VET Opens Way For New Yearly Highs Following Significant Momentum-Induced Rally
- Cheeky Crypto analyst identifies a bullish structure on VET, the native token of the VeChain blockchain.
- VET confirmed its bullish movement by breaching the $0.04152 to $0.04638 crucial region.
- The analyst thinks VET could push higher toward $0.06379, with an upper limit of $0.06927.
A Cheeky Crypto YouTube channel host has identified a bullish structure on VET, the native token of the VeChain blockchain. In a recently uploaded video, the host showed VET to have over-extended a target area in a wave structure.
According to the host, VET confirmed its bullish movement by breaching the $0.04152 to $0.04638 crucial region. He noted that, by extending to $0.05186, VET has opened the way for higher targets of at least $0.05711 in a short while.
Meanwhile, the host observed a developing momentum reset on the VET daily chart as the token’s price appeared to enter the overbought territory. However, he used historical data to show that the price momentum can stay in the overbought region for an extended period. For instance, a price rally at the end of last year saw VET’s momentum indicator stay overbough…
The post VET Opens Way For New Yearly Highs Following Significant Momentum-Induced Rally appeared first on Coin Edition.
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VET Opens Way For New Yearly Highs Following Significant Momentum-Induced Rally
- Cheeky Crypto analyst identifies a bullish structure on VET, the native token of the VeChain blockchain.
- VET confirmed its bullish movement by breaching the $0.04152 to $0.04638 crucial region.
- The analyst thinks VET could push higher toward $0.06379, with an upper limit of $0.06927.
A Cheeky Crypto YouTube channel host has identified a bullish structure on VET, the native token of the VeChain blockchain. In a recently uploaded video, the host showed VET to have over-extended a target area in a wave structure.
According to the host, VET confirmed its bullish movement by breaching the $0.04152 to $0.04638 crucial region. He noted that, by extending to $0.05186, VET has opened the way for higher targets of at least $0.05711 in a short while.
Meanwhile, the host observed a developing momentum reset on the VET daily chart as the token’s price appeared to enter the overbought territory. However, he used historical data to show that the price momentum can stay in the overbought region for an extended period. For instance, a price rally at the end of last year saw VET’s momentum indicator stay overbough…
The post VET Opens Way For New Yearly Highs Following Significant Momentum-Induced Rally appeared first on Coin Edition.
Read More