Technical Analysis of VET revealed that there is going to be trend reversal soon. According to various indicator such as MACD and DMI VET will become bullish in the mid term. Nevertheless, Stoch RSI indicates a small price decrease in the short term which will finish very bullish pattern Inverse Head&Shoulders. This scenario is strengthened by revealed hidden bullish Divergence, as indicator has lower lows edges and the price higher lows.
However in today's BTC manipulated market there can happen a break down it is the second scenario. In such a case there will be typical bearish XABCD which can be used to rebuy at its low and sell at the 1st target.
Probabilities of scenarios:
1st - 70%
2nd - 30%
Free targets, stop loss and buying zone are on the chart
However in today's BTC manipulated market there can happen a break down it is the second scenario. In such a case there will be typical bearish XABCD which can be used to rebuy at its low and sell at the 1st target.
Probabilities of scenarios:
1st - 70%
2nd - 30%
Free targets, stop loss and buying zone are on the chart
Trade closed: target reached
1st scenario as we forecasted was more probable, so the price went straight up to the 2nd Free target. The deal is closed for the Basic channelProfit: 13.5%
Duration: 3 days
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Claim up to 600 USDT in welcome rewards & compete for a share of 5,000 USDT in BitMart Futures Contest!
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
➡ Register & Claim Bonus: bitmart.com/invite/VShg8M
➡ Join Contest: bitmart.com/futures-competition/Skyrexio/en-US
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.