VET – ALTCOIN CHART ANALYSIS

VET (VeChain) experienced some decent volatility again today at the end of the month. After first seeing a quick and impulsive pump, it went downhill just as quickly.

We are currently trading at around $0.022. We failed to make a higher high and were about to sell off. So we are still in a downtrend.

On the 2H chart we are directly at the monthly support S1, which gives us support and should be maintained so that there is no further sale.

The picture looks a bit more bullish on the daily chart, but here too we definitely have to plan lower prices again. This looks like a double bottom chart pattern.

This stands for a trend reversal and could play well with VET. The left bottom was formed with a fair amount of volume, so we still have to assume that this area will be fetched.

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