VETBTC Technical Analysis

Abhinav Agrawal
Aug 31, 2018 · 1 min read

Hello friends! I am back with the VETBTC Analysis. Before that, let me update you once about what is going on in BTC. The price is currently oscillating between 6850–7150 mark. Broken 6850 a couple of times but the price was soon retraced back to above 6800.

6800 has always been a very good Support/Resistance. And on the other hand, 7150 is a very strong resistance. Once 7150 is broken, soon we will see 7400–7500.

Now coming to VETBTC. The price is moving inside a channel. There id the 200 EMA just at the point of the lower line of the channel. On the other hand, The RSI is at the point of reversal and reversal has been seen from this point of RSI several times.

MY MACD(a modified version of MACD)also shows a bullish divergence. My PUMP signal indicator also shows the increase in volume every time.

Moreover, VET has a partnership announcement with an Automobile lined up.

So expecting a big move.

This is just an Analysis. Please take this trade as per your risk.

Happy Trading!

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