VET is going strong. It perfectly held the 1st resistance line at $0.005. It also broke the 2nd resistance line at $0.0063.
However, the RSI shows that VET is now in the OVERBOUGHT territory.
So, I have two target prices.
The first target price is $0.0063. The RSI shows that we are in the overbought territory, the risk of falling or having a correction is now higher.
Based on the chart (BLUE WAVE), If VET doesn't hold the 2nd resistance line at $0.0063. The next move will be an ABC correction to the support at $0.005.
The second target price is $0.0092. VET is still holding above the second resistance line. It is probable that it may go higher.
Based on the chart (RED WAVE). If VET goes parabolic it will test the 3rd resistance line at $0.0092. The next move will be an ABC correction to the support at $0.0063.
I already bought at $0.005- 0.0053 price ranges. I'm just waiting to see a selling candle or pattern before dropping my position for short term profit for VET.
Just remember to set always your stop-loss.
Hit like and follow me if you learn something and for more updates :)
Happy Trading!
Please always do your own charting and research!
However, the RSI shows that VET is now in the OVERBOUGHT territory.
So, I have two target prices.
The first target price is $0.0063. The RSI shows that we are in the overbought territory, the risk of falling or having a correction is now higher.
Based on the chart (BLUE WAVE), If VET doesn't hold the 2nd resistance line at $0.0063. The next move will be an ABC correction to the support at $0.005.
The second target price is $0.0092. VET is still holding above the second resistance line. It is probable that it may go higher.
Based on the chart (RED WAVE). If VET goes parabolic it will test the 3rd resistance line at $0.0092. The next move will be an ABC correction to the support at $0.0063.
I already bought at $0.005- 0.0053 price ranges. I'm just waiting to see a selling candle or pattern before dropping my position for short term profit for VET.
Just remember to set always your stop-loss.
Hit like and follow me if you learn something and for more updates :)
Happy Trading!
Please always do your own charting and research!