave indicates a correction upto $0.06 with a completion of the 4th wave.
- VET/BTC pair was trading at 0.000001375 BTC with a gain of 10.88%
Vechain has made an all time high on Mar,15 2021 and is currently on a bullish trend.The daily chart of the VET highlights that 3rd Elliot wave is coming to an end. The 4th wave can see a correction upto $0.06 before jumping for a new highs. There is a also a possibility that the 3rd wave can sustain more before correction
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (Red) moves above the SMA-100 (Green), which projects a positive trend. Investors can observe the continuation of a positive trend.
The volume of VET is around the value of $1,842,983,110 with a gain of 108.29%. and market capitalization at $5,037,680,592, with a gain of 9.5%.
Technical Indicators Suggest A Bullish Move For VET Price
Vechain price is at $0.078 with a bullish move. According to fibonacci levels, VET critical support level is placed at 0.786 fib. Whereas if it moves up, the key resistance level to watch is 1 fib. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish doji candlestick pattern, which represents a potential reversal in an uptrend.The coin can also see a reversal in the upcoming days.
RSI indicator (BULLISH), with a value of 67.24 indicates a buy signal in the coin, investors can observe an increase in value in upcoming trading sessions. Investors can hold the asset for the big profits
Vechain is currently trading at $0.076 with a gain of 7.56% in the last 24-hour time-frame. On the weekly time-frame, VET is maintaining a gain of 14.31%. There can be a 20% gain on the upside if traded carefully.
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