Downtrend Channel

4 Apr 2021

Notice if we the first arrow showing a dip against a resistance line, where BTC did move up and not went down. Though it broke out of that resistance, with BTC moving down VET also will move down, I suspect end at the same spot as last time, however depending on BTC still moving down or bounce up. But one thing is VET is very far above it normal growth lines and might be in need of a big retraction or it established a new growth line in blue, but I doubt it as it will go through the line with BTC moving down. As how much the resistance was able to push down VET the next one should be even stronger and push down VET even more, before it can truly shoot up or it need a big news announcement to break though it.