VETUSDT about to break out or continue trading this range?
This 3-day chart is providing some clarity on what could happen next for this coin.
0.0143 has been holding like a champ as support but price has been trapped within this level and resistance 0.0174 which is the highest monthly close since the low of 2020. I have been harping about these levels and heralding breakouts that have not happened but I am sticking to my guns here. A weekly & monthly close above 0.0174 could be the signal the whales are waiting for here so let's see if we see it soon. I do have resistance levels around 0.020 - 0.022 but I think 0.0174 is more significant than those two, IMO, in terms of medium to long term positioning.
Price action indicates we may be looking at a leg up from these prices, especially if the current candle closes near its high.
See chart below without the distractions.
0.0143 has been holding like a champ as support but price has been trapped within this level and resistance 0.0174 which is the highest monthly close since the low of 2020. I have been harping about these levels and heralding breakouts that have not happened but I am sticking to my guns here. A weekly & monthly close above 0.0174 could be the signal the whales are waiting for here so let's see if we see it soon. I do have resistance levels around 0.020 - 0.022 but I think 0.0174 is more significant than those two, IMO, in terms of medium to long term positioning.
Price action indicates we may be looking at a leg up from these prices, especially if the current candle closes near its high.
See chart below without the distractions.
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