VET - 6h. Critical point for growth - the range of $0.16-0.17

25 mai 2021

Nothing is impossible. It was with this slogan that VET sellers lowered the price by 80% from the all-time high. A powerful wave of decline in the VET market tested the liquid range in which the price was trading back in February 2021. It is in the range. of $ 0,05
buyers set the previous all-time high. It was at this historical high that we took a fractal that worked perfectly in our previous idea:

Sellers managed to push the price even below our global target of $0.07. As a result, all the profit that investors could have earned within 3 months disappeared in one day. Of course, this is at best.

However, the sharp rebound of the VETUSDT price from the mark of $0.05 and the unsuccessful attempts of sellers to update the local minimum proved the strength of the coin. Our short-term scenario for the VET price movement is positive. We expect the price rebound to continue after the panic fall with the target of $0.16-0.17. For a confident continuation of growth, buyers should not give up control of the mark of $0.104. After a successful test of this mark, a good chance will open up to buy this coin with low risks. The loss of this mark will send the VET price towards the trendline and question the strength of the buyers.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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