VET-BTC Downtrend
Updated
VET:BTC is currently in a downtrend. The Double Bollinger Band middle line has been rejected (closed below it) and now we saw a drop in price again. When it closes above the middle BB, I am more confident in a change of trend. Until then I do not advise to enter VET:BTC at this moment. However if you are a scalp trader, you can try to scalp on the shorter time frames by adding to your bag at the 2nd lower BB line and sell on the bounce (will be only a few % gain though). Might workout if you stick to your stoploss and sell target.
A close above the middle BB would be a decent entry for a longer term position (not intraday).
A close above the middle BB would be a decent entry for a longer term position (not intraday).
Note
VET continues to drop like expected. Many alts getting dumped, meanwhile BTC is climbing and rising in dominance.Note
VET has continued to go down. Mid BB is a very strong resistance.
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