Cryptopolitan
2021-09-15 05:37:19

VeChain price analysis: Bears overwhelmed the bulls on the daily chart

TL;DR Breakdown Vechain price analysis is bearish for today.VET/USD retraces after peaking at around $0.1244.VET is set to retest the $0.1125 support. Vechain price analysis: General price overview VeChain began her price analysis chart with a positive trend. The bulls controlled the market, pushing prices up in head and shoulder patterns that took them to intraday highs of $0.1196. The sellers erected a powerful barrier at the intraday highs, causing a falling price in a descending triangle. Vechain price analysis indicates bearish price action momentum to follow later today as the market peaked around $0.1185 earlier today and currently declined back to $0.1124 support. Therefore, we expect VET/USD to fall further and retest the $0.1122 support later today. Cryptocurrency heat map. Source: Coin360 The overall market traded in with mixed signals after some coins recorded gains while others posted losses. The tremendous assets, Bitcoin and Ethereum, gained 3.97 percent and 2.9 percent, respectively. The Binance coin is trading in the same direction, recording more than a 2 percent price increment. Despite many currencies trading bullishly, others like XRP, ADA, SOL, and FTT have recoded price drops. VET/USD 4-hour chart: VET set to retest the $0.1125 support? On the 4-hour chart, we can see the Vechain price declining again as bulls are not ready to break higher. Source: Tradingview The Bollinger Bands are wide as the price ...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.