📈 Daily TA: VeChain (VET/USD)

Hello, dear members of LeoFinance!

Today I want to share the daily price chart (1D) of VeChain: As can be seen from the chart, right now, VET/USD is consolidating at the 90-day Moving Average (MA 90). The 30-day Moving Average (MA 30) is above the current price level. Thus, serving to some extent as resistance. Nevertheless, the price is receiving solid support from the 360-day Moving Average (MA 360).

In my view, VET/USD will continue to consolidate at the 90-day MA during the next couple of weeks.

As of the time of writing, one VET costs $0.1196 on the Coinbase crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: VeChain (VET/USD) | 01-06-2021