VET Technical Analysis: The Probability Of The Fall Continuation To $0.02 Is High

Starting from 4 April, sellers will feel like fish in water in the VET market. During this time, the VET price fell by 70%. Sellers were able to break an important liquidity zone of $0.045, after which the VET price began to fall more cheerfully. The loss of control over the growth trend of 29 November 2021 clearly did not benefit investors. The probability of the price continuing to fall to $0.02 is quite high. Of course, given the closing of the 9 May weekly candle, the $0.02 test question is questionable. https://www.tradingview.com/x/R7VoWr5M/ After all, the week closed with a big pin-up. However, the sharp price jump could be an emotional decision of short-term traders, who could already leave the market and forget about this trading situation. Trading volumes increased only during the last trading week. The local rebound of the price is the beginning of the slowdown in the downward trend. Therefore, at the moment we do not believe that the price without a global upward correction will be able to break and consolidate below $0.02. This mark is a great chance to buy VET with low risks in the long run. Technical Analysis Of VET On The Daily Timeframe https://www.tradingview.com/x/DfrgMV2p/ Analyzing the movement of the VET price on the daily timeframe, we see a test by the VET price of the lower trend line. Around 0.027, buyers have formed a local liquidity zone, from which the rebound in the VET price may continue. The fin...