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Bitcoin, Shiba Inu and VeChain – European Wrap 22 November

cryptonews100_tggfrn by cryptonews100_tggfrn
November 23, 2021
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Bitcoin value noticed a momentary upswing after its preliminary downswing on November 18. This fast run-up failed to assemble steam, resulting in rejection and a retracement. This short-term bearish outlook translated to Ethereum, Ripple and different altcoins.

 

BTC/USD 1-day chart

Shiba Inu (SHIB) value has been on a downward trajectory because the finish of October. Following the  break beneath the bottom at $0.00004465, nevertheless, bulls shortly started selecting up SHIB value and making a fade-in between the low at $0.00004465 and $0.00005000. With bulls sitting on their arms as they purchased into Shiba Inu value motion, anticipate an preliminary part the place bulls ramp-up value motion in direction of $0.00005500, earlier than hitting $0.00008800 in a couple of weeks time.

SHIB/USD daily chart

VeChain value failed to carry above a secure help stage, resulting in a steep correction. This downswing is quick approaching the midpoint of the buying and selling vary and will resolve the subsequent plan of action for VET.

 

VET/USDT 12-hour chart

 

 

 

 



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