VET/USD has been trading inside a daily descending channel for almost three weeks. Bulls are on the verge of getting a breakout above $0.018 which should have enough continuation towards $0.022. Descending parallel channels are generally bullish, especially if they happen after a major rally, which is exactly what Vechain experienced. Buyers have defended the daily 26-EMA and bounced above the 12-EMA touching the upper line of the channel. VET/USD daily chart This is where the action will happen. While VET can see a bearish or bullish breakout, the latest has more chances of happening considering the overall state of VET and the entire crypto market. The RSI has cooled off significantly but the MACD remains bearish. VET would need to see a clear breakout above $0.018 to confirm the break of the parallel channel. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/TRY: Continued gradual depreciation of the Turkish lira expected – MUFG FX Street 3 years VET/USD has been trading inside a daily descending channel for almost three weeks. Bulls are on the verge of getting a breakout above $0.018 which should have enough continuation towards $0.022. Descending parallel channels are generally bullish, especially if they happen after a major rally, which is exactly what Vechain experienced. Buyers have defended the daily 26-EMA and bounced above the 12-EMA touching the upper line of the channel. VET/USD daily chart This is where the action will happen. While VET can see a bearish or bullish breakout, the latest has more chances of happening considering the overall state of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
