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FieryTrading
5 ноя 2021 г., 12:24

🔥 VET Reached Channel Resistance: Break Out Or Reversal? Длинная

VeChain / TetherUSBinance

Описание

Around 4 days ago I made an analysis on VET. Here I argued that VET was trading inside a bullish channel and was likely to follow it in the near term. The fact that VET just reversed from the channel's support indicated even more bullish presence.



As of this morning, VET has reached the prior target and is currently seeing some minor consolidation. I'm expecting this consolidation to last a few hours tops before VET decides which way to go. The price can either reverse back to the channel support area or break out on the bullish side.

Since alts are currently showing a lot of strength, I'd wager that a bullish break out is more likely. In that case, $0.20 would be my target in the near term.

Happy trading!
Комментарии
mahroo125
Do you think I should reduce the quantity that I have at the current price, or should I continue with all my quantities??
MMBTtrader
only after breakout we can expect more rise

well done
MonoCoinSignal
Excellent view
Helical_Trades
Nice charting
Thanks
KlejdiCuni
Great job here!
UnknownUnicorn4127247
I have similar expectations here bro!
VasilyTrader
Did you consider coming fundamental data this week?
Mickfoley
@VasilyTrader, what fundamental data?
Mihai_Iacob
very good!
mizharhadyan221
already took profits at 0.153. Lets wait and see lah
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