VET Trying to Hold Support as BTC.D drops below 50% (1D Chart)

Updated

VET is still comfortably in a parabolic pattern. Currently, it is trying to hold its 21day EMA and the 1 fib channel line as support. My hope is that the trend will continue if the support holds, especially with BTC.D now continuing to fall below 50%. Not shown, but i'd also like to see the MACD cross upward over the next week as well as the rsi to break into the orange channel I have drawn. This would keep the trend of higher lows on the daily rsi in tact.

Note

Perhaps Bitcoin Futures expiring tomorrow will give us a better idea of what to expect as well.

Note

1 fib line, lower trendline, and 21 day EMA still remain a point of tension given today's sell off.

rlando

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