VETUSDT Recovering From All-Time Low [BULLISH SCENARIO]

Vet has struggled massively over the last few weeks. The general cash pull-out based on COVID-19 caused the price to drop to unseen lows. After the overall markets and BTC have recovered temporarily, I foresee a bullish scenario here on the 60m for VET based on technicals.

There have been two import horizontal areas here, for which both have S/R flips. The current horizontal resistance is important for VETUSDT. It seems that the bulls are attempting to break through this horizontal resistance, and I expect that after a small retracement the price will continue in an upwards trend. The old zone of resistance will act as a logical spot of support, which will push the price up from its all-time low.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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